Dogecoin Rise: Is a Super Cycle About to Happen?

Dogecoin once again draws attention with an incredible bounce back in the second week of July 2025. As Bitcoin reached a new all-time high of 118,340 dollars, DOGE also kept up, breaking down a crucial technical pattern. With the optimistic sentiment of experts and political headlines adding fuel, is a DOGE price super cycle about to begin? Technical Breakthrough: Downtrend Channel Broken in Dogecoin On the daily timeframe of Dogecoin price, it shows a clear descending channel that has dominated its price action since the beginning of 2025. This coin has tested the lower support level near $0.15 multiple times and has finally made a spectacular breakout above the upper trend line of the descending wedge pattern this week. Currently, the cryptocurrency Dogecoin is trading near $0.198 with a market cap of $30.03 billion. The price has surpassed both the 20-day EMA and the 50-day EMA, which is a significant bullish signal, and is gradually exceeding the long-term 200-day EMA band.

Contributing to this upward momentum, the Relative Strength Index (RSI) has surged to 65.55, nearing the overbought zone but still indicating the potential for further price increases. Historically, breakouts from such descending wedge patterns often mark the beginning of a strong bullish trend, especially when confirmed by trading volume and correlation. The Strong Correlation of Bitcoin Drives Price Increase The main driving force behind the current growth of DOGE is its price correlation coefficient of 0.69 with Bitcoin over the past 30 days. As BTC enters the price discovery phase after breaking through the $118,000 mark, DOGE also reflects this optimism. Altcoins have a history of rising after strong fluctuations of Bitcoin. A similar pattern is currently unfolding, with DOGE breaking through long-standing resistance levels as BTC continues to maintain its dominant position. The next resistance level lies in the range of $0.25 to $0.30, while the broader target for July could be near $0.40 if the uptrend continues. Oliver D Maximus: "DOGE Cryptocurrency Is Money" Cryptocurrency analyst Oliver D. Maximus has stated that "DOGE is money" and predicts a super cycle is about to occur. He emphasizes that Dogecoin is approaching an important weekly resistance level, and once it breaks down, it could trigger the onset of what he calls the "Green Time Cycle," understood as a period of explosive growth.

Strengthening Political Affection: DOGE in National Defense Headlines In a surprising development, U.S. Secretary of Defense Pete Hegseth mentioned the DOGE Department in a post announcing on July 11 on X, related to defense production. He clearly stated that the United States is ramping up domestic drone production to respond to increasing geopolitical threats and emphasized that President Trump's executive order in June paved the way for U.S.-made products across all sectors. This not only helps Dogecoin to be more widely recognized but also reinforces its position as an asset supported by memes with deep cultural integration. This also boosts retail sentiment and increases speculative attention. $DOGE {spot}(DOGEUSDT)