Dogecoin (DOGE) has seen a value increase over the past week, driven by increased buying from large investors and higher trading volume. In the last 24 hours, the Dogecoin price rose by 5%, thanks to a clear technical breakout and positive chart patterns.
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Dogecoin Price Breaks Above $0.2
CoinMarketCap data shows that between July 13 and July 14, the Dogecoin price rallied 5%, climbing from $0.205 to $0.2094. This can be attributed to its volume bikes, which recorded a 78% increase
Source: CoinMarketCapFurthermore, CoinGlass data also showed that futures volume surged past $1.48 billion, hitting its highest level this month. This also highlights significant whale movement, driving the price action.
Dogecoin’s price has risen above a key level of $0.205 and has managed to stay there, even when it faced some pullbacks. Strong buyers kept their interest, pushing the price up further to a late surge, which reached above $0.2094.
The Dogecoin price rally coincided with bullish movements across the crypto market. Bitcoin reached a new high of over $121,000, which helped lift the entire altcoin sector and raised its total market value to $2.4 trillion.
At the same time, the altcoin market (reflected by the “Total 2” index) is signaling that a complete bull phase could be around the corner. Analysts argue that the right mix of macro optimism, whale accumulation, and technical strength is building up for altcoins, including Dogecoin.
Notably, Crypto analyst Kaleo recently shared that he’s heard rumors suggesting a Dogecoin ETF may be closer to approval than many believe. Polymarket currently places the odds of a DOGE ETF being approved by the end of 2025 at 75%. Kaleo remains bullish, noting that this number could quickly climb toward 100%.
Experts Predict Bullish Run For The Dogecoin Price
Some experts have projected even further growth in the Dogecoin price. Trader Tardigrade noted that Dogecoin has entered a section of an Ascending Broadening Wedge pattern, which historically can trigger significant upward moves. He further projected that the Dogecoin price could hit $1 in the long term.
Source: XIn the near term, traders are closely watching to see if the Dogecoin price can hold above $0.208–$0.210 and push through the $0.213–$0.215 resistance band. Falling below $0.198 would break the bullish structure. However, so far, volume trends and whale flows suggest that confidence remains strong.
Crypto analyst Carl Moon weighed in on the Dogecoin price outlook as Bitcoin continues its record-breaking run. According to Carl, the immediate target for DOGE is the neckline resistance at $0.24. Should Dogecoin manage to break above this key level, he believes the price could rally sharply toward $0.33.
“Many of you are asking about the future of #Dogecoin as #Bitcoin continues to hit new ATHs!” Carl noted, highlighting the potential for a significant upside move if momentum holds.
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Michael Adeleke
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Why is Dogecoin Up Today?
Dogecoin (DOGE) has seen a value increase over the past week, driven by increased buying from large investors and higher trading volume. In the last 24 hours, the Dogecoin price rose by 5%, thanks to a clear technical breakout and positive chart patterns.
Advertisement Advertisement
Dogecoin Price Breaks Above $0.2
CoinMarketCap data shows that between July 13 and July 14, the Dogecoin price rallied 5%, climbing from $0.205 to $0.2094. This can be attributed to its volume bikes, which recorded a 78% increase
Source: CoinMarketCapFurthermore, CoinGlass data also showed that futures volume surged past $1.48 billion, hitting its highest level this month. This also highlights significant whale movement, driving the price action.
Dogecoin’s price has risen above a key level of $0.205 and has managed to stay there, even when it faced some pullbacks. Strong buyers kept their interest, pushing the price up further to a late surge, which reached above $0.2094.
The Dogecoin price rally coincided with bullish movements across the crypto market. Bitcoin reached a new high of over $121,000, which helped lift the entire altcoin sector and raised its total market value to $2.4 trillion.
At the same time, the altcoin market (reflected by the “Total 2” index) is signaling that a complete bull phase could be around the corner. Analysts argue that the right mix of macro optimism, whale accumulation, and technical strength is building up for altcoins, including Dogecoin.
Notably, Crypto analyst Kaleo recently shared that he’s heard rumors suggesting a Dogecoin ETF may be closer to approval than many believe. Polymarket currently places the odds of a DOGE ETF being approved by the end of 2025 at 75%. Kaleo remains bullish, noting that this number could quickly climb toward 100%.
Source: PolymarketAdvertisement Advertisement
Experts Predict Bullish Run For The Dogecoin Price
Some experts have projected even further growth in the Dogecoin price. Trader Tardigrade noted that Dogecoin has entered a section of an Ascending Broadening Wedge pattern, which historically can trigger significant upward moves. He further projected that the Dogecoin price could hit $1 in the long term.
Source: XIn the near term, traders are closely watching to see if the Dogecoin price can hold above $0.208–$0.210 and push through the $0.213–$0.215 resistance band. Falling below $0.198 would break the bullish structure. However, so far, volume trends and whale flows suggest that confidence remains strong.
Crypto analyst Carl Moon weighed in on the Dogecoin price outlook as Bitcoin continues its record-breaking run. According to Carl, the immediate target for DOGE is the neckline resistance at $0.24. Should Dogecoin manage to break above this key level, he believes the price could rally sharply toward $0.33.
Advertisement
✓ Share:
Trending
Price Analysis
Why is Dogecoin Up Today?
Michael Saylor’s Strategy Surpasses 600k BTC Milestone, MSTR Stock Up
Why Is Pi Network Price Down Despite Migration Milestone
Analyst Predicts 555% Spike for LUNC Price If This Pattern Plays Out
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XRP Price Prediction – Analyst Forecasts Rally to $38 as 7-Year Pattern Signals Breakout
Bitcoin Open Interest Soars to $85B Ahead of US Vote on Clarity Act- Will BTC Price Hit $136,000 This Week?
ADA Price Prediction: Cardano Meme Coins Soar- Analysis Shows $1.2 Is Not Very Far
XRP Price Prediction As Bitcoin Makes News All Time Highs- Is XRP Next?
Whales Buy 700B Shiba Inu As Shibarium TVL Reclaims $2M; Is $0.000030 Next?
 Best Crypto Presales To Invest In July 2025 – Top Upcoming Presale Tokens
 Best Crypto AI Trading Bots In 2025
 Top Meme Coins To Buy In July 2025
 Michael Adeleke
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses. Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.