Dogecoin Price Prediction – Will DOGE Price Surge to $0.42 or Drop to $0.20?
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The post Dogecoin Price Prediction – Will DOGE Price Surge to $0.42 or Drop to $0.20? appeared first on Coinpedia Fintech News Dogecoin has staged a powerful comeback, surging over 32% in the past seven days and climbing 8.57% in the last 24 hours alone, reaching $0.2727. DOGE has once again captured market attention, with its market cap zooming to $41.01 billion and daily volume rocketing past $6 billion. The rally comes amid a technical breakout, whale accumulation, and a significant capital injection by Bit Origin Ltd. However, not everything is bright, as the risk of $442 million worth of token unlocks and overleveraged positions may test the rally’s future. If DOGE is under your watchlist, this short-term Dogecoin price prediction is a must-read for you. Why is DOGE Price Going Up? The moonish DOGE price rally is being driven by the following bullish catalysts: Technical Breakout: The completion of a textbook cup and handle pattern has triggered a breakout above the crucial $0.25 resistance level. This has resulted in the liquidation of nearly $19.94 million in short positions, further fueling the rally. Altcoin Rotation: DOGE’s surge coincides with the breakout of the TOTAL2 chart, which tracks the total crypto market cap excluding Bitcoin, above an 8-year resistance.. Whale Accumulation: Wallets holding 100 million to 1 billion DOGE have added 1.08 billion DOGE in July alone. This includes a notable 48-hour spree that saw massive inflows. Institutional Backing: Bit Origin Ltd.’s $500 million fundraising round, aimed specifically at investing in Dogecoin, has added credibility to the meme token. Dogecoin Price Analysis As evident from the chart that I have shared, the breakout from the cup and handle formation suggests a measured target near $0.3299. Successively, Dogecoin could also have a further upside potential toward $0.4274 if momentum sustains. Talking about…
Filed under: News - @ July 21, 2025 8:24 am