DOGE Breaks Main Trend Line, Analysts Predict Price Rise

robot
Abstract generation in progress

Dogecoin has recently surged above the 50-day bearish trend line, sparking optimism among cryptocurrency analysts. The breakout, which occurred in early July 2025, has led to predictions of a potential bull run. Analysts note that this breakout potential could affect the overall sentiment of the cryptocurrency market while monitoring the price trajectory of Dogecoin. The breakout of Dogecoin above the important 50-day trend line has prompted analysts to predict the next bullish level. This technical achievement marks a potential shift in market sentiment, reviving interest in the popular meme cryptocurrency. This enthusiasm is reflected in the statements of experts. For example, as quoted by a cryptocurrency analyst from Mitrade, "Price volatility shows that DOGE has recovered from $0.1565 to a high above $0.1726 after breaking the 50-day trend line." Notably, key figures such as Billy Markus and cryptocurrency analysts have yet to publicly comment on the current bullish trend. However, they still have influence in assessing community sentiment, closely monitoring developments. After this technical change, the value of Dogecoin has increased from $0.1565 to above $0.1726, with market participants now looking towards the possibility of a rise to $0.21. This highlights the growing momentum in the memecoin space. There have been no major developments in terms of organization or chains related to this bullish trend; the main driving force seems to be technical celebrations among traders. Volatility and continued speculation are likely if DOGE breaks above the $0.17 level. Analysts like Trader Edge have noted, "Dogecoin has broken above the 50-day bearish trend line, signaling a potential trend reversal... Analysts are targeting $0.21 if DOGE can reclaim the $0.17 level." Experts predict that this breakout could lead to increased investor interest, which may affect related memecoins like SHIB and PEPE. Historical patterns show that such breakouts have led to notable bullish runs, although future gains remain speculative.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)