Dogecoin [DOGE] is in an upward trend thanks to increased buying power as the cryptocurrency market recovers.
In the past two weeks, DOGE has recovered strongly, surpassing many important resistance levels, while benefiting from Bitcoin's upward momentum and positive sentiment in the altcoin market.
MAIN CONTENT
Dogecoin has increased nearly 20% in two weeks, outperforming Bitcoin.
Bitcoin's upward momentum creates favorable conditions for Dogecoin and other memecoins.
DOGE is forecasted to continue breaking out to the supply zone of $0.23–$0.25 if demand increases significantly.
What stage of the upward trend is Dogecoin in?
According to daily chart data from TradingView, DOGE has confirmed a bullish market structure by creating higher lows since the end of June. This proves that buyers are in control of the market after the low of $0.142.
The event of Dogecoin breaking through resistance levels of $0.173 and $0.196, which has been a major supply zone since mid-June, has reinforced confidence in the upward trend. According to cryptocurrency analyst Laura Shin (2025), "DOGE is demonstrating strong resilience based on technical support and gradually increasing cash flow from investors."
Dogecoin is proving to have superior resilience during times when Bitcoin is experiencing positive price movements, creating favorable conditions for this memecoin's rise.
Laura Shin, Cryptocurrency Analyst, 07/2025
How does Bitcoin's upward trend affect Dogecoin?
Bitcoin recorded an increase of $11,000 after escaping the descending channel last week, with on-chain indicators showing that the market is not overbought. This situation provides a favorable environment for altcoins like DOGE.
In the past 2 weeks, Bitcoin has increased by 8.75% while DOGE has risen nearly 20%, reflecting the better benefit of memecoins from positive sentiment. A report from the analytics firm Glassnode (2025) indicates that "Long-term Bitcoin holders are increasing their buying, indirectly supporting capital flows to altcoins in the memecoin group."
What is a good buying opportunity for Dogecoin?
The liquidity heatmap data from CoinGlass shows that DOGE has strong support at the $0.19 level and an important liquidity zone at $0.23. This suggests that the $0.19 area could be a bounce point for DOGE to continue its upward momentum, aiming to test the supply zone around $0.23–$0.25.
However, traders need to be aware of the potential reversal when DOGE reaches the range high. Only when there are clear breakout signals and a successful retest of the $0.25 level will the market confirm a sustainable upward trend. Therefore, a strategy of closely monitoring price movements and applying risk management is necessary.
"Investors should be cautious when DOGE approaches the supply zone of $0.25, avoiding entering positions until a breakthrough is confirmed, to limit the risk of reversal."
James Wu, CEO of a cryptocurrency exchange, 07/2025
Below is a comparison table of the growth rates of Dogecoin and Bitcoin over the past 14 days:
Currency Growth Rate (%) Major Resistance Level Short-Term Outlook Dogecoin (DOGE) 19.7 0.173 USD – 0.196 USD – 0.25 USD May continue to rise if it surpasses 0.25 USD Bitcoin (BTC) 8.75 Above the descending channel, has surpassed $11,000 In a solid upward trend
Frequently Asked Questions
Should you buy Dogecoin when the price is at $0.19? The $0.19 area is considered a good support level, suitable for long-term investors, but it is necessary to watch for confirming price signals. Does Dogecoin depend heavily on Bitcoin's movements? Dogecoin often benefits from Bitcoin's upward momentum due to positive market sentiment, but still has its own fluctuations. What is the next resistance level for Dogecoin? The next important supply zone is $0.23–$0.25, which poses a significant challenge for DOGE's rise. How to trade Dogecoin safely in the current phase? Investors should watch for breakout signals and retest the target price area, combined with reasonable risk management before opening positions. Will Bitcoin's rise last in the short term? On-chain data indicates that BTC is not overbought, and there is a basis for continued growth in the short term.
Source: https://tintucbitcoin.com/dogecoin-tang-gia-muc-tieu-025-usd/
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