What happened?
Dogecoin has surged as fresh liquidity returned to meme coins, outpacing XRP with a 12% gain and over $4 billion in 24-hour trading volume. It’s now sitting near a technical breakout at the $0.29 neckline of a 10-month cup-and-handle pattern, with bullish RSI and MACD signals. At the same time, several issuers face an October 17 ETF decision deadline, leaving S-1 filings as the last step before potential TradFi listings.
Who does this affect?
Retail traders and meme-coin investors who chase momentum could benefit from the renewed volume and breakout potential in DOGE. Institutional players and ETF applicants are also affected, since any approvals would open the door to much larger, more stable inflows from traditional finance. Emerging meme projects like PepeNode and early presale participants feel the spillover too, as attention and capital rotate back into high-risk tokens.
Why does this matter?
If U.S. rate cuts happen and ETFs or other TradFi flows materialize, money rotating into meme coins could drive big price moves and deeper liquidity across the altcoin market. A confirmed DOGE breakout could spark sizable rallies toward targets like $0.49, $0.65 and even the $1 milestone, attracting more buyers and media attention. That amplified demand would boost trading activity, reward projects with burn or staking mechanics, and increase crypto’s linkage to traditional markets.