Dogecoin, the meme-inspired cryptocurrency that never ceases to surprise, has once again captivated the market’s attention. As of July 11, 2025, DOGE has surged past the $0.18 threshold, flirting tantalizingly close to the $0.20 mark. This latest rally comes amid a broader upswing in the cryptocurrency sphere, with heavyweights like Bitcoin and Ethereum also experiencing upward momentum. As explored in our recent coverage of Ether and Dogecoin leading crypto gains, this surge signals a ‘prime’ breakout chance for the market.
The Bullish Trajectory
The present ascent began with Dogecoin breaking through the $0.1750 and $0.1800 barriers, a move that has been eagerly watched by traders. Currently, DOGE is trading comfortably above $0.1880, buoyed by the 100-hourly simple moving average—a technical indicator that traders often look to for confirmation of bullish or bearish trends.
Market analysts are eyeing a bullish trend line forming with support at $0.1910 on the hourly DOGE/USD chart, sourced from Kraken. This is more than just a technical observation; it represents a psychological level that could dictate the coin’s immediate future. A clear breakout above the $0.1980 and $0.20 resistance levels might propel Dogecoin even higher, possibly towards $0.2050 and beyond.
Resistance and Support Dance
The path to $0.20 is not without its hurdles. Immediate resistance is seen at $0.1980, a mere whisper short of the coveted $0.20. Should DOGE manage to close above $0.2050, it could set the stage for a rally towards $0.2200. And if the bullish momentum holds, some optimists suggest the $0.2500 milestone might not be out of reach.
However, it’s not all sunshine and moonshots. Should Dogecoin fail to vault over the $0.20 barrier, a downside correction is on the cards. Initial support is pegged at $0.1910, with a more substantial safety net around the $0.1820 level, aligning with the 50% Fibonacci retracement of the recent upward swing. A dip below $0.1780 could see the price cascading further to $0.1750 or even $0.1720.
The Bigger Picture
Dogecoin’s recent movements are a microcosm of broader market trends. Its journey from a $0.1660 low to the current high of $0.1992 mirrors the volatility that has characterized cryptocurrency markets—where fortunes can be made or lost in the blink of an eye. While the hourly MACD suggests gaining momentum in the bullish zone, and the RSI stands above the 50 level, signaling bullish momentum, seasoned traders know too well that markets are fickle. A recent article on Dogecoin’s 6% pop leading major gains highlights similar trends as Bitcoin nears $110K on fresh rate-cut optimism.
According to crypto analyst Jenna Brooks, “Dogecoin’s ability to capture market interest is as much about its community-driven ethos as it is about technicals. Investors are drawn to its unpredictable charm, but they should brace for the inevitable ebbs and flows.”
What Lies Ahead?
As Dogecoin dances on the precipice of $0.20, the community and investors alike are abuzz with speculation. Can this momentum carry DOGE over the line, or will it stumble and retrace its steps? The answers will likely unfold in the coming days, with traders keeping a close watch on resistance levels and market signals.
Dogecoin’s future is as uncertain as ever—raising questions about whether this trend can continue or if a pullback is imminent. Regardless of the outcome, one thing is clear: Dogecoin remains a force to be reckoned with in the crypto world, a testament to its enduring appeal and the vibrant community that champions it.
Source
This article is based on: Dogecoin (DOGE) Rockets to $0.20 — Can It Go Even Higher?
Further Reading
Deepen your understanding with these related articles:
- Dogecoin, Solana, Ethereum Drive Crypto Markets Higher as Bitcoin Stays Flat
- Crypto Traders Shrug Off Dormant Bitcoin Whale Moves, With Profit-Taking on XRP, DOGE, SOL
- Shiba Inu Smashes Triangle Pattern Against Bitcoin, But Looks Weak Against Dogecoin
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
