Dogecoin (DOGE) is leading the charge in the memecoin sector, experiencing a remarkable 77% gain in July alone, marking the most significant rally among the top three meme coins. This strong performance is being underpinned by renewed activity on its network, signaling a potentially sustained uptrend.
Data from Santiment reveals a steady, organic increase in daily active addresses and transaction counts throughout July, differing from previous sharp spikes that often coincided with local price tops or bottoms. This "quiet grind" in network buzz suggests a more fundamental growth rather than pure hype-driven surges. The rising 365-day circulation is also noteworthy, possibly indicating both profit-taking by long-term holders and fresh capital entering the ecosystem, hinting at a significant market shift.
After being largely confined to a price range between $0.142 and $0.25 since March, Dogecoin finally broke through this consolidation on July 20. Bolstered by consistently above-average trading volume for nearly two weeks, DOGE successfully breached the formidable $0.25 resistance level.
This decisive breakout, based on technical analysis, implies a potential move towards at least $0.33. As of current market conditions, DOGE is trading around the $0.285 level, actively testing resistance points last seen in February.
Looking ahead, the $0.4 mark could present a significant challenge for DOGE. This level acted as a major ceiling between November 2024 and January 2025, and Dogecoin may require multiple attempts to decisively break through it again.
Despite this, the overall outlook remains strong. The immediate price target, as indicated by the recent range breakout, is around $0.357. For swing traders, any short-term pullback to the $0.25–$0.26 zone could present an attractive entry point, offering an opportunity to capitalize on the next leg up in Dogecoin's bullish momentum.
July 2025, Cryptoniteuae