Dogecoin Leaves Shiba Inu and Pepe in the Dust – Can the DOGE Rally Keep Going?

Jakarta, Pintu News – Dogecoin (DOGE) is currently the largest meme coin by market capitalization, with a value of $35.8 billion. In second place is Shiba Inu (SHIB), which has a market capitalization of $8.67 billion.

On the one hand, this difference is huge. But on the other hand, it’s surprising that a community-driven memecoin could have such a high value. This is the magic of the crypto world.

DOGE Remains the Coin Meme Leader

In the past seven days, DOGE recorded a price surge of 22%. Meanwhile, Shiba Inu and Pepe (PEPE) only gained 12.5% and 8.7% respectively in the same period.

Read also: Dogecoin Rockets 7% on July 21 — Is a Mind-Blowing 380% Surge to $1 Next?

This shows that despite being surpassed by other coins such as Bonk (BONK), DOGE remains the undisputed leader in the meme coin sector. So, can investors and traders expect this rally to continue?

Accumulation or Warning Sign for Dogecoin?

On-chain data shows that since May, more and more Dogecoin holders have been in a profitable position.

As a result, old tokens that had previously not changed hands for months began to show increased movement activity.

Evidence of this can be seen in the mean coin age and MVRV metrics which have shown a downward trend over the past two months.

The MVRV metric continues to rise and reflects that Dogecoin holders in the last 180 days have, on average, made a 15% profit. This explains the increasing tendency of investors to take profits, which in turn has led to a decrease in the mean coin age.

Meanwhile, the HODLer net position change metric indicates that the monthly position change of long-term investors remained positive for most of 2025.

However, in the past month, the pace of accumulation has started to slow down, which also explains the decrease in mean coin age. Nevertheless, the long-term accumulation trend is still a positive (bullish) signal for Dogecoin.

Dogecoin Daily Price Chart Shows Bullish Structure

Dogecoin’s daily price chart (July 20) shows a bullish structure. DOGE’s daily trading volume was recorded well above the average over the past ten days.

Read also: Which Crypto to Buy Today (7/21/25): These 3 Crypto Soared up to 100%!

This increase in volume occurred as DOGE managed to reclaim the middle level of the price range, at $0.196, as support and then shot towards the upper limit of the range at $0.25.

Dogecoin tested this resistance level in the last few hours. After reaching a local high of $0.257, the price corrected down by 6.66% to $0.24.

The RSI indicator shows that the bullish momentum is still dominant. However, the CMF indicator noted a decline in capital inflows in the last 24 hours.

In the next few days, Dogecoin traders and investors will be watching to see if the $0.25 level can turn into support.

If successful, this will increase the chances of a successful breakout and could be an attractive buy signal.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• AMB Crypto. Dogecoin outshines Shiba Inu, Pepe last week; will the gains continue? Accessed on July 21, 2025

*Featured Image: Bitcoin Sistemi