Dogecoin News Today: Dogecoin Surges on Bullish MACD Crossover Holds Above 50-Day SMA Amid 500-610% Rally Outlook

Dogecoin (DOGE) is showing signs of sustained upward momentum, supported by bullish technical indicators and strong investor sentiment. As of July 2025, the cryptocurrency is trading at $0.238, with a bullish Moving Average Convergence Divergence (MACD) crossover confirming renewed buying pressure. The price remains above critical support levels, including the 50-day and 200-day Simple Moving Averages (SMA), which act as dynamic floors. Analysts note that a sustained move above the 50-day SMA at $0.19 is crucial for maintaining the uptrend [1]. The long-term ascending trendline, which has acted as support since 2023, further reinforces the bullish structure [2].

The MACD crossover, a key momentum indicator, has historically preceded significant price rallies in Dogecoin. Current conditions suggest buyers are gaining control, with the indicator signaling a shift from bearish to bullish momentum. If the price holds above the $0.234 support level, the next immediate target is $0.241. Broader projections suggest a potential 500%-610% rally toward the $0.60-$0.70 range, based on historical patterns from 2024 to mid-2025 [3]. Bitget’s speculative forecasts align with this optimism, projecting gradual gains to $0.2422 by July 2025, $0.2432 in August, and $0.2474 by December 2025 [4].

Market fundamentals also support the bullish outlook. Dogecoin’s market capitalization remains robust at $35.82 billion, while 86% of the community holds a bullish stance, reflecting strong confidence in its future trajectory [5]. The 24-hour trading volume, though slightly reduced, remains at $1.57 billion, indicating active participation in the market. However, risks persist if the price breaks below the 50-day SMA. A decline below $0.19 could trigger a retest of the 200-day SMA at $0.22, challenging the current uptrend [6]. Traders are advised to monitor these levels closely, as a breakdown would signal a shift in market sentiment.

The broader cryptocurrency market context adds nuance to Dogecoin’s performance. While macroeconomic factors like the US-EU trade deal have boosted risk-on sentiment across the sector, Dogecoin’s trajectory is more directly tied to its technical structure. The coin’s resilience above the 50-day SMA, despite a recent pullback to $0.23, highlights its independence from broader altcoin volatility. A sustained move above $0.24 could attract speculative buying, particularly if the 7-day SMA continues to act as a ceiling. Conversely, a failure to hold above $0.19 could invite bearish traders to short the pair, increasing downward pressure [5].

Investors should remain cautious as the market navigates critical junctures. The convergence of technical indicators and community confidence suggests a high probability of consolidation above $0.23, but price action will ultimately determine the sustainability of the uptrend. For now, the alignment of bullish momentum and key support levels paints a promising outlook for Dogecoin, with the $0.60-$0.70 resistance zone serving as the primary focus for long-term gains.

Sources:

[1] Blockchain

https://blockchain.news/postamp?id=20250728-dogecoin-doge-retreats-to-023-after-breaking-key-resistance-technical

[2] Coinotag

https://en.coinotag.com/dogecoin-shows-potential-for-continued-uptrend-amid-bullish-macd-and-strong-support/

[3] Coinotag

https://en.coinotag.com/dogecoin-shows-potential-for-continued-uptrend-amid-bullish-macd-and-strong-support/

[4] Bitget

https://www.bitget.com/price/dogecoin/price-prediction

[5] FXStreet

https://www.fxstreet.com/cryptocurrencies/news/fartcoin-jupiter-pumpfun-lead-the-crypto-market-pullback-as-bullish-momentum-fades-202507290239

[6] Coinotag

https://en.coinotag.com/dogecoin-shows-potential-for-continued-uptrend-amid-bullish-macd-and-strong-support/