Dogecoin Price Prediction: 77% surge in July, will it continue to rise?

Jakarta, Pintu News – Dogecoin (DOGE) has led the recovery of the memecoin sector in recent weeks, with an astonishing price increase of 77% in July. This represents the largest gain among the top three memecoins by market capitalization. With network activity picking up and on-chain metrics showing positive trends, many are wondering if Dogecoin will continue to climb in the months to come.

On-Chain Metrics Analysis

In May and mid-June, Dogecoin’s active daily addresses experienced a significant spike, marking the peak and bottom of the local market. Over the last month, this active daily address metric has continued to slowly increase without reaching alarming levels.

Meanwhile, the number of transactions also showed an upward trend in July, but there were no signs of capitulation or bubbles bursting at local price peaks. Dogecoin’s annual circulation has increased since May, which could be an indication of increased adoption. Existing holders may be taking profits, but new market participants are also starting to enter. This begs the question, does the price action support the prediction that Dogecoin will continue to rally?

Also Read: 6 Top Crypto Movers 24 Hours July 23, 2025: Some skyrocketed, some heavily discounted!

Dogecoin Price Prediction for July and August

The range formation formed since March has extended from $0.142 to $0.25. On July 20, Dogecoin managed to break the key resistance at $0.25 with trading volumes well above the average for the past twelve days. Based on the width of the range, Dogecoin’s current rally is expected to reach at least $0.33.

Currently, Dogecoin is testing the $0.285 resistance that dates back to February. The next key resistance is marked at $0.4, which could be a big obstacle for Dogecoin, especially since it is a significant horizontal level from November 2024 to January 2025. In the next month or two, the Dogecoin price prediction is very bullish, with a target at $0.357 based on the range breakout.

Investment Strategy and Risk

In the short term, a pullback to $0.25 or a fair value gap at $0.26 would offer a good buying opportunity for swing traders. However, it is important to remember that investing in cryptocurrencies like Dogecoin (DOGE) carries a high risk.

Investors are advised to do their own research before making an investment decision. An investment in Dogecoin should be considered carefully, especially given the high volatility in the cryptocurrency market. Monitoring on-chain metrics and price action regularly can help in making an informed decision.

Conclusion

With all the positive indicators from on-chain metrics and strong price action, Dogecoin still seems to have room to grow. However, like all investments, it’s important to remain vigilant and prepared for possible market volatility. Whether Dogecoin will continue to rise or face obstacles in the future, only time will tell.

Also Read: 5 Cryptos with the Highest Gains at the Market on July 23, 2025-Anything Over 24% in a Day!

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Dogecoin Price Prediction: 77% gains in July, more to follow soon. Accessed on July 23, 2025