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The Dogecoin price jumped 7% in the last 24 hours, trading at $0.2154 as of 5:19 a.m. EST, with trading volume surging 79% to $10.1 billion.
The DOGE price surge comes as Ali Martinez, a popular crypto analyst on X, predicts a major bullish breakout for the asset.
This looks like a major bullish breakout for Dogecoin $DOGE! pic.twitter.com/kmmjL7WKLZ
— Ali (@ali_charts) July 17, 2025
With the meme coin space gaining over 6% in the last 24 hours to a $79 billion market capitalization, can the Dogecoin price keep soaring?
Dogecoin Price Breakout Signals A Continued Surge
The DOGE price has recently broken out of a descending triangle pattern on the 3-day chart.
This bullish breakout is supported by a breakout candle with a close above both the 50 ($0.1859) and 200 ($0.1774) Simple Moving Averages (SMAs), indicative of a trend reversal from bearish to bullish.
The Dogecoin price has now moved above the key Fibonacci level at $0.1837 (0.786 retracement), with current trading at around $0.2154, as GeckoTerminal data shows.
Meanwhile, the Relative Strength Index (RSI) is at 59.57, approaching the overbought territory but still leaving room for upward momentum. This level suggests buyers are gaining strength but have not yet pushed the market into an overheated state.
Moreover, the Moving Average Convergence Divergence (MACD) histogram has flipped slightly positive, and the MACD line has crossed above the signal line, confirming a bullish momentum shift.
With overall momentum turning positive and a clean breakout from the descending triangle consolidation, the DOGE price is now targeting the next major resistance at the 0.618 Fibonacci level near $0.2474.
If the bullish sentiment continues, Dogecoin price action could test the $0.2922 (0.5 Fib) level in the coming weeks.
However, a short-term retest around the $0.1850 zone is possible before any bullish continuation.
Meanwhile, investors are piling into a new BTC-themed meme coin called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could soar 10X after launch.
Bitcoin Hyper Token Presale Raises Over $3.1 Million – Next 10X Crypto?
Bitcoin Hyper, a new project that’s building a layer-2 network for Bitcoin, has already raised over $3.16 million through its ongoing presale.
Meanwhile, Bitcoin (BTC), the world’s first and most dominant cryptocurrency, continues to hold a commanding lead in the market.
While Bitcoin is celebrated for its security and decentralization, it faces well-known challenges around transaction speed and cost. Bitcoin Hyper aims to fix that by creating a fast, secure, and low-cost alternative layer.
Unlike standard Bitcoin transactions that can be sluggish and expensive, Bitcoin Hyper enables lightning-fast and cost-effective operations.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
It’s built on a high-throughput virtual machine inspired by Solana’s SVM, which enables enhanced functionality, including smart contracts, decentralized applications (dApps), and even DeFi tools, all running in parallel with Bitcoin.
For investors seeking a secure platform, this may be the perfect project, as it utilizes a Canonical Bridge that supports layer-2 speed and cost efficiency.
The project is also offering investors an impressive 285% annual percentage yield (APY) for purchasing and staking HYPER tokens.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER tokens for $0.0123 each using crypto or a bank card.
Buy before the next presale price increase in about 31 hours.
Visit the Bitcoin Hyper website.
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