Dogecoin (DOGE) Skyrockets: Memecoin King Dominates with 77% Monthly Rally

Move over, Bitcoin—Dogecoin’s stealing the spotlight. The OG memecoin isn’t just barking; it’s biting off a 77% gain this month alone, leaving ‘serious’ projects in the dust.

Why DOGE Won’t Die

Elon’s favorite joke currency keeps flexing staying power. While ‘utility’ coins drown in roadmap jargon, DOGE thrives on two things: meme magic and relentless community hype.

The 77% Surge: Luck or Logic?

Traders chasing the pump won’t care—but Dogecoin’s liquidity and name recognition make it the go-to memecoin play. Even Wall Street’s ‘crypto analysts’ are forced to acknowledge it now (between sips of $20 artisanal coffee).

Bottom Line

In a market obsessed with ‘fundamentals,’ DOGE keeps mocking the rulebook. Whether that’s tragic or brilliant depends on your portfolio balance.

TLDR

• Dogecoin surged 77% in July, breaking key resistance at $0.25 after months of consolidation
• Price reached $0.285, testing February resistance levels with trading volumes well above average
• On-chain metrics show rising network activity and daily active addresses without signs of capitulation
• Technical analysis points to potential rally toward $0.33-$0.36 range based on breakout patterns
• Psychological resistance at $0.40 could pose major obstacle for further price advancement

Dogecoin has emerged as the standout performer among major memecoins in July 2025. The cryptocurrency posted gains of 77% during the month, marking its strongest rally since earlier this year.

The price breakthrough came after months of range-bound trading between $0.142 and $0.25. This consolidation phase, which began in March, finally resolved to the upside on July 20th when Dogecoin broke above the critical $0.25 resistance level.

Trading volumes have remained well above average for most of the past twelve days. This sustained volume surge helped support the breakout past the key resistance zone that had contained price action for several months.

At the time of writing, dogecoin was trading around $0.285. The cryptocurrency is currently testing resistance levels that were established back in February 2025.

On-chain data reveals improving network fundamentals during the rally period. Daily active addresses have been trending higher throughout July, though not reaching the extreme levels seen at previous market tops in May and mid-June.

The 365-day circulation metric has increased since May. This suggests both profit-taking from long-term holders and new market participants entering the ecosystem.

Transaction count data shows a similar pattern. The metric has been rising in July without displaying signs of capitulation or bubble-like behavior at local price peaks.

Technical Price Targets

The range breakout pattern suggests potential upside toward $0.33 based on the width of the previous consolidation zone. Some analysts are targeting the $0.35-$0.36 area for the NEAR term.

The next key resistance levels appear at $0.25 and $0.255 on any potential pullback. A fair value gap exists around $0.26 that could provide buying opportunities for swing traders.

Looking further ahead, psychological resistance at $0.40 represents a major hurdle. This level served as horizontal resistance from November 2024 through January 2025.

Market Performance Context

Dogecoin’s July performance outpaced other major memecoins by market capitalization. The 77% monthly gain stands as the largest rally among the top three memecoins during this period.

Recent price action shows an 11% jump in a 24-hour period, pushing the market cap to approximately $36 billion. Daily trading volumes nearly doubled during the surge.

The cryptocurrency gained roughly 40% over a 30-day period leading up to the breakout. This momentum helped establish Dogecoin as the dominant memecoin by market capitalization.

Short-term forecasts from various analysts range from $0.27 to $0.36 for the coming weeks. Some optimistic price predictions suggest potential targets near $1 by September, though most mainstream forecasts remain more conservative.

The breakout above $0.21 resistance was particularly important, as this level had contained price action since March. Breaking this barrier signaled renewed bullish momentum for the cryptocurrency.

Current trading data shows Dogecoin maintaining levels between $0.24 and $0.27. The price action continues to hold above the key breakout zone despite normal consolidation following the sharp rally.