Dogecoin experienced a remarkable 63% surge in July 2025, reclaiming critical support levels and setting sights on long-term resistance near $0.40 amid strong accumulation trends.
The rally from $0.15667 to $0.27031 signals renewed bullish momentum, supported by key accumulation zones and minimal resistance above $0.40.
According to “Galaxy” on X, Dogecoin may be on the verge of a multi-year trend shift, with a wide bullish monthly candle indicating sustained buying pressure since early July.
Dogecoin’s 63% July surge highlights strong accumulation and a test of long-term resistance near $0.40, signaling potential trend reversal and renewed bullish momentum.
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Dogecoin Approaches Critical Long-Term Trendline Resistance
Dogecoin’s price action in July 2025 demonstrates a significant rebound as it approaches a key descending resistance trendline originating from its 2021 all-time high near $0.86. This trendline has historically capped rallies, and a decisive monthly close above it could indicate a fundamental shift in market sentiment. The recent flip of previous resistance levels into support, particularly around the $0.20 to $0.27 range, strengthens the case for sustained upward momentum. Investors should closely monitor price behavior near the $0.40 to $0.45 zone, where this trendline intersects, as it represents a critical juncture for Dogecoin’s medium to long-term trajectory.
Support Levels Reinforced by Historical Accumulation Zones
Analysis of the UTXO Realized Price Distribution reveals substantial accumulation between $0.056 and $0.24, with the largest cluster centered around $0.056 where over 29 billion DOGE last changed hands. These accumulation zones act as robust support foundations, reducing downside risk and providing a base for further price appreciation. Additional significant clusters at $0.102, $0.195, and $0.243, each with volumes ranging from 5 to 10 billion DOGE, further validate the strength of these support levels. This distribution suggests that investor interest remains strong at lower price points, which could limit volatility and support sustained recovery.
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Emerging Resistance at $0.36 and $0.40 Levels
Resistance is forming near $0.36, where a notable volume of over 5 billion DOGE last transacted, indicating a potential supply zone as holders may seek to realize profits. The convergence of this resistance with the long-term descending trendline near $0.40 compounds the challenge for bulls. However, the relatively low volume of realized transactions above $0.40 suggests that once this resistance is overcome, Dogecoin could face less friction in advancing towards higher price targets. Maintaining support above the $0.20 to $0.27 range remains crucial for any sustainable breakout, as this zone underpins the recent bullish momentum.
Market Sentiment and Future Outlook
Market sentiment, as reflected by “Galaxy” on X, points to a potential multi-year trend shift driven by historical accumulation and technical factors. The formation of a wide bullish monthly candle underscores strong buying interest and a possible transition from a prolonged correction phase to renewed growth. Investors and traders should watch for confirmation through monthly closes above key resistance levels, which could signal the start of a new bullish cycle. Meanwhile, the accumulation zones provide a safety net that may encourage further participation and reduce downside risks.
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Dogecoin’s sharp 63% rally in July 2025, supported by substantial accumulation and the reclaiming of critical support levels, positions it at a pivotal point near long-term resistance around $0.40. The interplay between historical accumulation zones and emerging resistance clusters will likely dictate the near-term price trajectory. A successful break above the descending trendline could mark a significant trend reversal, attracting renewed investor interest. Maintaining support above $0.20–$0.27 is essential for sustaining momentum, making this range a key area to watch. Overall, Dogecoin’s current technical setup suggests cautious optimism for continued recovery and potential bullish expansion.
Source: https://en.coinotag.com/dogecoin-shows-potential-recovery-signs-as-it-approaches-key-resistance-near-0-40/