Saad Ullah
Dogecoin is getting ready to make a big move up the crypto rankings. The meme coin king is sitting at #9 with a $25.16 billion market cap, while Tron holds the #8 spot at $25.47 billion. That's just a $324 million difference – pocket change in crypto terms.
What makes this interesting is that DOGE has been on a roll lately. It already knocked Cardano out of the top 10, and now it's got Tron in its sights. But here's the thing – both coins are taking a beating right now.
DOGE Price Action Shows Classic Breakout Setup
DOGE dropped 2.55% in the last 24 hours and is trading at $0.168. Trading volume also fell 17.77% to $1.03 billion, which shows traders are getting cautious. The price has dipped below its 50-day and 200-day moving averages, which usually isn't great news.
But here's where it gets interesting. DOGE is forming what's called a falling wedge pattern. Traders love this setup because it often signals a big price jump is coming. If that happens, DOGE could easily blast past Tron's market cap.
The numbers are actually working in DOGE's favor right now. While Dogecoin is down 2.55%, Tron got hit even harder with a 3.69% drop to $0.27. That bigger selloff means TRX is less likely to pull away from DOGE's challenge.
Whale Activity Could Trigger the DOGE Flip
The real catalyst could come from DOGE whales. Recent data shows transaction volume spiked 41%, which usually means big holders are making moves. When whales start accumulating, prices tend to follow.
Bitcoin's performance is another key factor. BTC drives the whole crypto market, and if it bounces back, DOGE could ride that wave straight past Tron. The meme coin has always been good at catching Bitcoin rallies.
This potential flip isn't just about rankings – it shows how meme coins have real staying power in crypto. DOGE has survived multiple market cycles and keeps finding ways to stay relevant. Whether it can hold onto the #8 spot once it gets there is another story, but right now, all signs point to a flip happening soon.
Saad Ullah
