Dogecoin price prediction – 77% gains in July, more to follow soon?

Key Points

1. Dogecoin (DOGE) led the memecoin sector's recovery with a 77% gain in July, the largest rally among top memecoins.

2. On-chain metrics show rising network activity, with daily active addresses and transaction counts increasing, signaling potential continued growth.

3. The price broke out of a consolidation range ($0.142-$0.25) with strong trading volume, targeting at least $0.33, with $0.357 as a bullish prediction for the next month or two.

4. Psychological resistance at $0.4 could be a significant obstacle, as it was a key level from November 2024 to January 2025.

5. A short-term pullback to $0.25 or $0.26 may present a buying opportunity.