Key Takeaways
- DOGE price breaks out above $0.27 for the first time in five months as market rallies.
- Whales accumulate DOGE as the current price advances ahead of its rally to $0.5, with the market exhibiting more bullish price action.
- Crypto experts and technical analysis of DOGE suggest bullish price action, targeting key highs of $ 0.50 and above.
Following the recent acceptance of the “Genius Act”, the cryptocurrency market has seen significant market price action over the last couple of days, with crypto assets posting impressive double-digit gains.
Sunday’s market opening pump saw the likes of Ethereum, Solana, and Dogecoin (DOGE) experience a significant price rally ahead of the week, with a potential breakout from its long-standing price range.
Dogecoin (DOGE) has garnered significant attention in the cryptocurrency market over the past few hours, as its price trades above $0.26 for the first time in months, following a more than 70% price decline since February 2025. Crypto experts suggest that the King of memecoins could be ready for a price pump.
Dogecoin is not the only cryptocurrency experiencing a surge in interest currently, as the market over the last few days has seen an increase in investor and trader activity in the space.
Crypto Market Reaction For the Week
Crypto Market Rally – Source QuantifyCrypto
According to data from CoinMarketCap, the cryptocurrency market has experienced a strong rally, with a cumulative market capitalization of over $3.96 trillion in the last few days and a volume of over $197.3 billion so far, demonstrating strong buying interest across the market.
A larger percentage of this market rally is attributed to top crypto assets, such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and others, which are sustaining the current market narratives to the upside.
Ethereum has bridged the $3,700 price, as the price is headed to $4,000 and possibly $5,000 before the end of July, gaining a strong market price prediction of a potential $10,000 before the end of 2025.
While Ethereum and other altcoins have demonstrated a surge to the upside, Dogecoin (DOGE) has gained strong attention in the last few days following a bullish price breakout above $0.27 as speculation by top crypto experts hints at a potential rally to $0.5 and $1.
Top crypto expert Ali Martinez took to X (formerly Twitter) to analyze the current market potential of DOGE following a strong price breakout to the upside of $0.26, suggesting that the price of DOGE could rally towards $0.4 in the coming weeks.
The current price action for Dogecoin is not a coincidence, as technical analysis and other indicators have suggested a bullish market dominance, with the price expected to move to higher key points in the long term.
DOGE Technical Analysis
DOGE 1D Market Price Action – Source TradingView
Current price action for DOGE on the daily timeframe suggests a clear market breakout to the upside following a lengthy price range around $0.16 to $0.25, as in previous months DOGE struggled in price accumulation.
Following its breakout above $0.27 for the DOGE price, there are strong price indications on the higher timeframe that the price will initiate a rally towards a key highhigh of $0.5 in the coming weeks and a potential price rally to $1, based on market expectations for months.
If the price of DOGE trades around $0.5 by September, the price of the memecoin King could be on track for a potential price target of $1 before the end of 2025. However, overall market price action for DOGE is an upside rally towards $ 0.50.
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