5 Reasons Dogecoin (DOGE) Rallies 18% after Smart Cashtags X

Jakarta, Pintu News – Dogecoin (DOGE) has rallied significantly in the past 24 hours after social media platform X confirmed plans to launch a Smart Cashtags feature, sparking strong optimism in the crypto market. The memecoin jumped more than 18 percent in a short period of time, breaking the $0.11 level – a move that caught the attention of both traders and long-term investors amid a strong narrative trend. Technical signals and on-chain accumulation data also reflect near-term bullish momentum.

1. Smart Cashtags announcement from X

Dogecoin’s price surged after X, now owned by Elon Musk, confirmed that the Smart Cashtags feature will be launched in the next few weeks. This news immediately triggered market expectations that DOGE would gain higher visibility and utility in the social media ecosystem. This kind of positive sentiment is often a major catalyst for narrative cryptocurrencies like Dogecoin, encouraging trader and speculator participation.

The momentum of this rally was more than just an emotional market reaction; the price of DOGE broke through the $0.11 level, which had previously acted as a significant resistance point. This price action shows that the rise is accompanied by a valid technical structure, rather than just a short-term volatile spike.

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2. Technical Bullish Structure and Price Breakout

After the rally, DOGE completed the technical pattern “Adam and Eve,” a formation that is often considered a trend reversal signal. The clean breakout above the $0.11 neckline was technical confirmation that dogecoin’s market sentiment had switched from bearish pressure to temporary bullish momentum. Patterns like this usually attract short-term traders because of the potential for continued price gains.

However, if dogecoin fails to maintain the support level above $0.11, this bullish structure could weaken quickly, so investors should keep an eye on the next support and resistance levels.

3. Spot Accumulation and On-Chain Data

CVD’s Spot Taker data shows that buy-side accumulation in the spot market increased ahead of and during the rally, indicating real demand beyond just derivative leverage. The strength of this accumulation shows that the DOGE rally was supported by real asset accumulation by traders, not just leveraged buying which often leads to wild fluctuations without strong underlying demand support.

This is important in the context of cryptocurrencies like Dogecoin as it shows that the rally likely has a broader base of market participation, although memecoin remains at risk of high volatility.

4. Next Technical Level for DOGE

After breaking $0.11, DOGE faces a resistance zone around $0.127 which is the next important target for the bulls. If DOGE is able to break this level, the price path to $0.15 becomes more open, which could strengthen the short-term bullish momentum. Higher resistance targets include levels around $0.187 to $0.20-$0.21 if the bullish trend continues.

However, any failure to break these levels could lead to a drop back to key support, so traders and investors should be alert to the possibility of a quick reversal as crypto market volatility remains high.

5. Implications for Crypto Investors

For the cryptocurrency investor community, this DOGE rally demonstrates the important role that narratives and platform integrations play in influencing the price of crypto assets, especially for memecoins that are highly sensitive to social hype. The integration of Smart Cashtags is an example of how the adoption of new technology and integration in large applications can be a catalyst for certain assets.

Investors should monitor a combination of technical and fundamental factors when deciding on a strategy, and always consider the volatile risks and speculative nature of memecoins like Dogecoin versus more fundamental crypto assets like Bitcoin (BTC) or Ethereum (ETH).

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMBCrypto. Dogecoin rallies 18% after Smart Cashtags reveal: Can DOGE hold above $0.11? Accessed February 16, 2026.