**SPAR Switzerland Begins Accepting Dogecoin Payments, Marking a Major Step for Crypto Adoption in Europe**
SPAR Switzerland has started accepting Dogecoin (DOGE) payments in select stores across the country, making it one of Europe’s first major retailers to adopt the cryptocurrency for everyday purchases. Shoppers can now pay for groceries and essentials using DOGE through a secure crypto payment system. The company stated that this decision reflects its commitment to flexible payment options and innovation.
Dogecoin’s low transaction fees and fast processing times make it suitable for small, everyday transactions, aligning with SPAR’s focus on customer convenience. Crypto analyst Crypto News Hunters highlighted this development as a significant step toward mainstream cryptocurrency adoption, moving DOGE from a digital novelty to a real-world payment method.
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**Dogecoin Market Snapshot**
– Current Price: $0.1976
– 24-Hour Gain: 4.35%
– Market Capitalization: $29.81 billion
– 24-Hour Trading Volume: $554.9 million (up 35.79% compared to the previous day)
– Weekly Gain: 4.71% despite some daily fluctuations
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**Technical Analysis: Potential Breakout on the Horizon**
Several technical analysts have identified promising chart patterns that suggest a potential bullish breakout for Dogecoin.
**Cup-and-Handle Formation**
Crypto analyst Elite Crypto has spotted a cup-and-handle pattern appearing on DOGE’s charts, which typically precedes bullish price movements. This pattern indicates a possible move toward the $0.50 level if momentum continues to build. The price is currently in an accumulation phase, where long-term investors are positioning themselves. Analysts believe any dip below $0.155 could serve as a good entry point, as past accumulation periods often lead to expansion phases.
**Double Bottom Pattern**
Market analyst Trader Tardigrade has observed a double bottom formation on the daily chart, a pattern commonly marking the end of a downtrend and signaling the start of recovery. The two well-defined lows sit around the $0.175 to $0.18 support zone, showing that buyers have defended this level twice, establishing a foundation for a potential trend reversal.
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**Key Technical Levels and Indicators**
– The neckline of the double bottom pattern is near $0.215. A daily close above this level would validate the pattern and could trigger a rally toward $0.24 – $0.25.
– On the weekly chart, the price has fallen through the 20-EMA at $0.2238 and 50-EMA at $0.2144, indicating short-term bearish sentiment and diminishing upward momentum.
– Main support levels are around $0.19 and $0.155.
– Strong resistance exists between $0.22 and $0.23.
– The MACD indicator is showing fading bullish momentum, with lines approaching a bearish crossover.
– The RSI currently stands at 46, reflecting declining buying strength and movement toward neutral territory.
Dogecoin is currently consolidating and correcting within a tight price range, awaiting either a technical confirmation or a market catalyst to propel movement. The double bottom pattern’s “W” shape appears clean and technically sound, as noted by analysts.
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**Market Sentiment and Outlook**
DOGE often reacts to social media activity, high-profile endorsements, and broader cryptocurrency market trends—particularly those influenced by Bitcoin. Market sentiment at present is cautiously optimistic, supported by improving liquidity and moderate trading volumes.
With SPAR Switzerland embracing Dogecoin as a payment option, the cryptocurrency’s real-world utility continues to grow, potentially fueling increased adoption and stronger market dynamics in the months ahead.
https://coincentral.com/dogecoin-price-rebounds-as-spar-switzerland-begins-accepting-doge-in-select-stores/