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

Updated

July 21, 2025

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

Jakarta, Pintu News – Dogecoin recorded the highest gain among the ten crypto assets with the largest market capitalization, with a 7% price surge in the last 24 hours (21/7).

This rise was triggered by increased interest from institutional investors as well as growing optimism that the SEC will approve a spot-based ETF for Dogecoin.

Both factors are driving speculation that DOGE is set for a massive 380% rally, with a price target of $1.

Dogecoin Price Rises 7.22% in 24 Hours

dogecoin price today — Source: Pintu Market

On July 21, 2025, Dogecoin saw a 7.22% gain over the past 24 hours, trading at $0.2718 — approximately IDR 4,439. During this period, DOGE reached a low of IDR 4,069 and peaked at IDR 4,519.

At the time of writing, Dogecoin’s market cap stands at around $40.81 billion, with trading volume rising 38% to $6.09 billion within 24 hours.

Dogecoin Price Aims for 380% Rally to $1

After forming a symmetrical triangle pattern for almost ten months, Dogecoin is now starting to show breakout signals – an early sign that a major rally may be underway.

This breakout is visible on the weekly candlestick, which reflects DOGE’s price increase of 23% in the last seven days.

The distance from the lowest support level in this triangle pattern to the December 2024 price peak at $0.48 reflects a potential upside of 380%. A similar rise could occur if DOGE manages to break the important resistance level at $0.41.

If successful, the DOGE price could potentially break the $1 mark for the first time in history.

The RSI indicator also supports this bullish prediction as it continues to rise after surpassing the 50 mark, signaling that the positive momentum continues to strengthen – opening up opportunities for further gains.

In addition, the AO (Awesome Oscillator) indicator is showing green bars although it is still in the negative zone. This indicates that the bearish pressure that has weighed on Dogecoin’s price movement over the past seven months is starting to weaken, making a breakout more likely.

$500 Million Treasury Fund & ETF Opportunity Boost Dogecoin Price

Dogecoin’s price tends to follow Bitcoin’s price movements, and as long as BTC is still rising, there is a possibility that DOGE will continue its upward trend.

However, a number of factors from within Dogecoin’s own ecosystem could also amplify this rally, and allow the biggest meme coin to record a surge like it did at the beginning of its emergence.

According to a recent report from the CoinGape website, Nasdaq-listed crypto company Bit Origin has secured funding to launch a $500 million Dogecoin treasury .

These funds will be used to accumulate more DOGE tokens, as well as support the development of the Dogecoin ecosystem.

In addition, data from Polymarket shows that the chances of spot-based ETF approval for DOGE are now higher. This rise coincides with increased institutional interest, particularly from Bit Origin.

Currently, the likelihood of a Dogecoin ETF launch is estimated at 80%, with the next SEC ruling scheduled for September 2025.

In conclusion, the high interest from both retail and institutional investors strengthens the prospect that the Dogecoin price could skyrocket to $1.

If the weekly candlestick is able to close above the $0.21 resistance level and the buying pressure remains strong, DOGE could potentially reach that target in the coming months.

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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.

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