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Key Takeaways:
- Dogecoin has surged 77% in July 2025, outperforming other major memecoins.
- On-chain metrics point to rising adoption without signs of market euphoria or exhaustion.
- Technical breakout from a multi-month range suggests DOGE could climb to $0.33 and potentially $0.357.
Dogecoin [DOGE] is once again making waves in the crypto market. After months of quiet consolidation, DOGE has roared back with a massive 77% gain in July alone—the strongest performance among the top three memecoins by market capitalization. As on-chain activity heats up, technical and fundamental indicators point toward even more upside.
On-Chain Metrics Signal Strengthening Network Activity
According to data from Santiment, Dogecoin’s network has been steadily gaining momentum. Daily active addresses have been on the rise since mid-June, although not yet at the excessive levels that typically precede local tops. Transaction count has followed a similar upward trajectory, reflecting healthy network usage without signs of overheating.
Interestingly, the 365-day coin circulation metric also ticked higher. This suggests a growing user base, with older holders possibly realizing profits while new market participants enter. Such activity often aligns with broader adoption trends and can support sustained price appreciation.
Technical Breakout Clears Path to $0.33 and Beyond
DOGE’s price action has confirmed the bullish on-chain signals. The memecoin had been locked in a range between $0.142 and $0.25 since March. On July 20, that range was finally broken with a convincing surge past the $0.25 resistance level. Trading volume over the past two weeks has remained well above average, reinforcing the breakout.
Based on the range’s width, the breakout projects a technical price target of approximately $0.33. At press time, Dogecoin was testing a key resistance at $0.285, last seen in February. If bulls manage to push beyond this level, the next significant hurdle lies at the psychological resistance of $0.40—a level that acted as a ceiling multiple times between November 2024 and January 2025.
Also Read: Dogecoin Surges 32% as Rally Eyes $0.33
Short-Term Pullbacks Could Offer Buying Opportunities
While the medium-term outlook remains bullish, traders should be prepared for short-term corrections. A pullback toward the previous resistance at $0.25 or the nearby fair value gap at $0.26 could present an attractive entry point for swing traders. Maintaining momentum above these levels will be critical for DOGE to reach the $0.357 target in the coming weeks.
With both fundamentals and technicals aligning, Dogecoin may be gearing up for its strongest rally of the year.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
