Zinger Key Points
- Dogecoin Foundation teams up with House of Doge to integrate DOGE into U.S. businesses and expand adoption.
- Network activity drops to its lowest levels since October 2024, but traders predict a major breakout.
- Get access to your new suite of high-powered trading tools, including real-time stock ratings, insider trades, and government trading signals.
Despite a strategic five-year partnership aimed at increasing Dogecoin's DOGE/USD adoption, DOGE is down 7% as network activity slows.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Dogecoin DOGE/USD | $0.2262 | $33.5 billion | -7% | -15% |
| Shiba Inu SHIB/USD | $0.00001447 | $8.5 billion | -6.6% | -10.5% |
| Pepe PEPE/USD | $0.058697 | $3.7 billion | -6.8% | -17.6% |
Trader Notes: In an X post on Monday, Trader Tardigrade remains optimistic, noting that Dogecoin is nearing the completion of its fourth falling wedge pattern—a historically bullish setup.
The past breakouts from similar patterns resulted in a first gain of 88%, while the second one marked a 208% increase and the third one caused a 445% rally. If history repeats, he predicts another major breakout in the near future.
Statistics: Crypto chart analyst Ali Martinez highlighted DOGE network activity dropped to its lowest level since October 2024. He marked 66 whale transactions and fewer than 60,000 active addresses per day.
Coinglass data shows $9.4 million liquidations in the past 24 hours, with long liquidations at $8.75 million.
Community News: In an X post on Saturday, Dogecoin Foundation Director Timothy Stebbing announced a five-year partnership with House of Doge, which will act as the official commercialization partner for Dogecoin.
The key objectives of House of Doge will be to create a Dogecoin Reserve & Treasury by aggregating mined DOGE.
It will also provide liquidity to businesses and organizations integrating DOGE.
The House of Doge plans to launch the largest Dogecoin mining operation in North America, aiming for 10,000 ASICs by year-end.
With DOGE adoption expanding across businesses and sporting events, Dogecoin's official statement summed it up: "Adoption is inevitable."
What's Next: With technical indicators pointing toward a breakout and real-world adoption gaining traction, Dogecoin could be primed for a reversal.
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