Dogecoin Soars to New Heights – Is $0.36 the Next Stop, or Will It Hit $0.54?

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TL;DR

  • Dogecoin surges by 14% in just 24 hours, leaving $0.20 resistance behind as trading volume and momentum climb. 🚀
  • On-chain data suggests a weak resistance zone ahead, with $0.36 looming as the next battlefield for holders. 💥
  • Chart breakout from falling wedge supports the bull run, eyes on a potential $0.54 target! 🔥
  • Bit Origin’s $500M DOGE treasury plan and the meme coin market’s growth are firing up investor confidence. 💰

Dogecoin Shatters the $0.20 Resistance Barrier

Dogecoin’s latest adventure took it from $0.21 to $0.24 in just 24 hours, ending on July 18. This thrilling ride saw prices swinging from $0.205 to $0.25—an impressive 18% jump! In the last week alone, Dogecoin rose by a solid 23%. Talk about a rollercoaster! 🎢

With a trading volume of $16.8 billion, Dogecoin is clearly the star of the crypto show right now. Whale accumulation and increasing institutional interest are driving the demand, while the meme coin market as a whole added $17 billion in July. The market cap of meme coins now sits at a comfy $72 billion. 🤑

Crypto expert Ali Martinez had a quick word about Dogecoin’s recent performance:

As Dogecoin $DOGE breezes past the $0.20 resistance, the next big target is $0.36! Hold on tight! 💥

— Ali (@ali_charts) July 18, 2025

Blockchain data backs up this theory, with $0.36 being the next likely resistance zone, thanks to previous buying activity around that level. 📊

Light Resistance Between $0.21 and $0.36

According to Glassnode, the biggest group of DOGE holders bought their coins around $0.207, with a total of 11 billion DOGE (7.3% of the supply). That price zone has been a tough nut to crack. But now that Dogecoin is trading above it, eyes are turning upwards. 🌠

Now, there’s another group of holders who bought in around $0.36, with 5.64 billion DOGE (3.8% of the supply) stacked in this range. Between $0.21 and $0.36, the data suggests there are fewer people to sell, making this stretch smoother. 🏎️

Crypto analyst CW dropped some wisdom:

“$DOGE is about to hit the sell wall zone. If it breaks past $0.293, we’ll be in uncharted territory with no more sell walls!”

Looks like the $0.293 level might hold up as the last speed bump before Dogecoin flies even higher. ⏩

Chart Patterns Say: Breakout Incoming

On the 2-day chart, Dogecoin has busted out of a falling wedge, a pattern that usually signals a shift in trend. This breakout happened right around the $0.20 mark, and now that level is acting as solid support. 💪

Captain Faibik, a crypto enthusiast, had a lot to say:

$DOGE #Dogecoin, King of Memecoins, is about to go PARABOLIC. Buckle up! 🚀

— Captain Faibik (@CryptoFaibik) July 18, 2025

Based on their chart, Dogecoin could be aiming for $0.5347—more than double its current price. The hype is real! 🔥

Dogecoin’s rise is also fueled by Bit Origin’s bold $500 million plan to create a Dogecoin treasury, a move that includes both equity and debt financing. Plus, interest in Dogecoin-linked products is going up, up, up! 💸

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2025-07-18 22:17