July has brought renewed excitement to Dogecoin as market optimism, ETF discussions, and a surge of social media buzz propel the popular meme coin forward. With Bitcoin approaching new highs and other altcoins following suit, the price of DOGE has been steadily rising, drawing attention with its characteristic mix of community support and price volatility. In addition to its meme status, Dogecoin is benefiting from increased speculation about potential ETF inclusion, as well as wider adoption on social media platforms and through integrations.
The big question now is whether Dogecoin is gearing up for another breakout or simply experiencing a temporary resurgence.
ETF Buzz: Could Dogecoin Be Next?
The anticipation surrounding a possible Dogecoin ETF is rapidly growing in 2025, with major asset managers like Grayscale, 21Shares, and Bitwise submitting applications to the SEC. Despite recent regulatory delays, optimism remains high, with some analysts giving a 90% chance of approval by the end of the year. If approved, an ETF could attract institutional interest, increase liquidity, and legitimize the meme coin within the broader financial system.
The next significant date to watch is August 17, 2025, when the SEC is expected to respond to the 21Shares application. Bullish sentiment has already been seen in DOGE, fueled by speculation surrounding this potential ETF. Following the success of Bitcoin and Ethereum spot ETFs, Dogecoin could be next in line for mainstream adoption.
What’s Next: Will Dogecoin (DOGE) Price Reach $1 in 2025?
Looking beyond short-term fluctuations, the long-term price action suggests significant potential for continued upward momentum. After a recent rejection from a resistance zone between $0.2180 and $0.2327, bulls are working to push the price back above $0.2, while bears have seemingly given up the range just below the resistance.
Analysis of the weekly chart indicates that the price has held a strong ascending trend line as support and recently initiated a rebound. Additionally, the weekly MACD, which has been in negative territory since the beginning of the year, shows a decrease in selling pressure. The weekly DMI is on the verge of turning bullish, with the conversion line and base line approaching a bullish crossover.
Interestingly, the weekly candle has formed a bearish Doji, which historically has been followed by range-bound consolidation, a minor pullback, and a significant rise. Therefore, it is expected that the Dogecoin (DOGE) price will consolidate between $0.165 and $0.177 for a period before making a strong move towards the resistance zone between $0.218 and $0.232. A breakout from this range could potentially push the price to $0.25.
