Dogecoin's recent surge above the 50-day bearish trendline has reignited positive forecasts among cryptocurrency analysts.
Breaking the 50-Day Trendline
Dogecoin successfully broke above a key bearish trendline, achieving this milestone in early July 2025. This breakout has rekindled interest among analysts regarding Dogecoin as a potential investment.
Prospects for Dogecoin Rise
Following the breakout, Dogecoin's price rose from $0.1565 to $0.1726, with analysts now targeting a potential rise to $0.21 if the current momentum persists. Specialists note, "The price action shows DOGE rebounded from $0.1565 to highs above $0.1726 after breaking the 50-day trendline."
Market and Memecoins
Despite the lack of official comments from Dogecoin developers like Billy Markus, analysts have noted an increased interest in the cryptocurrency. Current technical achievements seem driven by trader enthusiasm, potentially leading to increased volatility. Analysts also recognize that such breakouts may affect other memecoins like SHIB and PEPE.
Amid uncertainty, the Dogecoin market shows signs of activity, which may lead to further changes in investment interest and potentially affect the prices of other memecoins.
