Dogecoin Price Prediction- Why $0.33 Could Trigger $0.40 Fast
Dogecoin Price Prediction– Dogecoin is back in the spotlight—rising over 64% this month and gaining serious momentum. Currently trading at $0.27, the meme-favorite coin has posted six straight days of gains, bouncing from a July 15 low of $0.1884 to an intraday high of $0.279 early Monday.
Key Breakout Levels Trigger the Rally
The current surge isn’t just hype. Since hitting a cycle low of $0.142 on June 22, DOGE has been in a steady uptrend, breaking through critical resistance levels. Notably, it moved above its 50-day and 200-day simple moving averages—at $0.184 and $0.219 respectively—triggering bullish momentum on the charts.
Crypto analyst Ali noted that Dogecoin is “breaking out,” and as long as it holds support at $0.25, the price targets of $0.33 and $0.40 are now firmly in play.
What’s Fueling the Dogecoin Surge?
It’s not just technicals. Dogecoin’s rally is being powered by strong investor interest, increased trading volume, and a renewed wave of optimism across the broader crypto market. Recent gains have also been boosted by regulatory clarityand favorable macroeconomic sentiment.
In a major vote of confidence, Bit Origin announced plans to launch a Dogecoin treasury backed by $500 million in stock and convertible debt. With $15 million already secured, the company is preparing for its first DOGE purchase, becoming the first Nasdaq-listed firm to adopt Dogecoin as a treasury asset.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
