Key Insights:
- Dogecoin price breaks out, signaling the start of massive bullish momentum
- The third bullish engulfing candle forms, confirming a strong historical pattern
- Parabolic move likely as memecoin momentum builds with volume surge
Dogecoin price has jumped over 10% in the past 24 hours, continuing its recent upward momentum. The token has now exceeded $0.24, sparking optimism among traders and analysts.
This breakout is supported by rising trading volume, strong technical patterns, and increased whale activity. Analysts are predicting additional increases as long as the bullish momentum holds.
DOGE price is shooting up as the overall cryptocurrency sector. In particular, Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), is rallying up, as well.
The mood is shifting positively. Also, the major resistance points are being approached. Investors closely monitor DOGE to see whether it will gain additional upside in the short term.
Analyst Predicts 100%+ Rally for Dogecoin Price
Dogecoin price has reportedly confirmed a breakout above a long-standing trend line on the daily chart. The breakout marks the change in momentum.
According to the analysis shared by the expert, this may trigger a steep bullish rally in the near future. The technical configuration indicates that the DOGE price can jump up to 100-150% if the current speed is maintained.
The meme coin has just broken a falling resistance trendline, in which it has been bouncing with prices. If the rally develops with the current projections, Dogecoin price might experience significant increases within a comparatively short time.
Dogecoin Price Signals Third Bullish Engulfing Breakout
DOGE price has recently activated its third monthly bullish engulfing candle. It’s a construction that is traditionally followed by a massive price run.
A recurring pattern appeared on the long-term Dogecoin chart, which has been seen twice before. Each time, the second and third instances triggered a rapid price rally.
As noted by a technical analyst, this formation displays more or less the same case in the past. That caused significant parabolic rises. The same pattern has been repeated, and a powerful bullish trend is about to begin.
The memecoin market is building fresh momentum, drawing attention to Dogecoin. As anticipation grows, the Dogecoin price appears poised for a potential breakout.
Will Dogecoin Price $0.30 This Month?
Dogecoin price recorded a sharp rally on July 18, 2025, posting a daily gain of over 10%. The meme-inspired cryptocurrency broke through the key resistance level of $0.24, closing at $0.2408.
The bullish momentum sent the token past a previously established supply zone, signaling strong buying interest. Technical indicators confirmed the strength of the breakout.
The Relative Strength Index (RSI) climbed to 78.87, entering the overbought zone. Despite this, bullish sentiment remained intact, hinting at continued upward pressure in the near term.
The next immediate resistance stands at $0.25, a psychological barrier traders closely monitor. If bulls maintain control, the DOGE price could target the $0.30 zone in the coming days.
A further breakout may propel Dogecoin price toward the longer-term resistance level at $0.35. A pullback toward the $0.22 support level remains plausible if momentum weakens.
The derivatives market of Dogecoin has been intensely active as its volume increased by 53% to $15.95 Billion. The increased activity predicts the entry of many funds and shows traders are again interested.
Besides the amount, the open interest has increased by 26.65% to reach $4.02 Billion. The numbers indicate a higher speculative trading and the confidence that investors have in the DOGE derivatives marketplace
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
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