#GENIUSAct Why Dogecoin Is Rising

Technical breakout & bullish chart patterns

DOGE has formed a classic double-bottom and broken out of a long-term descending channel. Analysts suggest a potential rally to $0.42 by September—an ~80% gain from the current ~$0.23 level .

On‑chain & market momentum

Whales have accumulated over 1 billion DOGE in the past 48 hours. Futures open interest and spot volumes are rising, signaling renewed investor enthusiasm .

Market-wide meme‑coin resurgence

DOGE is leading the meme‑coin rally—up ~6–7% in the past day and ~18% on the week—alongside tokens like PEPE and SHIB .

Crypto‑friendly policy tailwinds

Gains in DOGE and broader crypto markets are partly tied to positive regulatory developments like the Genius Act and stablecoin clarity .