DOGE Bullish Momentum Strengthens as Key Support Holds

Dogecoin (DOGE) has confirmed a bullish breakout after successfully retesting a descending trendline and maintaining its position above the critical $0.24 support level. Currently trading at $0.242, the meme cryptocurrency has shown resilience with a 2.5% gain over the past 24 hours, despite recent pullbacks from its $0.27 high. Technical analysts have identified a hidden bullish divergence in the daily Relative Strength Index (RSI), a pattern where the price forms higher lows against lower RSI lows. This signal often indicates underlying strength and potential for upward momentum. The confirmation of this divergence suggests that DOGE may be poised for further gains in the near term. Market sentiment around Dogecoin remains optimistic as traders and investors watch for the next key resistance levels. The cryptocurrency's ability to hold above $0.24 is seen as a positive sign, reinforcing the bullish outlook. With its strong community support and growing adoption, DOGE continues to be a standout performer in the volatile crypto market. As of July 29, 2025, Dogecoin's technical setup and market behavior point to a promising trajectory, making it a cryptocurrency to watch closely in the coming days.

DOGE Breakout Confirmed as New Bullish Signal Emerges

Dogecoin has solidified its bullish stance after retesting a descending trendline and holding firm above the $0.24 support level. The meme cryptocurrency, now trading at $0.242, demonstrates resilience with a 2.5% gain in the past 24 hours despite recent pullbacks from $0.27.

Technical analysts highlight a confirmed hidden bullish divergence in the daily RSI—a pattern where price forms higher lows against lower RSI lows, signaling sustained upward momentum. The trendline's role reversal from resistance to support further validates DOGE's breakout potential.

Notably, declining active addresses juxtaposed with stable prices suggest accumulation by larger holders. Trader Tardigrade observes no bearish divergence, reinforcing the asset's technical strength as it builds a base for potential upside.

Dogecoin Price Prediction: Analyst Foresees Potential Doubling Amid Market Volatility

Dogecoin's price dipped to $0.23 today, mirroring broader crypto market declines. The meme coin has shed 16% over the past week but maintains impressive monthly (44%) and yearly (80%) gains. Notable analyst Ali Martinez suggests DOGE could rally to $0.46+ if it establishes $0.26 as support, citing a potential double-bottom pattern.

Market observers note the prediction's contingency on Doge reclaiming the $0.26 threshold—a level it currently trades below. The token's enduring popularity continues to fuel long-term bullish sentiment, with the coming weeks seen as critical for confirming breakout potential.

Dogecoin Slides 9% as Macro Uncertainty Sparks Crypto Selloff

Dogecoin tumbled 9.24% in 24 hours as institutional selling pressure overwhelmed the meme coin's market. The DOGE/USD pair oscillated between $0.223 and $0.248 before settling at $0.226, with trading volume spiking to 918 million during peak selling hours—more than double the daily average.

The selloff reflects growing risk aversion across digital asset markets. Traders are retreating from speculative positions amid shifting central bank policies and geopolitical tensions. Dogecoin's decline mirrors broader cryptocurrency weakness as investors await key U.S. inflation data and Federal Reserve guidance.

Technical indicators suggest potential stabilization NEAR $0.223, where concentrated buying emerged. However, the $0.240-$0.241 zone now forms a critical resistance barrier. Market participants will watch for either a decisive breakout above this level or further downside toward $0.215 if support fails.