DOGE Price Surge: Cup-and-Handle Breakout Signals 165% Rally Potential

Dogecoin (DOGE) has emerged as a standout performer in July 2025, surging 77% and outpacing other memecoins. The rally is fueled by a combination of technical strength and institutional backing, with Doge now testing a critical resistance level at $0.357—a price last seen in early 2024. A bullish cup-and-handle breakout pattern on the daily chart suggests further upside potential, with analysts projecting a target of $0.70, representing a 165% gain from current levels. The Money Flow Index and other technical indicators support this optimistic outlook, positioning DOGE for a potential major rally in the coming weeks.

Dogecoin (DOGE) Price Prediction: Cup-and-Handle Breakout Signals Potential Rally

Dogecoin has surged 77% in July, outpacing other memecoins with a combination of technical strength and institutional backing. The cryptocurrency is now testing a critical resistance level at $0.357, last seen in early 2024.

A textbook cup-and-handle breakout on the daily chart suggests bullish momentum could propel DOGE toward $0.70—a 165% upside from current levels. Analysts point to the Money FLOW Index (MFI) reading of 89.12 as confirmation of sustained buying pressure.

Bit Origin's $500 million Dogecoin treasury commitment adds fundamental weight to the technical case. "This could be the breakout Doge holders have been waiting for," says analyst Victor Olanrewaju, noting the pattern historically precedes major upswings.

Tesla's Futuristic Diner Opens Without Promised Dogecoin Payments

Elon Musk's Tesla diner launched in Hollywood with retro-futuristic flair—robots serve popcorn, Cybertruck-shaped trays hold burgers—but conspicuously omitted dogecoin payments despite Musk's 2022 endorsement. The absence stung crypto enthusiasts who anticipated a milestone for DOGE adoption.

Patrons confirmed fiat-only transactions during the July 21 opening, contradicting Musk's earlier tweet about impending DOGE integration. The snub highlights the gap between crypto hype and real-world utility, even from high-profile proponents like Musk.

Dogecoin Defies Macro Uncertainty with 5% Rally as Traders Defend Key Support

Dogecoin surged 5% in volatile trading, defying broader market hesitation amid geopolitical tensions. The meme coin oscillated between $0.26 and $0.27 with trading volume spiking 75% above average, signaling strong institutional interest in high-beta crypto plays.

Key reversal windows saw volumes exceed 717 million DOGE as tactical traders capitalized on support retests. A final-hour spike to $0.27 on 10.47 million volume confirmed accumulation before profit-taking stabilized prices NEAR the $0.26 floor.

The rally positions DOGE as a volatility proxy, with trading desks noting increased volume-based strategies. Technical consolidation suggests institutional participation is reshaping the meme coin's risk profile during market uncertainty.

Dogecoin Proposal Aims to Enable Native ZK Proof Verification

DogeOS, the application LAYER behind MyDoge wallet, has submitted a formal proposal to Dogecoin Core developers to introduce a new opcode for native zero-knowledge proof (ZKP) verification. The upgrade would repurpose an unused portion of Dogecoin's script system to verify cryptographic proofs, beginning with Groth16—a widely used ZKP standard—while maintaining backward compatibility.

The modular design allows for future-proof upgrades without disrupting existing nodes. This technical leap could transform Dogecoin from a simple payment network into a platform supporting decentralized finance, gaming, and identity solutions. Unlike Ethereum's computationally intensive approach, Dogecoin's implementation focuses on off-chain computation with on-chain verification.