Dogecoin Surge Potential: Will DOGE Double From Here?

• DOGE shows bullish cup-and-handle pattern with potential breakout above $0.12.

• Key resistances lie at $0.15 and $0.20 for a possible 100% gain.

• Support at $0.10 is critical; volume and momentum must strengthen for sustained rally.

Dogecoin — DOGE, has been quietly hovering just above $0.10, leaving traders watching closely for signs of a breakout. Over the past 24 hours, DOGE gained around 3 percent, a modest move but enough to attract attention. Technical setups, along with supportive market conditions, suggest potential for a bigger run. Analysts are eyeing classic bullish patterns on the chart, while broader crypto trends could provide the momentum DOGE needs to push toward higher price targets.

$Doge/daily

A classic bullish pattern that typically leads to a breakout – Cup and Handle 👀

✍️ #Dogecoin has etched a tidy cup pattern and is now shaping the handle. https://t.co/rb1LaR5V3D pic.twitter.com/cWqxbjtBty

— Trader Tardigrade (@TATrader_Alan) February 21, 2026

Technical Patterns Suggest Bullish Setup

A cup-and-handle pattern is forming on DOGE’s daily chart, catching traders’ interest. This pattern typically begins with a rounded bottom, followed by a slight pullback, before price breaks higher. Right now, the handle is forming, suggesting buyers may soon take control. A successful breakout above $0.12 could mark the first step toward higher targets.

From $0.12, DOGE faces resistance around $0.15, a level that has capped rallies in the past. Breaking that zone could open a path toward $0.20, which would represent more than a 100 percent gain from current levels. While the chart looks promising, analysts warn that trading volume has not surged yet. Without strong volume backing, any upward move may be short-lived.

Momentum indicators are showing neutral signals. The Relative Strength Index sits near 52, meaning DOGE is neither overbought nor oversold. A slight upward tick indicates renewed buying interest. The Chaikin Money Flow stands around 0.04, signaling light accumulation. Though capital inflows remain modest, buyers are returning after a slow period.

Market Conditions Could Support a Rally

DOGE has also been testing a descending trendline for six consecutive candles on the daily chart. Price has held above this line each time, maintaining the bullish structure. Traders see this as a positive sign, suggesting that the token may be consolidating before a potential surge.Beyond technical patterns, broader market trends are favorable for DOGE. The total cryptocurrency market cap rose nearly 2 percent to $2.35 trillion in the past day.

Spot ETF inflows added roughly $9.05 million, indicating growing institutional interest. Meme coins like SHIB, PEPE, BONK, and Pengu also saw gains, lifting the total meme coin market cap to $35.3 billion. On-chain data shows whale accumulation picking up and active addresses growing. These early signals suggest sentiment may be shifting. Traders should watch the $0.10 support level closely.

A close below that point could push DOGE toward $0.09, the next significant support. Holding above $0.10 is crucial for maintaining bullish potential. While DOGE’s chart indicates potential for a double from current levels, several factors must align. Volume needs to pick up, momentum must strengthen, and broader market support is required.