Dogecoin (DOGE) price targets $0.25 following 19.7% surge
July 14, 2025
Dogecoin has experienced a notable surge in value recently, with a nearly 20% increase that is sparking speculation that it could soon hit the $0.25 mark. This surge is attributed to bullish momentum and technical indicators pointing toward potential breakout levels.
In comparison to Bitcoin’s modest 8.75% gain during the same timeframe, Dogecoin has outperformed with a 19.7% increase since July 7th. This suggests that meme-based cryptocurrencies like Dogecoin are gaining traction as Bitcoin reaches new highs against the US dollar. The recent $11,000 surge in Bitcoin’s value, following a breakout from a descending channel, has had a positive impact on the overall crypto market. Encouragingly, on-chain data indicates that Bitcoin is not yet overvalued, which could continue to support meme coins like Dogecoin in the near future.
Analyzing the daily chart of Dogecoin, it is evident that the cryptocurrency has followed a pattern of creating higher lows and higher highs after retesting the $0.142 range lows on June 22nd. This upward trajectory has remained consistent throughout July. While facing resistance at the $0.173 level earlier this month, Dogecoin successfully surpassed this barrier with the help of Bitcoin’s surge. The real challenge presented itself at the $0.196 mark, where a significant bearish order block existed from mid-June. Nevertheless, on July 11th, Dogecoin managed to break through this barrier as well.
Moving forward, the $0.196 resistance level is expected to transition into a support level for Dogecoin, providing a foundation for further gains. However, a potential concern is the On-Balance Volume (OBV) indicator, which has yet to reach the levels seen in June, suggesting a slight decline in buying pressure. The liquidation heatmap indicates a possibility of Dogecoin retracing to the $0.19 liquidity cluster, but a more likely scenario points to an upward movement toward the $0.23 magnet zone. Given the tendency for prices to gravitate towards these liquidity areas, Dogecoin seems poised to extend its rally towards the $0.23-$0.25 resistance zone, representing a potential 27% increase from its current levels.
For traders, a strategic approach would involve entering long positions at mid-range levels and aiming for the anticipated 27% gain towards the upper limit of the range. However, caution is advised as the price approaches the $0.25 mark, where it might be wise to consider shorting. Until a definitive breakout above $0.25 and a successful retest of that level as support occur, Dogecoin is expected to continue fluctuating within the existing range. While the setup appears promising, it is crucial to exercise prudent risk management, especially considering the volatile nature of meme-based cryptocurrencies like Dogecoin.
