Dogecoin Surges 10% Breaking 50-Day Bearish Trendline

Dogecoin has recently broken above its 50-day bearish trendline, sparking optimism among analysts who predict a potential rally. This technical achievement marks a potential shift in market sentiment, reviving interest in the popular meme cryptocurrency. The breakout, which occurred in early July 2025, has led to predictions of a potential price rally. The cryptocurrency has shown signs of bullish momentum, with a double bottom pattern and a breakout above the $0.16 level, reversing Monday’s slide and reclaiming lost ground. This pattern, typically seen as a bullish reversal signal, was backed by strong volume during early July trading hours, indicating growing buyer interest. Dogecoin has completed a bullish bat reversal with a double bottom pattern and is currently oversold on the daily chart, suggesting 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.

Following this technical shift, Dogecoin's value rose from $0.1565 to above $0.1726, with market participants now eyeing a potential ascent to $0.21. It highlights the evolving dynamics within memecoin sectors. The 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, a crypto strategist shared a comparative weekly chart suggesting that Dogecoin price prediction might mirror its 2020 parabolic run. In his annotated post, he 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 the 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. “Dogecoin under 20 cents is free,” he summarized, underscoring what he views as a high-reward, low-risk opportunity at current levels. The breakout also aligns with the post-Bitcoin halving environment—a factor that played a major role in previous Dogecoin rallies.

Despite the bullish momentum, resistance around $0.17 remains a critical barrier. A prominent technical trader highlighted the significance of this level, stating that a close above $0.17—paired with a 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.

Experts predict that this breakout might lead to increased investor interest, possibly affecting related memecoins like SHIB and PEPE. Historical patterns indicate such breakouts have led to notable price rallies, though future gains remain speculative. The question “Will Dogecoin reach $1?” continues to dominate investor conversations. Based on current 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 projections 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 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.