Dogecoin Surges Today (July 28): Is a Major Breakout Just Around the Corner?

Jakarta, Pintu News – Dogecoin price is back in the spotlight in the crypto market. After a brief dip, buyers have managed to hold onto important levels, and analysts are starting to see bullish patterns across multiple time frames.

With increased interest from institutions and favorable chart patterns, the DOGE crypto may be preparing to experience a significant price spike.

Dogecoin Price Rises 1.87% in 24 Hours

On July 28, 2025, Dogecoin saw a 1.87% gain over the past 24 hours, trading at $0.2447, which is equivalent to IDR 3,980. Throughout the day, DOGE hit a low of IDR 3,828 and climbed to a high of IDR 3,997.

At the time of writing, Dogecoin’s market cap stands at around $36.77 billion, with trading volume rising 60% to $2.26 billion within 24 hours.

Read also: Bitcoin Soars to $119,000 — Could It Hit $130K Sooner Than Expected?

Dogecoin Price Today: Trendline Break Triggers Bullish Signal

After falling from $0.28 to $0.22 on July 21 due to profit-taking, the price of DOGE experienced a much-needed bounce on the chart.

According to technical analysts, this bounce triggered a breakout from the downtrend line on the hourly chart.

Furthermore, the same analyst highlights that this bounce is quite reliable as the 0.618 Fibonacci level on the 4-hour chart coincides with a horizontal support area.

This congruence of technical indicators in the 1-hour and 4-hour charts further reinforces the bullish view that DOGE may be preparing for the next price increase in the near future.

Dogecoin Price Prediction: Double Bottom Pattern Hints at Bigger Rally

Looking at the overall Dogecoin price prediction, another bullish formation is starting to catch the eye. On the daily chart, DOGE is currently testing the neckline of a sloping double bottom pattern-a classic upward reversal pattern.

If this neckline is convincingly broken, then the price of DOGE could potentially head towards the $0.52 level. This would be a significant jump from current levels and further strengthen the positive sentiment towards the Dogecoin crypto.

Adding credence to this projection, the price of DOGE has also been seen respecting the uptrend line since the second quarter. Therefore, traders see this area as a high probability breakout zone, especially if buying volumes continue to increase.

Institutional Interest Rises as Interest in DOGE ETFs Surges

Beyond technical analysis, optimism about the Dogecoin price is also driven by developments among institutions.

Read also: Ethereum Surges to $3,800 — Is a Massive Rally to $5,000 Just Around the Corner?

Several large asset managers such as Grayscale, Bitwise, and 21Shares are rumored to have applied for a Dogecoin ETF.

Interestingly, Bloomberg analysts estimate the chances of these applications being approved at 90%, demonstrating DOGE’s increasing credibility in the memecoin space.

This growing interest from large institutional players brings DOGE closer to the mainstream financial markets.

If the Dogecoin ETF is indeed approved, this could open up new capital flows into the asset and potentially significantly affect DOGE’s long-term price dynamics.

Dogecoin Price Outlook: Bullish Channel could Push it to Higher Levels

Finally, on the weekly time frame, another large bullish structure was highlighted. Analysts note that the DOGE crypto is still moving within an ascending parallel channel, and is currently testing support at the lower limit of the channel.

Historically, this zone is often the starting point of large rallies, making the current price action very important.

With plenty of time left in 2025, analysts speculate that the Dogecoin price could target levels of $0.5, $1.0, even up to $2.0, as there is still room towards the upper limit of the channel.

Some predictions even say that DOGE could break into double-digit price territory, especially if the ETF is approved and large investment flows actually come in.

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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:

• Coinpedia. Dogecoin Price Eyes Parabolic Rally as Double Bottom Pattern Emerges. Accessed on July 28, 2025