Dogecoin once again attracted attention with an incredible recovery in the second week of July 2025. As Bitcoin reached a new all-time high (ATH) of $118,340, DOGE also kept pace, breaking a significant technical pattern. With the optimism of experts and political headlines fueling it, is a DOGE price super cycle about to begin?
Technical Breakthrough: Discount Channel Broken in Dogecoin
On the daily timeframe of Dogecoin's price, it shows a clear descending channel that has dominated its price action since the beginning of 2025.
This cryptocurrency has tested the lower support threshold near $0.15 multiple times and has finally made a spectacular breakout above the upper trend line of the descending wedge pattern this week. Currently, Dogecoin is trading near $0.198 with a market capitalization of $30.03 billion. The price has surpassed both the 20-day EMA and the 50-day EMA, which is an important bullish signal, and is gradually breaking above the long-term 200-day EMA.
Contributing to this surge, the Relative Strength Index (RSI) has skyrocketed to 65.55, nearing the overbought territory but still indicating potential for further price increases. Historically, breakouts from such descending wedge patterns often mark the beginning of a strong upward trend, especially when confirmed by trading volume and correlation.
Strong Correlation of Bitcoin Fuels Price Surge
The main driver behind DOGE's current growth momentum is a price correlation coefficient of 0.69 with Bitcoin over the past 30 days. As BTC enters a price discovery phase after surpassing the $118,000 mark, DOGE also reflects this optimism.
Altcoins have a history of price increases following a significant volatility of Bitcoin. A similar pattern is currently unfolding, with DOGE's price breaking through long-standing resistance areas as BTC continues to maintain its dominant position. The next resistance level is between $0.25 and $0.30, while the broader target for July could be near $0.40, if the upward momentum continues.
Oliver D Maximus: "DOGE Cryptocurrency is Money"
Cryptocurrency analyst Oliver D. Maximus has stated that "DOGE is indeed money" and predicts a super cycle is imminent. He emphasizes that Dogecoin is approaching a critical weekly resistance level, and once broken, it could trigger entry into what he calls the "Green Time Cycle," understood as a period of explosive growth.
Strengthening Political Sentiment: DOGE in Defense Headlines
In a surprising turn of events, U.S. Secretary of Defense Pete Hegseth mentioned DOGE in a post announcing on July 11 on X, related to defense production.
He clearly stated that the U.S. is ramping up domestic drone production to respond to increasing geopolitical threats, highlighting that President Trump's executive order in June paved the way for U.S.-made products across all sectors.
This not only helps Dogecoin gain wider recognition but also solidifies its position as a meme-supported asset with deep cultural integration. This also boosts retail sentiment and increases speculative attention. $DOGE