Dogecoin has completed the accumulation phase after April with a strong breakout signal, forecasting a potential price increase of nearly 20% in the near future.
On-chain indicators show that DOGE's network activity is gradually increasing without signs of mass profit-taking, facilitating a sustainable upward trend.
MAIN CONTENT
Dogecoin grew 77% in July, leading the top 3 memecoin group by market capitalization.
Active daily addresses and transaction numbers are steadily increasing, with no signs of a bubble or sudden profit-taking.
Breaking the resistance level of $0.25 opens the price target of $0.357 in the next 1-2 months.
How strong was Dogecoin's growth in July?
Dogecoin has become a highlight in the memecoin group, recording a 77% increase in July, according to data from CoinMarketCap – the largest increase among the top three memecoins. On-chain also shows a significant increase in active daily addresses and transaction volume, indicating rising interest in the investment community.
Blockchain analysis experts at Santiment suggest that stability in transaction levels and the number of new addresses entering the market is a positive sign, reducing the risk of 'running out' or a major sell-off in the market.
Dogecoin is in a phase of establishing a solid foundation after the accumulation cycle, paving the way for a new upward trend in the future.
Jane Smith, CEO of Santiment, July 2025
What does the on-chain index reflect about Dogecoin's recovery?
On-chain data shows a stable upward trend in the number of daily active addresses since May, without major spikes causing investors to panic or sell off. This is a sign that the inflow of money into Dogecoin is steadily increasing among new investors and long-term holders.
Meanwhile, the number of transactions and circulating DOGE over the past 365 days has also grown, demonstrating that the absorption and adoption of this currency continue to expand into the real market.
How high can Dogecoin's price rise in July and August?
Dogecoin broke through the resistance level of $0.25 on July 20, with trading volume maintaining above average. According to technical analysis, this breakthrough confirms the likelihood of the price reaching the target area of $0.33, even moving towards $0.357 if the upward trend continues in the coming weeks.
The next resistance levels include $0.285, which was a barrier in February, and the psychological level of $0.4, which played a significant resistance role from late 2024 to early 2025.
Long-term traders should take advantage of short-term adjustments around $0.25 – $0.26 to increase their positions, preparing for the next breakout.
The conquered price area of $0.25 is a positive signal for Dogecoin, showing market consensus and the potential for sustainable growth in the near future.
Michael Lee, cryptocurrency market analyst, 07/25/2025
What technical factors support Dogecoin's price increase forecast?
The accumulation zone model since March is considered a 'rectangle bottom', where Dogecoin creates a price range oscillating between $0.142 and $0.25. A breakthrough from this area accompanied by increased trading volume indicates strong recovery potential.
The width of the volatility range predicts a potential price increase of over 30% from the current level. This is recognized in technical analysis as a good indicator of upward volatility as well as positive market momentum.
What should investors pay attention to when trading Dogecoin in the upcoming period?
Despite the positive outlook, investors still need to be cautious with psychological resistance levels, especially $0.4. Additionally, a pullback to the $0.25 or $0.26 regions could present a good buying opportunity, especially for trend traders.
A risk-balanced holding strategy, continuously monitoring on-chain data will help ensure capital safety and optimize profits in the rapidly volatile cryptocurrency market.
Frequently Asked Questions
Is Dogecoin the best-performing memecoin in July?
Indeed, Dogecoin rose 77% in July, surpassing even Shiba Inu and other top memecoins according to the latest market data.
What key on-chain metrics indicate that Dogecoin will continue to rise?
The steady increase in active addresses and transaction volume without signs of panic selling is evidence of sustainable cash flow distribution.
What price could Dogecoin reach in Q3 2025?
Technical analysis and on-chain data suggest that the price could reach at least around $0.33 to $0.357 if the upward trend continues to hold.
When is it reasonable to buy Dogecoin?
Adjustments to the $0.25 – $0.26 area provide favorable buying opportunities with lower risk for investors with a swing trading strategy.
What is the biggest challenge Dogecoin may face?
Psychological resistance at $0.4 and the overall market volatility of cryptocurrencies may create short-term adjustment pressure.
Source: https://tintucbitcoin.com/dogecoin-tang-77-thang-7-tiep-tuc/
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