Dogecoin Skyrockets: Are We Witnessing the Start of a Crypto Supercycle?

Dogecoin's price isn't just climbing—it's mooning. Again. The meme coin that defies gravity (and sometimes logic) has traders asking: Is this the precursor to a full-blown supercycle?

Breaking the meme ceiling

DOGE's latest surge isn't just another pump. The charts show parabolic movement that even hardened crypto skeptics can't ignore. When the joke currency starts outperforming 'serious' projects, you know the market's in for a ride.

Whales vs. retail: The eternal dance

On-chain data reveals what every Dogecoin veteran already knows—this isn't your 2021 bull run. The wallets moving major DOGE stacks look suspiciously like those that triggered previous cycles. Meanwhile, Robinhood traders are piling in like it's GameStop all over again.

The supercycle question

Could Dogecoin's rise signal broader market overheating? Or is this just another case of 'number go up' psychology infecting crypto Twitter? One thing's certain: When DOGE starts making millionaires, even your CFA-holding portfolio manager starts checking CoinMarketCap.

Remember: In crypto, the line between 'visionary trade' and 'greater fool theory' is about as solid as a meme coin's fundamentals.

The Dogecoin price has once again captured attention with a surprising recovery in July second week of 2025. As Bitcoin reached a new all-time high (ATH) of $118,340, DOGE followed closely, breaking a key technical pattern. With expert sentiment turning bullish and political headlines adding fuel, is a DOGE price supercycle about to begin?

Technical Breakout: Falling Channel Breached In Dogecoin

On the daily time frame of Dogecoin price, it shows a well-defined falling channel formation that dominated its price action since early 2025. 

The coin had tested lower support near $0.15 multiple times and finally showed a decisive breakout above the upper trendline of the falling wedge pattern this week. Currently, dogecoin crypto is trading near $0.198 with $30.03 billion market cap. The price has crossed above both the 20-day EMA and 50-day EMA, which is a key bullish signal, and is inching to flip the long-term 200-day EMA band.

Adding to this momentum, the Relative Strength Index (RSI) has surged to 65.55, approaching overbought territory but still showing room for further upside. Historically, such breakouts from falling wedges often mark the beginning of strong uptrends, especially when confirmed with volume and correlation.

Strong Bitcoin Correlation Driving Rally

A major catalyst behind DOGE’s current momentum is its 0.69 price correlation ratio with Bitcoin over the last 30 days. As BTC entered a price discovery phase after surpassing $118K, DOGE mirrored this optimism.

Altcoins has a past of advancing in the aftermath of a strong Bitcoin move. The same pattern is now playing out, with Doge price breaking its long-standing resistance zones as BTC continues its bullish dominance. The next resistance level lies between $0.25 and $0.30, while a broader target for July could be near $0.40, should the rally extend.

Oliver D Maximus: “DOGE Crypto Is Money”

A crypto analyst Oliver D Maximus has declared that “DOGE is money” and called for an impending supercycle. He highlighted that Dogecoin is approaching a major weekly resistance level, and once breached, it could trigger entry into what he terms the “Green Time Cycle”, which interpreted means a phase of explosive upward movement.

$DOGE weekly : it has entered in the green time cycle. I expect a huge MOVE in the coming weeks

Super Cycle$DOGE is money pic.twitter.com/9bu28P1q2k

Political Sentiment Boost: DOGE in Defense Headlines

In a surprising development, U.S. Secretary of Defense Pete Hegseth mentioned the Doge Department in a July 11th announcement post on X, this is related to national defense manufacturing. 

He clearly stated that the U.S. is ramping up domestic drone production to match rising geopolitical threats and emphasized that President Trump’s June executive order paves the way for American-made products across sectors.

This not only added visibility to Dogecoin but also reinforced its status as a meme-backed asset with DEEP cultural integration. This is also fueling retail sentiment and increasing speculative attention.

Unleashing U.S. Military Drone Dominance @DOGE pic.twitter.com/ueqQPc7rKI