DOGE Price Prediction: Market Returns to Green Zone, Eyes on $0.2250-$0.23 Area

DOGE price falls 1.18% in the last 24 hours, but may continue upward to its nearest resistance by tomorrow. The longer time frame shows a false breakout of the support of $0.2157, potentially leading to a bounce back to $0.2250-$0.23. Sideways trading in the $0.21-$0.25 zone is also possible. DOGE is currently trading at $0.2203.

Title: Dogecoin Holds Above $0.20 Amid Market Weakness and ETF Filing

Dogecoin (DOGE) has been holding firm above the $0.20 mark despite broader market weakness and a recent decline of 1.18% in the last 24 hours. The cryptocurrency is currently trading at $0.2203, as of July 2, 2025. Technical analysts have highlighted a potential bounce back to the $0.2250-$0.23 range, suggesting a possible reversal from the recent false breakout of the $0.2157 support level.

The recent filing by Grayscale to launch a spot Dogecoin ETF, naming Coinbase as its prime broker, has injected renewed optimism into the meme coin's price outlook [1]. This ETF filing, which follows a 240-day SEC review period, has been seen as a positive development for Dogecoin's market visibility and liquidity. Additionally, traders have noted that Dogecoin is maintaining higher lows and keeping the breakout target of $0.6533 alive, which could open the path toward $1.25, representing a potential 170%+ gain [1].

Over the past 24 hours, $17.6 million in DOGE liquidations occurred, with $14 million of which being long positions, indicating traders are positioned for a potential pump. The growth in Dogecoin wallets across all ranges suggests increasing accumulation, further supporting the bullish sentiment [1].

However, the longer time frame shows a false breakout of the support of $0.2157, potentially leading to a bounce back to $0.2250-$0.23. Sideways trading in the $0.21-$0.25 zone is also possible. The current price of DOGE is $0.2203, and traders are closely monitoring the market for any signs of a potential rebound.

In the medium to long term, some analysts predict a potential drop in the price of Dogecoin. According to a recent price prediction analysis, the price of Trump Doge (TRUMPDOGE) is predicted to drop by -25.08% and reach $0.0₁₀1106 by September 18, 2025 [2]. However, these predictions should be taken with caution, as cryptocurrency markets are highly volatile and subject to significant price fluctuations.

In conclusion, while Dogecoin has shown resilience in the face of market weakness and a recent decline, the potential for a bounce back to the $0.2250-$0.23 range remains a possibility. Investors should closely monitor the market for any signs of a potential rebound and consider the long-term price predictions with caution.

References:
[1] https://www.benzinga.com/crypto/cryptocurrency/25/08/47188192/dogecoin-holds-above-20-cents-as-grayscale-seeks-sec-approval-for-spot-doge-etf
[2] https://coincodex.com/crypto/trump-doge/price-prediction/