Dogecoin Plunges 6% Today — But Experts Say a Massive Comeback Could Be Next!
Jakarta, Pintu News – Dogecoin has increased in value over the past week, driven by increased buying from large investors and higher trading volumes.
On July 14, the Dogecoin price increased by 5%, thanks to a clear technical breakout and a positive chart pattern. So, how is the Dogecoin price moving at the moment?
Dogecoin Price Drops 6.64% in 24 Hours
On July 15, 2025, Dogecoin saw a sharp 6.64% dip within 24 hours, trading at $0.1904, or around IDR 3,079. During the day, DOGE hit a low of IDR 3,058 and climbed as high as IDR 3,401.
At the time of writing, Dogecoin’s market cap stands at around $28.55 billion, with trading volume rising 65% to $2.76 billion within 24 hours.
Read also: Bitcoin Crashes to $117K After Smashing Record High — Here’s What Triggered the Drop
Dogecoin Price Breaks above $0.2
Despite today’s decline, data from CoinMarketCap shows that between July 13 and 14, the Dogecoin price increased by 5%, from $0.205 to $0.2094. This increase was mainly due to a surge in volume, which recorded an increase of 78%.
In addition, data from CoinGlass also showed that Dogecoin futures volume surged beyond $1.48 billion, becoming the highest so far this month. This signaled a large whale movement, which helped drive price action.
The Dogecoin price managed to break and hold above the key $0.205 level, despite experiencing some pullbacks. Strong buyers maintained their interest, pushing the price up further and printing a spike above $0.2094.
Dogecoin’s price increase comes in line with the bullish movement in the crypto market as a whole. Bitcoin reached a new high above $121,000, which helped boost the altcoin sector and increase the total crypto market value to $2.4 trillion.
DOGE ETF Approval Chance Reaches 75% at Polymarket
At the same time, the altcoin market (which is reflected in the “Total 2” index) is signaling that a full-fledged bull phase could be imminent.
Analysts argue that a combination of macro optimism, whale accumulation, and technical strength is shaping positive momentum for altcoins, including Dogecoin.
Interestingly, crypto analyst Kaleo recently revealed that he heard rumors that Dogecoin ETF approval may be closer than many think.
Polymarket currently puts the chances of DOGE ETF approval before the end of 2025 at 75%. Kaleo remains bullish, and notes that this figure could quickly approach 100%.
Read also: Ethereum Rebounds to $2,900 — Is a Massive Surge to $4,000 Just Around the Corner?
Experts Predict Dogecoin to Experience a Bullish Rise
Some experts expect the Dogecoin price to continue growing. Tardigrade traders note that Dogecoin has entered part of an Ascending Broadening Wedge pattern, which historically often triggers significant upward movements.
He also projects that in the long run, the Dogecoin price could reach $1.
In the short term, traders are monitoring whether the Dogecoin price can stay above the $0.208-$0.210 range and break the $0.213-$0.215 resistance zone. If it falls below $0.198, then the bullish structure could be disrupted.
But so far, the trend in volume and whale flows shows that market confidence is still strong.
Crypto analyst Carl Moon also gave his views on the Dogecoin price, as Bitcoin continues to set new records. According to Carl, DOGE’s closest target is the neckline resistance at $0.24. If Dogecoin manages to break this key level, he believes the price could surge sharply towards $0.33.
“Many of you are asking about the future of #Dogecoin as #Bitcoin continues to print new ATHs (All-Time Highs)!” Carl said, highlighting the potential for big gains if market momentum remains strong.
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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:
- Coingape. Why is Dogecoin Up Today? Accessed on July 15, 2025
