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- Dogecoin has surged over 10% and could reach $1.16, marking a 559% gain from current levels.
- Trading above EMA89 and MA200 confirms a bullish trend with long-term breakout potential.
In the past 24 hours, the price of Dogecoin (DOGE) has surged 10.91% to $0.2404. This surge isn’t just a matter of spur-of-the-moment speculation, but rather a result of more and more companies starting to consider Dogecoin as part of their financial strategies.
One of the companies is Thumzup Media. The company recently announced its intention to hold up to $250 million in crypto assets, including Dogecoin. They believe this decision makes sense given the increased regulatory clarity and the need to protect against increasingly unpredictable inflation.
Furthermore, Bit Origin has taken a much bolder step. The company publicly allocated $500 million specifically for Dogecoin as part of its treasury fund. This makes them the first major US company to officially hold financial reserves in DOGE. Combined, these two corporate actions equate to approximately 2.1% of the total DOGE supply in circulation.
DOGE Breaks Key Levels as Analyst Eyes 559% Rally
Furthermore, technical data also strengthens this bullish narrative. Dogecoin’s weekly close above the 13-day moving average (EMA13) in July 2025 was highlighted by CNF due to its similarity to the bullish impulse pattern seen in 2023 and 2024. Now, DOGE has even broken through the 89-day moving average (EMA200) and 200-day moving average (MA200)—two indicators often used as benchmarks for long-term signals.
Meanwhile, the RSI(7) is at 84.21. This means DOGE has entered the overbought zone, but this actually indicates still very strong buying pressure. Furthermore, the MACD indicator has just shown a positive histogram of +0.0048 for the first time since July 14th. This indicates a potential bullish crossover that could push the price further.
Amid all this good news, popular crypto analyst Master Ananda stated that Dogecoin could likely reach $1.16 this cycle. This represents an increase of about 559% from its current price. Ananda stated that a four-week pattern with green candles indicates the strength of the ongoing trend. In fact, if the market really goes crazy, the increase could be even greater.
Interestingly, according to the analyst, Dogecoin and Cardano tend to move similarly. If one starts to rise, the other usually follows. So, DOGE’s current movement could also be a signal for similar altcoins.
Dogecoin Rally May Get Boost from Inflation Cut Proposal
Even though the price has risen, the opportunity is not yet closed. Master Ananda stated that experienced traders can use leverage with great caution—as long as the liquidation level remains below the 200-day moving average (MA200). However, he also reminded that if the intention is simply to gamble, that’s a personal choice. The important thing is to stick to the principle: low risk, high profit potential.
Beyond technical aspects and corporate actions, there is one more factor that could strengthen Dogecoin’s bullish narrative. A proposal on GitHub (#3776) is being discussed to reduce the annual DOGE issuance from 5 billion to just 500 million coins. If implemented, this would reduce Dogecoin’s inflation rate from 3.3% to just around 0.3%. The impact? Tighter supply, potentially higher demand.