Usman Salis
Dogecoin (DOGE), the popular meme-turned-mainstream cryptocurrency, is once again back in the spotlight. A recent breakout from a long-standing downtrend has caught the attention of traders and analysts alike. With price projections pointing to a possible 10x rally, the market is buzzing with anticipation over whether DOGE can replicate its past explosive moves.
Dogecoin Price Breakout Ignites Bullish Forecast
Dogecoin (DOGE) has officially broken out of a prolonged downtrend, sparking renewed bullish sentiment. As of July 24, 2025, DOGE is trading at $0.2386, marking a slight 0.42% dip on the day. However, the technical structure indicates the groundwork is set for a major upside move.
The breakout from a descending resistance line, followed by a textbook retest near $0.22, suggests that buyers are reclaiming control. Key resistance levels ahead include $0.77, followed by $2.33 and ultimately $3.20, according to Fibonacci extension analysis on the provided chart.
Traders Eye 10x Upside Toward $3.20
Technical projections outline a potential path for Dogecoin (DOGE) price to multiply by more than 10x. If bullish momentum sustains, the price could move from current levels of $0.2386 up to the next wave targets near $2.30–$3.20.
The breakout and retest pattern is often viewed as a strong continuation signal, and Dogecoin's ability to hold above $0.22 reinforces the bullish thesis. If this trajectory holds, DOGE could reclaim its place among the top-performing cryptocurrencies of the cycle.
Usman Salis
