Dogecoin Price Jumps 7% as Analyst Predicts a Major Bullish Breakout – Bulls Target 100% Gains

Highlights:

• Dogecoin price jumps 7% to $0.21, marking an 18% weekly rise.
• Trading volume spikes by 81%, showing growing market interest.
• A resistance breach could push the DOGE price to $0.43, marking a 100% gain.

The Dogecoin price is showing a splendid bullish move, surging 7% to $0.21. Notably, its daily trading volume has increased by 81% indicating growing investor confidence. The hype in the dog-themed meme coin is evident, as DOGE is up 18% over the past week and 25% over the past month. 

According to a recent analysis of charts by popular crypto analyst Ali Martinez, the Dogecoin price is poised for a bullish breakout. The price has been locked in a sideways trend that is trending downwards over the past few months. However, as the price reaches an important resistance area, it may break upwards at any time soon. 

This looks like a major bullish breakout for Dogecoin $DOGE! pic.twitter.com/kmmjL7WKLZ

— Ali (@ali_charts) July 17, 2025

Another indicator given by the recent derivatives data is that the market volume and open interest of Dogecoin are increasing considerably. The trading volume of Dogecoin has increased by 52.77% and it stands at 10.15 billion. Moreover, open interest increased by 10.47% to 3.15 billion. The surge in these two indicators suggests a growing confidence among traders, with most predicting that this breakout will propel the Dogecoin price even further.

The increase in interest in Dogecoin by the two markets, with the $1.57 million in options volume and the $4.37 million in open options interest, clearly shows that the markets believe in the asset’s potential. The optimistic attitude to Dogecoin can also be observed in the long-to-short ratio, which is 0.9814. Although the ratio is close to being even, the margin in favor of long positions indicates that more traders are betting on the price of DOGE to rise.

Dogecoin Price Signals a Continued Surge

Technically, the Dogecoin price appears to have good prospects for the future. DOGE price continues to reach new highs, currently trading at $0.2137. It is worth noting that Dogecoin has breached a resistance range and is within a key turning point at 0.2207. A daily close above $0.2207 will cause a significant spike towards $0.43 soon.

Notably, the Relative Strength Index (RSI) stands at 70.96, indicating strong buying pressure on DOGE. Although this implies that the dog-themed meme coin is in overbought territory, it indicates that demand remains high. Moreover, the Moving Average Convergence Divergence ( MACD ) indicator has recently revealed positive momentum. This implies that further bullish movement can also be observed as the green histograms are increasing in size.

DOGE Bulls Eye 100% Extra Gains If Resistance Key Gives Way

A quick overview of the DOGE daily chart above indicates a bullish grip, tilting the odds in favor of the bulls. If the Dogecoin price breaks the resistance of $0.2207, it will ignite a rally towards $0.43, marking approximately a 100% gain. 

However, with the market currently at overbought levels, investors should be cautious, as the price may experience a slight pullback. In that, if the $0.22 barrier proves too strong, a drop towards $0.19-$0.17 support zones could be imminent. 

Meanwhile, meme coins are volatile, so keep an eye on broader crypto trends and sentiment on X, because FOMO could either boost or end this run. In the short term, the Dogecoin price has the potential to reach $0.28 to $0.34 if momentum persists. In the long term, breaking $0.34 could signal a parabolic move to $0.43.