Dogecoin declined 2.71% to $0.09610, with trading volume falling sharply, as the market consolidates within a tight price range between $0.092 and $0.110. In a significant adoption move, SPAR Switzerland has begun accepting DOGE for payments across its extensive global network of stores, providing a potential boost to the cryptocurrency’s utility.
Dogecoin faces renewed selling pressure, dropping 2.71% over 24 hours to trade at $0.09610. The meme-inspired cryptocurrency also saw a weekly decline of 2.83% amid reduced market activity.
Data from CoinMarketCap shows the 24-hour trading volume fell 42.07% to $1.06 billion. Market capitalization decreased 2.49% to $16.27 billion, reflecting ongoing consolidation.
Analysts note the token is trading within a contracting triangle pattern between support near $0.092 and resistance around $0.110. This period of indecision typically precedes a significant directional breakout.
Crypto analyst Trader Tardigrad suggests a breakout above $0.110 could fuel momentum toward targets at $0.125, $0.140, and ultimately $0.160. Conversely, a breakdown below the $0.092 support level could lead to tests of $0.085 and $0.075.
In a major development for mainstream adoption, SPAR Switzerland has started accepting Dogecoin for payments. The grocery chain operates over 13,500 stores across 48 countries as the world’s largest independent grocery retailer.
This integration allows the crypto-aware community to use DOGE for everyday purchases. The move represents a tangible step toward broader digital currency acceptance in global retail.
