Dogecoin News Today: Dogecoin Surges 6.15% as Historical Pattern Suggests 44,447.76% Gain

Dogecoin (DOGE) is currently exhibiting a repeating cycle pattern that has historically preceded significant price rallies. The cryptocurrency is in a phase that analysts have identified as the "final blue phase," which has been observed in previous market cycles. This phase is characterized by a breakout from a descending wedge followed by a steady climb within an upward price channel.

According to analysis by Bitcoinsensus, Dogecoin is forming the same geometrical structure seen in past bull cycles. In the 2017 and 2021 cycles, Dogecoin saw gains of 5,800% and 21,000% respectively, following similar setups. The current formation shows strong resemblance to those cycles in terms of structure and timeframes. Historical movement suggests that DOGE may rise as high as $7.21, representing a projected 44,447.76% increase from its recent base trend.

As of mid-July 2025, Dogecoin’s trading activity continues to rise. DOGE recorded a 6.15% price increase in the past 24 hours, with a market cap of $31.84 billion. Trading volume surged by 81.09%, reaching $3.38 billion, reflecting strong market engagement. This pattern of volume spikes is often seen before trend continuations, and analysts are closely monitoring for confirmation of a breakout phase.

Dogecoin ranks as the 8th largest cryptocurrency by market capitalization. Its circulating and total supply stands at 150.13 billion DOGE. Between 4:00 AM and 8:00 AM UTC, several price surges created intraday highs. The consistency of this pattern has drawn attention from both retail and institutional traders. Observers suggest that, while no prediction is guaranteed, the recurring geometry offers context for current price behavior.