On July 22, 2025, Dogecoin (DOGE) was trading around 0.27 USD, continuing a strong upward trend in July with an increase of nearly 77% compared to the beginning of the month. Previously, on July 21, DOGE surged to nearly 0.29 USD thanks to information that Bit Origin committed to investing 500 million USD in DOGE along with hopes for an approved DOGE ETF (probability ~80%). However, on July 22, the price saw a slight adjustment down to around 0.26–0.27 USD due to profit-taking pressure when the RSI reached an overbought level (~86).

Technical analysis shows that DOGE has broken through the previous resistance zone around 0.25 USD, regaining a new support zone at 0.26 USD. Although the price is expected to decrease slightly by -2.71% on July 23, market sentiment remains strong due to institutional cash flow and demand from whales.

In summary, DOGE is in a phase of strong recovery and forming a solid support zone around 0.26–0.27 USD. Investors should monitor the next resistance level at 0.29–0.30 USD and the probability of a DOGE ETF, as this could be a leverage point to help Dogecoin continue its upward trend in the short term.