Dogecoin’s Meteoric Rise: A Supercycle or Just Another Fad?

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Well, well, well, look who’s back in the spotlight! Dogecoin has once again managed to grab the spotlight with a rather unexpected rebound in the second week of July 2025. As Bitcoin prances to a new all-time high of $118,340, our beloved DOGE follows, with its tail wagging and breaking through a rather significant technical pattern. Is this a sign of a DOGE price supercycle? Or are we just chasing another tail?

Technical Breakout: A Falling Channel Finds Itself Out of a Sticky Situation

Ah, the daily time frame of Dogecoin’s price chart. It has a lovely falling channel formation, which has been dominating its price action since early 2025. It had been bouncing off a rather cozy lower support near $0.15, almost as though it was trying to get comfortable. But wait! This week, it showed a rather cheeky breakout above the upper trendline of the falling wedge. The coin is now trading at $0.198, with a market cap of $30.03 billion. Oh, and it’s now above both the 20-day and 50-day EMAs, which is, if I may say so, a rather bullish signal. Could it be headed for the long-term 200-day EMA band? Stay tuned!

But wait, there’s more! The Relative Strength Index (RSI) has surged to 65.55, which, let’s be honest, is creeping into the overbought zone, but there’s still room for more upside. And if history has taught us anything, such breakouts from falling wedges typically lead to rather exciting uptrends—especially when there’s a lovely volume and correlation to back it up. Aren’t we just on the edge of our seats?

Strong Bitcoin Correlation: DOGE’s New Best Friend

Ah, the tale of the price correlation ratio. Dogecoin and Bitcoin are practically BFFs, with a 0.69 correlation ratio over the last 30 days. When Bitcoin decided to go for the high life, surpassing $118K, DOGE was right there, wagging its tail in pure optimism.

Altcoins have a tendency to rise like a phoenix after Bitcoin flexes its muscles, and lo and behold, DOGE is now breaking through its long-standing resistance zones. With BTC still holding strong, the next resistance for DOGE lies somewhere between $0.25 and $0.30, and a rather ambitious target for July could be $0.40, should the rally continue. Ah, the sweet smell of potential profits!

Oliver D Maximus: “DOGE Crypto Is Money” (Yes, Really)

In a rather bold declaration, crypto analyst Oliver D Maximus has proclaimed that “DOGE is money.” I mean, who are we to argue? He’s now calling for an impending supercycle, noting that Dogecoin is approaching a key weekly resistance level. Once that resistance gives way, we might just enter what he so delightfully dubs the “Green Time Cycle,” which, as far as I can gather, means a phase of explosive upward movement. Sounds exciting, doesn’t it?

$DOGE weekly: It has entered the green time cycle. I expect a huge move in the coming weeks.

Super Cycle $DOGE is money

— Olivier Ð Ma𝕏imus (@Dark64) July 11, 2025

Political Sentiment Boost: DOGE Now a National Hero?

Hold on, things just got real. In an unexpected twist, U.S. Secretary of Defense Pete Hegseth made an appearance in Dogecoin’s life on July 11th. Yes, really. He mentioned the DOGE Department in a post on X, linking it to national defense manufacturing. Apparently, the U.S. is ramping up drone production to address those pesky geopolitical threats, and—wait for it—President Trump’s executive order paves the way for American-made products across sectors. And there it is—Dogecoin gets a moment in the defense spotlight. Who knew it would be so… powerful?

This little nugget of attention not only boosts DOGE’s visibility but also reinforces its status as a meme-backed asset with deep cultural roots. Oh, and did I mention it’s fueling retail sentiment and drawing speculative attention like a moth to a flame? I can only imagine the excitement in the air. 😏

Unleashing U.S. Military Drone Dominance @DOGE

— Secretary of Defense Pete Hegseth (@SecDef) July 10, 2025

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2025-07-11 16:12