Dogecoin Poised for a Sharp Rally Toward Late July, Targeting Up to $0.50

Jakarta, July 23, 2025 – Dogecoin (DOGE) has once again captured market attention as July draws to a close, with a significant surge fueling expectations for a major rally. Based on technical analysis and on-chain data, several experts project that DOGE could climb into the US$0.35–0.50 range, depending on the strength of its breakout and overall market sentiment.

77% Surge in a Month: Whale Activity Boosts the Rally

DOGE began July trading around US$0.15 and has since broken through US$0.27–0.29, marking a 77% increase. Strong whale buying and a spike in daily trading volumes have supported the price surge. On July 21, DOGE’s daily trading volume reached 2 billion units, far exceeding the institutional average of 724 million units.

Technical Indicators: Bullish Double Bottom and Falling Wedge

Analyst Ali Martinez (@ali_charts) identified a bullish double bottom pattern near US$0.18, a formation typically signaling the start of a significant uptrend. The next technical target is projected at US$0.42 by September. Similarly, analyst Chapo believes current momentum could push DOGE into the US$0.35–0.50 range before the end of July.

Short- and Long-Term Projections

• CoinCodex forecasts DOGE at approximately US$0.233 by August 13.

• CoinStats predicts a 16.7% increase to US$0.308 by August 21.

• Crypto News remains bullish, projecting US$0.40 in Q4 2025 and even US$0.60 by 2026.

Caution Ahead: Overbought RSI and Key Support Levels

Despite strong bullish momentum, DOGE’s Relative Strength Index (RSI) is now in the overbought zone (≥70), indicating a potential short-term consolidation or correction. Critical support sits at US$0.25, with deeper retracement risks toward US$0.20–0.22 if the price breaks below US$0.226.

Dogecoin is entering a critical phase heading into late July. With bullish technical patterns, whale accumulation, and positive sentiment, the upside target of US$0.35–0.50 remains within reach. However, investors are advised to remain cautious of possible pullbacks due to overbought conditions and to monitor key support levels closely.