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The Future of Dogecoin: Is Breaking Through the Key Resistance of 0.25 Dollars Leading to a 1 Dollar Target?
In the past week, the Crypto Assets market has been swept up in a "meme storm," with the original Dogecoin (DOGE) at the center of the storm. Since mid-July, the price of DOGE has strongly broken through a months-long consolidation range, decisively standing above the psychological barrier of $0.25, peaking at $0.287, with a weekly rise of up to 37%.
The trading volume has surged by 56%, with a transaction amount exceeding 6.1 billion USD within 24 hours. The market greed index has risen to 72, indicating that investor sentiment has entered the "greed" zone.
##Price Surge and Market Turning Point
The shift in market sentiment is no coincidence. On July 19, Dogecoin completed a months-long "Cup and Handle Pattern" breakout, with a technical measurement target pointing to $0.32. This classic bullish pattern confirmed a change in market structure—the dominance has officially shifted from bears to bulls.
The more critical driving force comes from regulatory breakthroughs. In late July, U.S. President Trump signed the GENIUS Act, establishing a clear regulatory framework for digital assets. The clarification of policies instantly ignited capital enthusiasm, with funds spilling out of Bitcoin and flowing into high Beta assets like DOGE.
The actions of institutions are equally intriguing. Nasdaq-listed company Bit Origin (ticker: BTOG) has announced plans to include DOGE in its corporate treasury reserves, becoming the first publicly listed company to make a meme coin a core asset. This has caused a stir, with on-chain data monitoring showing that whale addresses have crazily accumulated 1.08 million DOGE within 48 hours, and over 1 billion tokens have been accumulated by whales in a similar timeframe.
##Technical Indicators and Rising Momentum
Although the relative strength index (RSI) of DOGE has risen to 68-70, approaching the overbought zone, the trend is still expected to continue if the price can maintain above the key moving averages.
Ecological Evolution and Practical Application
For a long time, the criticism that "DOGE lacks practical use" has been unending, but this narrative is being broken in 2025:
##Risks and Short-term Challenges
Despite the bright prospects, DOGE still needs to overcome three obstacles:
##Future Outlook
1 dollar remains the most notable psychological target for DOGE. If the double bottom pattern is fully realized, the price will first challenge 0.42 dollars; if the Fibonacci extension trend starts, it may see up to 2.28 dollars.
The expansion of real-world applications has become a key variable—over 3100 merchants connected through DogeBox, the ecosystem development of DogeOS, and even the DOGE ETF applications being brewed by institutions like Bitwise are all injecting "non-meme" value into it.
On July 22, DOGE stabilized above $0.25. The market is waiting for a signal: is it Elon Musk's tweet, Bitcoin breaking through $130,000, or a publicly listed company announcing they are hoarding DOGE as a reserve asset?
No matter what the trigger point is, this "Meme Dog" chain has been tightened and could trigger an explosive rise at any moment.