Jakarta, Pintu News – Dogecoin Shiba Inu dog mascot, is now expanding to the Solana

input: Jakarta, Pintu News - Dogecoin Shiba Inu dog mascot, is now expanding to the Solana (SOL) network with Native Token Transfers (NTT) technology by crypto startup, Wormhole.

This strategic move is expected to push the price of Dogecoin (DOGE) up to $0.355, as the chart pattern formation indicates a bullish trend.

Dogecoin (DOGE) Integration into Solana (SOL)

Wormhole recently announced the integration of Dogecoin (DOGE) with the Solana (SOL) network through its NTT framework. With this technology, Dogecoin (DOGE) will function as a native token on Solana (SOL).

$DOGE is going multichain 🐕

The $35 billion asset is coming to @solana, powered by Wormhole NTT 📥

Huge shoutout to the Psy and RISC Zero teams who built the technology, and to the teams at Solana and Dogecoin for making this integration possible. We are proud to be the infrastructure provider that brings it all together. 🤝 pic.twitter.com/syJQb3eDYK

— Wormhole (@wormhole_protocol) May 22, 2025

NTT’s technology facilitates interchain token transfers while granting complete control over token supply and contract updates to the original chain. The collaboration also includes teams from Psy and RISC Zero, who utilize zero-knowledge proofs to support the secure and verified transfer of assets between blockchains.

According to Wormhole, this integration unites two significant forces in the industry, and they are proud to provide the infrastructure for it.

“We are excited to announce the integration of Dogecoin with Solana via our Native Token Transfers (NTT) framework. This integration has been a labor of love, combining the strengths of two major industry forces: the efficient and scalable Solana blockchain and Dogecoin, a coin known for its vibrant community and strong brand recognition.”

Dogecoin (DOGE) Price Analysis

According to crypto analysts, TraderTardigrade, the Dogecoin (DOGE) price chart is forming a Cup and Handle pattern on the daily time frame. This is a bullish continuation pattern that traders usually look out for.

The “cup” part of this pattern develops over several months and forms a rounded bottom. This part of the pattern usually appears after a period of price consolidation. After the “cup,” a smaller, descending channel, also called the “handle,” forms. This segment shows a temporary price drop before a breakout. A shallower “handle” indicates stronger buyer interest and less selling pressure.

TraderTardigrade further explains that this pattern is still in the final stages of formation, with the “handle” part nearly complete. Breaking out of this pattern could propel Dogecoin (DOGE) toward the $0.355 resistance level.

Dogecoin (DOGE) Open Interest and Trading Volume

Currently, Dogecoin (DOGE) is trading at $0.2418 with a market capitalization of $36.12 billion. In the last 24 hours, Dogecoin (DOGE) recorded a trading volume of $2.83 billion, an increase of more than 4%.

This increase came despite the pending decision regarding the Dogecoin (DOGE) ETF from Grayscale Investments and 21Shares. The U.S. Securities and Exchange Commission (SEC) is expected to make a decision by June 15.

In addition, derivatives market activity also showed increased interest in Dogecoin (DOGE). Options volume increased by more than 130% to $349.57 million. Open interest in Dogecoin (DOGE) futures stood at $2.97 billion, up more than 11%. This growth suggests that more traders are positioning themselves for possible price movements.