Dogecoin Price May Reach New Heights in February 2026

The global cryptocurrency market has seen a significant increase in recent times, with the total meme coin market cap climbing to approximately $35 billion. This growth is fueled by renewed interest in meme tokens such as Shiba Inu (SHIB), PEPE, BONK, and other speculative assets.

As Bitcoin and Ethereum continue to post gains, analysts believe altcoins like XRP, Solana, and Cardano could further boost overall sentiment. This optimism is expected to positively impact Dogecoin price action, potentially leading to a breakout rally.

A classic cup-and-handle pattern has formed on the 24-hour chart of Dogecoin, indicating a bullish breakout. If the coin breaks above the $0.12 resistance level, it could target $0.15 in the short term and potentially reach $0.20, representing a 100% gain from current levels.

However, a drop below $0.10 could expose support near $0.09, which remains a critical level for maintaining bullish momentum. On-chain data indicates increased whale accumulation and active wallet addresses, signaling stronger investor engagement.