Dogecoin Soars Past $0.20 — Will $0.36 or $0.54 Be the Next Stop?
Dogecoin blasts through resistance—traders now eyeing higher targets.
The meme coin that refuses to die just punched past $0.20, leaving skeptics scrambling. With momentum building, two price levels dominate chatter: $0.36 and $0.54. Technicals suggest both are in play if buying volume holds.
Retail traders pile in while institutions 'strategically reevaluate their risk models' (read: frantically backtesting DOGE correlations).
Will this be another classic crypto pump destined for a 70% retracement? Or has the Shiba Inu finally learned new tricks? One thing's certain—nobody's laughing at Dogecoin now. Except maybe Bitcoin maximalists. And gold bugs. And basically anyone who thinks money should have fundamentals.
Dogecoin Breaks Through $0.20 Resistance
Dogecoin moved from $0.21 to $0.24 over a 24-hour stretch ending July 18. The trading range spanned from $0.205 to $0.25, reflecting an 18% price swing. It posted a 14% gain in that time. Over the last seven days, the price ROSE by 23%.
In particular, trading volume hit $16.8 billion, pointing to heavy activity. Whale accumulation and rising institutional interest are driving demand. The meme coin market overall added $17 billion in July, pushing its market cap to $72 billion.
Crypto analyst Ali Martinez noted that Dogecoin has moved above the $0.20 resistance and outlined the next potential target.
As dogecoin $DOGE overcomes the $0.20 resistance barrier, the next key hurdle to watch is $0.36! pic.twitter.com/bs1oQER1Xt
— Ali (@ali_charts) July 18, 2025
Blockchain data confirms this area as a likely challenge due to prior buying activity concentrated around that level.
Thin Resistance Between $0.21 and $0.36
According to the Glassnode chart provided by the same analyst, the largest group of DOGE holders acquired their tokens NEAR $0.207, totaling 11 billion coins, about 7.3% of the supply. That zone had acted as a major cap on the price. With the asset now trading above it, attention is shifting upward.
Meanwhile, the next high-volume holding zone is around $0.36, with 5.64 billion Doge (3.8% of the supply) purchased near that range. Between $0.21 and $0.36, the data shows little concentration of holders, meaning there are fewer likely sell points in this range.
CW commented,
“$DOGE is about to reach the sell wall zone. If it breaks through the sell wall that exists until $0.293, there will be no more sell walls.”
The $0.293 level could serve as a temporary cap before any potential MOVE higher.
Chart Pattern Signals Breakout
Dogecoin has also broken out of a falling wedge on the 2-day chart. This pattern has often marked trend shifts in the past. The breakout occurred around the $0.20 level, which now acts as support.
Captain Faibik posted,
$DOGE #Dogecoin King of Memecoins is about to go PARABOLIC pic.twitter.com/GYLfJgYkjO
— Captain Faibik (@CryptoFaibik) July 18, 2025
Their chart projects a possible target near $0.5347, over double the current price.
DOGE’s rally comes as Bit Origin announces a $500 million capital plan to create a Dogecoin treasury. This includes equity and debt financing. Open interest in Dogecoin-linked products is also climbing.
