Can Dogecoin Break Resistance and Ignite a New Bull Run This Month?

Dogecoin has stabilized near $0.17 after rebounding from recent lows, building strong support at the $0.166-$0.167 zone. Technical analysis reveals DOGE is coiling within a bullish channel, with the price action tightening below the $0.175 resistance.

The 50-day and 200-day exponential moving averages (EMAs) are converging near this range, creating a critical test for momentum.

Volume patterns show accumulation by large holders, and a higher low has formed, suggesting the groundwork for a bullish continuation.

If DOGE can decisively clear $0.175, the next upside targets are $0.192 and $0.205, with further potential toward the local high of $0.215 seen in June.

Market Sentiment and Whale Activity Fuel Optimism

Whale activity has spiked in July, with significant inflows and accumulation supporting the current recovery. This surge in large transactions typically precedes heightened volatility and can amplify upward moves if resistance breaks.

Market sentiment has shifted more bullish, with traders closely watching for a breakout above $0.175 to confirm the next leg higher.

Analysts remain cautiously optimistic, noting that Dogecoin’s price often responds quickly to meme-driven buzz and broader crypto market trends.

A stable Bitcoin and renewed retail interest could provide the catalyst needed for DOGE to accelerate toward $0.20 and beyond.

Did you know?
Dogecoin was created as a joke in 2013 but has since become a top ten cryptocurrency by market cap, with a passionate global community and frequent celebrity endorsements.

Short-Term Forecasts Highlight Key Levels

Short-term projections for July 2025 suggest DOGE could see a push toward $0.190-$0.205 if bulls reclaim resistance at $0.175. Several models show a possible dip toward $0.163 before a rebound, but the overall bias shifts bullish if price and volume confirm a breakout.

A failure to hold above $0.155, however, could trigger a deeper retracement to the $0.138-$0.127 demand zone.

Medium-term forecasts remain positive, with some analysts predicting DOGE could test $0.25 by month’s end if momentum persists and the crypto market stays supportive.

ALSO READ | Dogecoin Faces Key Resistance as On-Chain Data Flags Three Major Levels

Long-Term Outlook Remains Upbeat

Looking beyond July, Dogecoin’s price predictions for 2025 are broadly optimistic. Some analysts see the potential for DOGE to reach $0.33-$0.55 by year-end, with even higher targets possible if adoption and meme momentum return.

For the next five years, projections range from $1.07 to as high as $3.03, reflecting continued faith in Dogecoin’s brand and community appeal.

Despite its volatility, DOGE remains one of the most watched and traded cryptocurrencies, with a loyal following that often drives sudden price surges.

Risks and What Could Derail the Rally?

While technicals and sentiment favor a bullish scenario, risks remain. A break below $0.155 would undermine the bullish setup and could lead to a retest of much lower support.

Broader crypto market weakness, negative news, or fading retail interest could also stall any rally. Traders should monitor volume, whale activity, and key resistance levels for early signs of trend reversal or breakout failure.