- Dogecoin price confirms a triangle breakout on the 4H chart.
- DOGE bulls target $0.30 amid the renewed upside momentum.
- $0.1969 is the level to beat for the bears amid bullish RSI.
Dogecoin price is jumping this Sunday, displaying a solid start to August, as a fresh buying wave grips the crypto market, with Bitcoin challenging two-month tops above $42,000.
DOGE price has gained about 5% in the past four hours, as it hovers around $0.2150, having witnessed two straight weekly rise.
The eleventh most traded coin posted 11.50% gains over the last seven days after receiving endorsements from two technology giants. Tesla Inc. CEO Elon Musk tweeted out; the meme coin isn't a speculative asset but rather "dogecoin is money."
Meanwhile, the report that the number of global crypto users doubled to 200 million in four months, courtesy of the growing interest in tokens such as Shiba Inu (SHIB) and dogecoin (DOGE) among others, helped keep the buoyant tone intact around the canine-inspired coin.
DOGE/USD: Technical setup indicates more room to the upside
The meme-coin confirmed a descending triangle breakout on the four-hour chart in the last hour, following a candlestick closing above the falling trendline resistance at $0.2103, where the bearish 200-Simple Moving Average (SMA) coincides.
The upside breakout has opened gates for a rally towards the July 26 high of $0.2336, above which the $0.25 psychological magnate could be challenged.
Further up, the $0.30 round number could test the bullish commitments. Justifying the move higher, the Relative Strength Index (RSI) holds comfortably above the midline while sitting beneath the overbought territory.
DOGE/USD: Four-hour chart
Any pullbacks will meet initial demand at $0.2100, the abovementioned key resistance now turned support.
The next relevant support is seen around $2050, the confluence of the mildly bullish 21 and 50-SMAs.
The triangle support at $0.1969 is likely to be the line in the sand for the DOGE buyers.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks

Ripple Price Prediction: How tokenized treasuries could accelerate XRP to $10 by end-2025
The adoption of cryptocurrency-related financial products, including tokenized treasuries, is on overdrive globally, with the focus now shifting to robust networks such as Ripple's XRP Ledger (XRPL).

Sei rallies as Wyoming selects protocol for WYST stablecoin pilot
Sei extends gains above $0.21, decoupling the token from the broader crypto market amid low sentiment and macroeconomic uncertainty. The Wyoming Stable Token Commission selects Sei Network as a candidate blockchain for the WYST, the first fiat-backed stablecoin issued by a US state.

Crypto Today: Bitcoin, Ethereum, XRP nudge higher as geopolitical tensions take a backseat
Bitcoin bulls step up, pushing the price above $106,000, as Trump said he would delay his decision about launching strikes on Iran for up to two weeks. Ethereum rebounds from the 200-day EMA support at $2,477 amid steady interest in the derivatives market.

Solana eyes trend reversal as bearish momentum bottoms out above $140
Solana experiences a minor uptick of under 1% at press time on Friday, with multiple long shadow candles forming above $140 as bearish momentum fades off. The optimism surrounding Solana is on the rise, as evidenced by the SOL Open Interest reaching a weekly high.

Bitcoin Weekly Forecast: The calm before the storm
Bitcoin (BTC) price remains steady above a key support level, trading slightly above $106,000 at the time of writing on Friday. The uncertainty looms as geopolitical tensions between Iran and Israel show no sign yet of an exit strategy from either side.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.