Dogecoin had the biggest 24-hour jump out of any asset, going up 9% of its value. This rise follows a sharp 5% drop earlier in the week, part of a larger sell-off pattern seen in other altcoins across the board. Thanks to Poodle’s resurgence, investors and analysts alike have their eyes on this meme coin’s trajectory.
Dogecoin was trading around $0.24 on July 24, 2025, according to Yahoo Finance. The recent price boom is proof that new participants have begun joining the space and making speculative purchases. Yet, as analysts caution, this bullish advance may not be entirely grounded in strong fundamentals.
As seen above in Dogecoin’s long-term chart, we can find an ascending triangle. In other words, this pattern suggests an impending breakout above the important $0.43 level. Crypto analyst @ali_charts recently pinpointed Dogecoin’s $0.43 level as a key historical accumulation zone.
The next few days will be critical for Dogecoin’s medium-term fortunes. Look for macroeconomic data and social media demand to follow Bitcoin’s lead. In the past, Dogecoin rallies have been driven largely by social media trends and community enthusiasm.
Analysts are observing that sustained trading activity increase after a breakout would confirm the bullish picture for Dogecoin to hold true. The inability to reclaim above the $0.43 resistance level may extend the present corrective phase. Dogecoin could get another test at $0.43, a level highlighted earlier this month as a possible resistance wall.
Analysts are warning that the bullish ascending triangle pattern could be the sign of a fake-out breakout. Those old-school technicians always tell you that trading volume is key to confirming the trend. Investors should pay attention to Dogecoin’s volume trends after every breakout attempt.
Analysts have even looked at previous bullish cycles to forecast Dogecoin’s price. This includes a field report by Trader Tardigrade written in January 2025, and a research study by Rekt Capital from November 2024. The top of the triangle is viewed as a key turning point for Dogecoin’s up or down price trajectory.
