Dogecoin (DOGE) Stuck in a Slump While Floki Skyrockets – What’s Next?

Dogecoin (DOGE), the meme coin that once captured the crypto zeitgeist, continues to struggle in July 2025—barely mustering a pulse while Floki, its canine-themed rival, rockets ahead. Is DOGE’s glory fading, or is this just another snooze before the next hype cycle?

Floki’s Surge: Meme Magic or Sustainable Momentum?

While DOGE flatlines, Floki’s chart looks like a SpaceX launch. Traders are piling in, chasing the next viral narrative—because fundamentals are so 2021. The question isn’t why Floki’s pumping, but how long before the ‘buy the rumor, sell the news’ crowd cashes out.

DOGE’s Identity Crisis: From Meme to… What Exactly?

Without Elon’s tweets as a catalyst, DOGE seems lost. The ‘people’s crypto’ now trades like a legacy asset—slow, predictable, and utterly boring. Meanwhile, Floki’s team keeps dropping ‘utility’ buzzwords—because nothing pumps a token like vague roadmaps and influencer shills.

The Bottom Line: In crypto, today’s underdog is tomorrow’s has-been. DOGE might wake up when retail FOMO returns, but until then? Enjoy the show—just don’t forget the golden rule: profits are for sellers, not bagholders.

Dogecoin Price Eyes More Gains

Dogecoin price started a fresh increase from the $0.1880 zone, like Bitcoin and Ethereum. DOGE was able to climb above the $0.1950 and $0.200 resistance levels.

The bulls even pushed the price above the $0.2120 resistance. Finally, the price traded close to the $0.2220 resistance. A high was formed at $0.2205 and the price is now correcting gains. There was a MOVE below the 23.6% Fib retracement level of the upward move from the $0.1885 swing low to the $0.2205 high.

Dogecoin price is now trading above the $0.2020 level and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $0.2060 on the hourly chart of the DOGE/USD pair.

Immediate resistance on the upside is NEAR the $0.2120 level. The first major resistance for the bulls could be near the $0.2150 level. The next major resistance is near the $0.2220 level. A close above the $0.2220 resistance might send the price toward the $0.2320 resistance. Any more gains might send the price toward the $0.250 level. The next major stop for the bulls might be $0.2650.

Downside Correction In DOGE?

If DOGE’s price fails to climb above the $0.2120 level, it could start a downside correction. Initial support on the downside is near the $0.2060 level or the trend line zone. The next major support is near the $0.2040 level or the 50% Fib retracement level of the upward move from the $0.1885 swing low to the $0.2205 high.

The main support sits at $0.20. If there is a downside break below the $0.20 support, the price could decline further. In the stated case, the price might decline toward the $0.1950 level or even $0.1880 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.2060 and $0.20.

Major Resistance Levels – $0.2120 and $0.2220.