Dogecoin Breaks 50-Day Trendline, Price Surges 17%

On July 1, 2025, Dogecoin (DOGE) broke above a key 50-day descending trendline, sparking significant interest and optimism among market participants. This technical breakout was highlighted by Trader Tardigrade, who noted the formation of higher highs and higher lows on the daily chart, patterns that often precede significant upward moves. The breakout has shifted the momentum in favor of the bulls, suggesting that Dogecoin could be on the verge of a major rally.

Following the breakout, DOGE's price has risen and is attempting to maintain a position above $0.17. Market activity has been reported as elevated, with analysts considering this a potential catalyst for further gains. The crypto community is actively observing this trendline breakout, with speculation abounding on whether this event heralds a repeat of Dogecoin's historical short-term increases during similar technical events. Analysts advocate caution but suggest readiness for substantial fluctuation.

The breakout has been supported by strong volume during early July trading hours, indicating growing buyer interest. According to the analysis, Dogecoin has completed a bullish bat reversal with a double bottom pattern and is currently oversold on the daily chart, indicating a potential reversal zone. However, for this positive structure to hold, Dogecoin must decisively clear the $0.17 resistance level. A break above this mark could invalidate the broader downtrend that has gripped the coin since May.

Seasoned trader Trader Tardigrade noted that Dogecoin has breached a downward trendline that persisted for over 50 days. This breakout has shifted technical momentum in favor of the bulls. The analyst highlighted new “higher high” and “higher low” formations on DOGE’s daily chart, which often precede significant upward moves. “A second higher low would confirm a trend reversal,” he stated, pointing to a potential long-term bull run. Historical data from 2017 and 2020 backs this pattern, with similar ADX signals preceding major rallies. If history repeats, Dogecoin could soar far beyond its previous highs.

Adding to the optimism, crypto strategist Kaleo shared a comparative weekly chart suggesting that Dogecoin price prediction 2025 might mirror its 2020 parabolic run. In his annotated TradingView post, Kaleo pointed to two large falling wedge formations: the first led to DOGE’s rally from $0.003 to $0.75, while the current wedge seems to be approaching a similar resolution. The wedge structure—characterized by lower highs and compressed volatility—has begun to break upward. DOGE recently posted higher highs at $0.22 and $0.48 earlier this year, aligning with Kaleo’s roadmap. He notes that if the current breakout continues to track the 2020 pattern, Dogecoin could initially surge to $0.55 before a consolidation phase, potentially extending toward $3.50.

Despite the bullish momentum, resistance around $0.17 remains a critical barrier. Ali Martinez, a prominent technical trader, highlighted the significance of this level, stating that a close above $0.17—paired with a Tom DeMark (TD) Sequential buy signal—could push Dogecoin to $0.21 in the near term. Whale activity and on-chain volume spikes have also been noted around current price levels, suggesting that large investors are beginning to accumulate. According to trading data, volume surged past 6 million tokens during short intraday windows on July 2—another signal of increased market confidence.

The question “Will Dogecoin reach $1?” continues to dominate investor conversations. Based on current Dogecoin predictions, a breakout above $0.17 could serve as the first serious step in that direction. However, reaching the $1 threshold will likely depend on broader market conditions, including overall crypto liquidity and external macroeconomic factors. While immediate upside projections are cautiously optimistic, long-term Dogecoin projections—such as those shared by Kaleo and Trader Tardigrade—suggest that the meme coin could revisit or surpass previous all-time highs. Whether that leads to a move to $1 or beyond remains to be seen, but the foundation appears to be taking shape.

As the meme coin market regains traction, Dogecoin is flashing multiple bullish signals: a double bottom breakout, a falling wedge resolution, and increased whale accumulation. Analysts believe that DOGE could be on the verge of a major rally, especially if it conquers the $0.17 resistance zone. With historical patterns, technical breakouts, and trader sentiment aligning, the Dogecoin price prediction narrative is turning increasingly positive. While short-term volatility remains a risk, the long-term Dogecoin potential could make current levels an attractive entry point for risk-tolerant investors. Whether DOGE can hit $1 again—or even exceed it—is still uncertain. But as momentum builds, one thing is clear: Dogecoin is no longer just a meme. It’s a market force to be reckoned with.