Key Insights:
- DOGE gained over 20% in 48 hours, sparking renewed market enthusiasm.
- Price is testing a key resistance zone around the $0.27 mark.
- Trading volume jumped nearly 100%, signaling strong investor activity.
Dogecoin (DOGE) is again in the news as it is providing consecutive huge returns on investment, which makes people go crazy about it once again in the crypto markets. Within the last two days, there was a rise in the price of DOGE by over 20% due to explosive trading volume and investor sentiment. The meme-based crypto has not only regained important price levels, but it has also threatened a crucial resistance area that may shape its price direction soon. Since the market is gaining momentum, market watchers are closely observing whether this rally will have the strength to bust out or if it is about to undergo a quick temper.
Crypto analyst Ali believes that due to a solid 9.74% daily move, the Dogecoin (DOGE) is now trading at an important resistance area level of around 0.27, and it closed at $0.26487 on July 20, 2025. As indicated by the chart, DOGE has pierced through old resistance between $0.23 and $0.25, and it is now testing the old resistance (turned support) between $0.27 and $0.25.
The recent price action, which is characterized by a big move upwards with a big breakout and accompanied by high volatility, is an indication that there may be high bullish momentum, but the circled area poses the risk of consolidation or rejection. In case DOGE continues to post impressive gains above this resistance threshold, then the next resistance barriers can be seen to be at around $0.33, whereas a failure to sustain above the resistance level can see it retest support at the $0.25 level.
Dogecoin Soars Over 10% in 24 Hours Amid Surging Volume
Dogecoin (DOGE) is up by 10.68% during the last 24 hours to now trade at $0.2788 at the latest trading figures, and it is showing a market cap of an increasingly high 41.88 billion. The trading volume was increased by almost 100% to the amount of $6.93 billion, and this indicates that there has been a tremendous inflow of tracker investor interest.
The price rally initiated at approximately $0.2528 was able to gather strength throughout the 21st of July and show a well-maintained upward trend, with the rally stopping near the top point of the day. Having a fully diluted valuation (FDV) that equals market cap and a circulating supply of $150.18 billion DOGE, the memecoin still shows strong activity, which might be caused by the overall market optimism or speculative demand.
