Dogecoin Price: Rebounds as SPAR Switzerland Begins Accepting DOGE in Select Stores

Dogecoin trades at $0.1976 as SPAR Switzerland accepts payments while technical patterns suggest potential rally to $0.50.

• SPAR Switzerland has started accepting Dogecoin payments in select stores, making it one of Europe’s first major retailers to adopt the cryptocurrency for everyday purchases
• Dogecoin is trading at $0.1976 with a 4.35% gain in the past 24 hours and a market cap of $29.81 billion
• Technical analysts have identified a cup-and-handle pattern on the charts with a potential breakout target of $0.50
• A double bottom formation has appeared on the daily chart with a key resistance level at $0.215 that could trigger a rally
• The MACD and RSI indicators suggest fading bullish momentum but analysts see strong long-term potential with support levels at $0.19 and $0.155

Dogecoin is trading at $0.1976 after climbing 4.35% in the past 24 hours. The token’s 24-hour trading volume reached $554.9 million, marking a 35.79% surge compared to the previous day.

The market capitalization stands at $29.81 billion. Over the past week, DOGE recorded a 4.71% gain despite some daily fluctuations.

SPAR Switzerland has begun accepting Dogecoin payments in select stores across the country. Shoppers can now pay for groceries and essentials using DOGE through a secure crypto payment system.