Dogecoin (DOGE) Breaks Into Top-8 of Crypto Market, Overtaking Tron (TRX)

Cover image via U.Today

Dogecoin's resurgence into the top eight cryptocurrencies by market capitalization, surpassing Tron, marks a significant recovery. Despite its meme-based origins and lack of inherent fundamental value—often cited as reasons for dismissal—Dogecoin continues to demonstrate resilience in the competitive cryptocurrency market. This upward movement signifies growing investor confidence in DOGE.

This shift is notable within a relatively stagnant market where many altcoins struggle to gain traction. Dogecoin's value increase stems from its persistent community engagement and strong support base, even while consolidating around the $0.155 range. Technically, DOGE remains in a downtrend initiated in February, characterized by resistance at key exponential moving averages and lower highs. The 100 EMA remains a significant hurdle, while the 26 EMA and 50 EMA continue to act as overhead resistance. Previous：Without Next：Without