Dogecoin is going viral once again after Elon Musk’s tweet. Elon’s latest X post was enough to ignite another round of enthusiasm across the market. Now traders are watching to see if DOGE can push toward $0.26, and maybe even start another long-awaited move toward $1.
Traders Spot A Bullish Setup
Source: Tradingshort
The world’s most famous meme coin is trading around $0.194, marking a substantial 49% rebound over the past two weeks. Analysts say the recent rally is not just about hype. Many are pointing to a potential Adam-and-Eve pattern forming on the chart. This setup appears when prices hit a sharp low, rebound, and then build a slower, rounded base before pushing higher. For DOGE, that base seems to be forming now.
Trader Tardigrade on X added more fuel to the bullish outlook, writing that “$DOGE is maintaining an uptrend following a quiet breakout.” He noted that the RSI is forming an inverse head-and-shoulders pattern, which usually signals that momentum is heading into the overbought zone. This analyst predicts that Dogecoin might hit its old high of around $0.21, then face stronger resistance.
Source: @TATrader_Alan on X
As long as Dogecoin closes above $0.216, a more decisive breakout around $0.29 is likely. The move also aligns with technical signals on longer charts. Some traders think a short squeeze could follow, as many short positions are stacked between $0.215 and $0.27. If that happens, forced buybacks could send DOGE soaring faster than expected.
The Musk Effect Remains Strong
No other coin in the market depends on one person’s social media activity quite like Dogecoin. Musk’s influence on DOGE is undeniable. His humour, timing, and connection with online culture keep the token relevant. But that dependence also makes the price unpredictable. One tweet can start a rally, and a few days of silence can end it.
Dogecoin’s value is built more on community energy than on technical innovation. While it has been accepted for small purchases and tips, its real power lies in culture, not finance. That’s both its strength and its weakness.
Real Utility Grows Elsewhere
While Dogecoin dominates headlines, some new projects focus on solving real financial problems. One of them is Remittix (RTX), a PayFi network that connects crypto to traditional banking. Users can send crypto directly to bank accounts in over 30 countries with real-time currency conversion.
Remittix has raised more than $27.7 million, sold over 681 million tokens, and is already listed on BitMart and LBank. The project also offers a 15% USDT referral reward and is verified by CertiK, adding a layer of trust that most meme coins lack. Its wallet beta is live, and the team is preparing for a third exchange listing.
Conclusion
The rise of Dogecoin is a sign that the magic of meme coins is still present, and it works, particularly when Elon Musk is involved. Traders are waiting to see the price break-out towards a higher price of above $0.21, which in turn may push the price to another good run to greater values of $0.26 or more. Projects such as Remittix can help show those interested in longer opportunities that real-world payment solutions might become lasting.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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