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Market Analysis

Crypto Market Rallies as DOGE Prepares for $0.5 Target

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James Obande

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3 mins
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Dogecoin

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Key Takeaways

  • DOGE’s price breakout is imminent as the price gains internet buzz ahead of its $1 price target.
  • Genius Act law for crypto sees market gains rally as DOGE prepares for a 400% price gain. 
  • Crypto experts suggest a breakout above $0.26 could see price melt many faces as traders position themselves. 

The crypto market is buzzing following the likes of Bitcoin, XRP, and Ethereum all hitting new highs of $120,000, $ 3.60, and $3,660, respectively, fueling much price speculation for these crypto assets as crypto experts suggest the altcoin bull market is closer than expected. 

Following such a price rally, BONK, PEPE, and FLOKI have all broken out of their previous market downtrend to enter an uptrend, as prices aim to maintain a bullish price rally. However, DOGE has had a slow start to its rally in the last few days, falling from its high of $0.45 to a key low of $0.16; however, the price is looking ready for a rally to the upside. 

Dogecoin (DOGE) is exhibiting some interesting market price action, as a breakout above its key resistance level of $0.26 could spark a strong market rally towards $1, based on market expectations from crypto traders and investors. 

DOGE Market Sentiment

The DOGE market sentiment of $1 is back on the books again, ahead of a strong price breakout, with market speculations from crypto expert Ali Martinez suggesting that the price of DOGE faces key resistance, which would influence a market rally upon a successful breakout with strong volume. 

The last month has been impressive for DOGE, with several price gains of around 50% suggesting that the price could rally higher following a strong breakout above $0.26, which has acted as resistance based on its technical analysis of the price. 

DOGE Technical Analysis – Why $1 is Imminent

DOGEUSDT 2025 07 19 10 33 59

DOGE Price Chart – Source TradingView

The price of DOGE reaching a potential $1, based on market speculation, could mean a 400% rally for the notable memecoin. However, such a price expectation in the past, as the price traded towards $0.5, didn’t turn out as expected.

However, DOGE is on the verge of breaking above its $0.26 resistance. Trading with strong volume towards $0.28 could lead to a sustained price rally to a high of $0.5 and subsequently towards $1.

Crypto expert Brazilzz on X shared similar market price action for DOGE, as he expected the price to break above $0.26, which would give bulls and traders strong bullish conviction for a rally towards $1.

According to the crypto trader, the memecoin DOGE is breaking out, maintaining an overall bullish sentiment.

Overall market sentiment for DOGE is bullish as traders expect a breakout above $0.26, which would lead to a rally towards $0.5 to $1 price target.

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James Obande

About the Author

James is a dynamic cryptocurrency content writer and technical analyst knowledgeable about the crypto space and its technologies. His unique view regarding the crypto market and his years of experience have helped him create engaging content around DeFi, AI, DePIN, Altcoins analysis, and new crypto narratives. His meticulous research and insight help different audiences, including newbies, navigate the volatile crypto world.