The long-term projections suggest the memecoin may have reached the lowest range, and hence, a sustained upswing could follow
Dogecoin is back in the spotlight this July as renewed market optimism, ETF chatter, and a wave of social media hype give the popular meme coin a fresh jolt of momentum. As Bitcoin edges toward new highs and altcoins follow suit, DOGE price has climbed steadily, capturing attention with its trademark blend of community power and price volatility. Beyond memes, Dogecoin is benefiting from rising speculation around potential ETF inclusion, along with broader adoption through social media platforms and integrations.
The question now: Is Dogecoin preparing for another breakout or just enjoying a temporary revival?
The excitement around a potential Dogecoin ETF is growing rapidly in 2025 as major asset managers like Grayscale, 21Shares, and Bitwise file applications with the SEC. The recent delays by the authorities have not dimmed optimism, with some of the analysts assigning a 90% chance of approval by the year-end. Therefore, if approved, it could unlock institutional interest with an increase in liquidity and legitimise the memecoin within the broader financial system.
The next key date is August 17, 2025, when the SEC is expected to respond to the 21Shares application. DOGE has already seen bullish sentiment, driven by speculation surrounding this ETF. With the success of Bitcoin and Ethereum spot ETFs setting a precedent, Dogecoin could be the next in line for mainstream adoption.
If the short-term fractals are kept aside, the long-term price action displays huge potential for a continued ascending trend. After the latest rejection from a resistance zone between $0.2180 and $0.2327, the bulls are trying hard to elevate the levels back above $0.2, but the bears seem to have capitulated the range just below the resistance.
The weekly chart analysis suggests the price has held the ascending trend line as a strong support and recently triggered a rebound. Besides, the weekly MACD, which has been within the negative range since the start of the year, displays a drop in selling volume and pressure. Meanwhile, the weekly DMI is about to turn bullish as the conversion line and base line are heading for a bullish crossover.
Interestingly, the weekly candle has just turned into a bearish Doji, and historically, this has been followed by a range-bound consolidation, a small pullback and a massive rise. Therefore, the Dogecoin (DOGE) price is expected to remain compressed between $0.165 and $0.177 for a while, followed by a strong rise to the resistance zone between $0.218 and $0.232. A breakout from this range could help the price to achieve $0.25.
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