Great news for all the memecoin enthusiasts out there.
With a sharp breakout from a long-term pattern and a $500 million institutional push, Dogecoin is suddenly back in focus, and the $1 mark might not be far off.
This is a rally to watch!
Strong Breakout Signals New Rally
After spending nearly 10 months inside a symmetrical triangle pattern, Dogecoin has finally broken out and the price action is already reflecting that shift.
DOGE surged 14% today, July 18, and is trading around $0.248. Over the past week, it’s up 23%, marking its strongest weekly close in months. If the breakout follows the full height of the triangle pattern, analysts say DOGE could see a 380% rally, which would take it to the long-awaited $1 level.
Momentum indicators are also supporting the bullish view. The RSI has moved above 50, suggesting growing buying strength. Meanwhile, the AO indicator has turned green, which is a sign that bearish pressure is fading, even though it’s still below zero.
Bit Origin Puts $500 Million Behind DOGE
Backing this technical breakout is a major move from Bit Origin, a Nasdaq-listed crypto firm. The company has secured funding to launch a $500 million Dogecoin treasury strategy. Growing institutional interest is always a great sign!
Part of the funds will go toward accumulating DOGE, while the rest will be used to support growth within the Dogecoin ecosystem.
Today’s price action also saw DOGE break through the key $0.23 resistance. If the current momentum holds, the next levels to watch are $0.28 and $0.30.
DOGE ETF Buzz Adds to Momentum
Another factor pushing Dogecoin forward is the rising speculation around a spot DOGE ETF. According to Polymarket, the odds of an ETF approval have jumped to 80%, with the next SEC decision expected in September 2025.
The ETF hype has played a big role in earlier Bitcoin and Ethereum rallies. If DOGE gets similar approval, it could open the door to wider adoption and fresh capital.
Analysts Expect More Upside Soon
Crypto analyst Kevin (@Kev_Capital_TA) also shared a DOGE chart on X, pointing to a breakout from a long-term falling trendline. He wrote:
“Only a matter of time before #Dogecoin makes its move back up to the .28-.30 level and then well beyond.”
He also highlighted multiple retests of the trendline over the past few months, which is a pattern often seen before strong rallies.
If Bitcoin stays strong, DOGE could be gearing up for one of its biggest moves yet. We’ll keep you tuned in.
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