Dogecoin (DOGE) is showing significant technical strength with two key bullish developments emerging in late February 2026. The cryptocurrency is approaching its first golden cross of the year against Bitcoin on the DOGE/BTC trading pair, while simultaneously forming a bullish cup-and-handle pattern against the US dollar that could signal a potential 100% price increase.
On the DOGE/BTC chart, the 23-day simple moving average is nearing a crossover above the 50-day simple moving average on Binance's trading pair. This technical pattern, known as a golden cross, indicates that Dogecoin's price over the past three weeks has been rising faster than its average over the past ten weeks. The probability of this crossover increased during the February 23 session as DOGE outperformed Bitcoin on a relative basis. While Bitcoin traded near $65,755 with modest daily losses, Dogecoin held near $0.095 with stronger intraday gains.
The technical setup shows the 50-day SMA has stopped declining and is moving sideways, creating a narrower gap for the shorter average to cross. The next structural level sits near the 200-day exponential moving average around 0.00000166 BTC. A move into the 0.00000150 to 0.00000160 BTC range would bring that longer-term trend marker into focus. Previous recovery attempts in late 2025 failed once relative strength faded, but this time the consolidation phase has lasted longer with compressed daily ranges.
Simultaneously, DOGE/USD is forming a classic cup-and-handle pattern on daily charts with the handle currently developing. Analysts identify $0.12 as the critical breakout level, with resistance zones at $0.15 and $0.20. A successful breakout above $0.12 could open a path toward $0.20, representing more than a 100% gain from current levels around $0.095-$0.10.
Technical indicators show neutral to positive signals with the Relative Strength Index at 52 (neither overbought nor oversold) and Chaikin Money Flow at 0.04 indicating light accumulation. DOGE has been testing a descending trendline for six consecutive candles on the daily chart, holding above this line each time. Trading volume hasn't surged yet, which analysts note is crucial for sustaining any upward move.
Broader market conditions appear supportive with the total cryptocurrency market cap rising nearly 2% to $2.35 trillion and spot ETF inflows adding roughly $9.05 million. The meme coin sector, including SHIB, PEPE, BONK, and Pengu, 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, suggesting sentiment may be shifting.
The $0.10 support level remains critical for maintaining bullish potential. A close below that point could push DOGE toward $0.09, the next significant support. If the golden cross confirms and the ratio holds above the 50-day line against Bitcoin, it would mark the first sustained period in 2026 where Dogecoin gains ground against Bitcoin on the long-term time frame.
