Key Insights:
- Coinbase now allows Dogecoin, XRP, ADA, and Litecoin as collateral for USDC loans up to 100,000 across most U.S. states.
- Dogecoin forms a bullish cup and handle pattern while holding support near $0.09, signaling potential upside momentum.
- Technical indicators show steady consolidation, with resistance near $0.10 and upside targets extending toward $0.12 and $0.15.
Dogecoin traded near $0.098 on Thursday, holding above the $0.09 support zone despite a mild market pullback. The meme coin posted a weekly gain of about 6 percent as traders tracked broader consolidation across digital assets. However, the total crypto market value slipped 1.27 percent to $2.3 trillion, reflecting cautious sentiment.
Major cryptocurrencies moved within tight ranges during the same period. Bitcoin, Ethereum, XRP, and Solana all recorded short-term consolidation as traders weighed macro signals. Consequently, price action across altcoins remained measured, with liquidity flowing selectively into assets showing technical strength.
Coinbase expanded its crypto-backed lending program by adding Dogecoin, XRP, Cardano, and Litecoin as collateral options. Qualified users in the United States, except New York, can now borrow up to 100,000 in USDC without selling their holdings. Besides, the exchange facilitates these loans through Morpho on the Base network, allowing faster access to liquidity.
This update builds on Coinbase’s earlier lending support for Bitcoin and Ethereum. Hence, holders of Cardano and Litecoin gain new flexibility to unlock value from their portfolios. Additionally, the move signals growing demand for borrowing tools tied directly to on-chain assets.
Technical Pattern Forms
Dogecoin’s chart now shows a classic cup and handle formation on the four-hour timeframe. The pattern developed after the price dipped toward $0.08 before rebounding to around $0.11. Moreover, the current consolidation along the upper rim suggests traders prepare for a potential breakout.
The Moving Average Convergence Divergence indicator shows early bullish momentum as the MACD line crosses above the signal line in negative territory. Consequently, the setup hints at strengthening buying pressure, though momentum remains moderate. The Relative Strength Index stands near 42, indicating neutral conditions without overbought signals.
Traders continue to monitor resistance near $0.10 as the immediate barrier. A sustained move above this level could open a path toward $0.12 and potentially $0.15 in the short term. However, failure to defend the $0.09 support could trigger renewed downside pressure in the coming sessions.
