{"id":56164,"date":"2025-07-18T12:15:42","date_gmt":"2025-07-18T12:15:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/dogecoin-breaks-seven-month-downtrend-with-12-48-price-spike\/"},"modified":"2025-07-18T12:15:42","modified_gmt":"2025-07-18T12:15:42","slug":"dogecoin-breaks-seven-month-downtrend-with-12-48-price-spike","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/dogecoin-breaks-seven-month-downtrend-with-12-48-price-spike\/","title":{"rendered":"Dogecoin breaks seven-month downtrend with 12.48\u202f% price spike"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/image-11-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/image-11-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/image-11-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/image-11-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Weekly close could confirm a breakout and a rally setup.<\/li>\n<li>Pattern mirrors October 2023\u2019s 600\u202f% surge.<\/li>\n<li>A breakout could shift sentiment across meme coins.<\/li>\n<\/ul>\n<p data-start=\"318\" data-end=\"877\">Dogecoin (DOGEUSD) is now trading at $0.2416, up 12.48\u202f% in the past 24 hours, after breaking above a seven-month descending trendline that has capped its price since December.<\/p>\n<p data-start=\"318\" data-end=\"877\">This move positions DOGE for its strongest rally of the year.<\/p>\n<figure id=\"attachment_322881\" aria-describedby=\"caption-attachment-322881\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-322881\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/07\/Dogecoin.jpg\" alt=\"Dogecoin price\" width=\"1527\" height=\"567\"\/><figcaption id=\"caption-attachment-322881\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/dogecoin\/\">CoinMarketCap<\/a><\/figcaption><\/figure>\n<p data-start=\"318\" data-end=\"877\">If the weekly candle closes above this resistance on Sunday, analysts anticipate a potential move toward the $0.50\u2013$0.60 range, representing a further 100\u2013150\u202f% gain from current levels.<\/p>\n<p data-start=\"318\" data-end=\"877\">The setup closely mirrors a breakout pattern seen in October 2023, which led to a 600\u202f% rally and sparked widespread retail interest.<\/p>\n<h2 data-start=\"879\" data-end=\"932\">DOGE confirms breakout with price and volume surge<\/h2>\n<p data-start=\"934\" data-end=\"1283\">Dogecoin had been locked in a downtrend for over half a year, repeatedly rejected at the same diagonal resistance.<\/p>\n<p data-start=\"934\" data-end=\"1283\">This week, that pattern broke.<\/p>\n<p data-start=\"934\" data-end=\"1283\">With DOGE trading above the long-term trendline and price action supported by rising volume, technical signals suggest the early stages of a potential trend reversal for the meme-inspired cryptocurrency.<\/p>\n<p data-start=\"1285\" data-end=\"1658\">The price currently sits at $0.2416, having climbed over 12\u202f% in a day.<\/p>\n<p data-start=\"1285\" data-end=\"1658\">This breakout candle is holding strength, and market activity has increased\u2014key factors that could confirm the breakout if maintained through the end of the week.<\/p>\n<p data-start=\"1285\" data-end=\"1658\">Weekly closes carry more weight than short-term spikes when interpreting long-term structures, particularly those spanning several months.<\/p>\n<h2 data-start=\"1660\" data-end=\"1707\">Breakout opens path toward $0.50\u2013$0.60 range<\/h2>\n<p data-start=\"1709\" data-end=\"2013\">If the current move holds, Dogecoin\u2019s next resistance zone lies in the $0.50\u2013$0.60 range.<\/p>\n<p data-start=\"1709\" data-end=\"2013\">There is limited historical resistance until that level, making a sharp climb feasible.<\/p>\n<p data-start=\"1709\" data-end=\"2013\">Dogecoin has previously demonstrated that, once past key levels, price momentum can accelerate rapidly with minimal pullbacks.<\/p>\n<p data-start=\"2015\" data-end=\"2328\">This scenario played out in October last year when DOGE broke through a similar pattern and surged 600\u202f% within weeks.<\/p>\n<p data-start=\"2015\" data-end=\"2328\">While history does not guarantee repetition, the resemblance in structure has drawn attention from chart analysts across the market, especially those tracking behavioural patterns in meme coins.<\/p>\n<h2 data-start=\"2330\" data-end=\"2377\">Memecoin sentiment may shift on confirmation<\/h2>\n<p data-start=\"2379\" data-end=\"2742\">Dogecoin remains the largest meme coin by market cap and is often viewed as a bellwether for sentiment in the altcoin sector.<\/p>\n<p data-start=\"2379\" data-end=\"2742\">Breakouts in DOGE tend to precede rallies in smaller meme tokens.<\/p>\n<p data-start=\"2379\" data-end=\"2742\">If the weekly close confirms this breakout, it could trigger renewed interest and investment in the broader memecoin market, and altcoin trading volumes may rise in tandem.<\/p>\n<p data-start=\"2744\" data-end=\"2975\">The current rally aligns with early signs of recovery in the altcoin space, where tokens typically gain momentum in response to improving market sentiment.<\/p>\n<p data-start=\"2744\" data-end=\"2975\">Dogecoin\u2019s performance this week may signal that the shift is already underway.<\/p>\n<h2 data-start=\"2977\" data-end=\"3013\">All eyes on Sunday\u2019s weekly close<\/h2>\n<p data-start=\"3015\" data-end=\"3237\">Although Dogecoin has broken the downtrend intraday, the crucial milestone is Sunday\u2019s weekly close.<\/p>\n<p data-start=\"3015\" data-end=\"3237\">A sustained close above the trendline would validate the breakout and give traders confidence in pursuing higher targets.<\/p>\n<p data-start=\"3239\" data-end=\"3455\">If rejected before then, DOGE may re-enter the previous range, delaying the bullish thesis.<\/p>\n<p data-start=\"3239\" data-end=\"3455\">For now, however, the structure, volume, and price action all point toward a potential upside continuation in the near term.<\/p>\n<div class=\"ad-banner  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Weekly close could confirm a breakout and a rally setup. Pattern mirrors October 2023\u2019s 600\u202f% surge. A breakout could shift sentiment across meme coins. Dogecoin (DOGEUSD) is now trading at $0.2416, up 12.48\u202f% in the past 24 hours, after breaking above [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":56165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56164"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=56164"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56164\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/56165"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=56164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=56164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=56164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}