Jakarta, Pintu News – On June 15, Dogecoin experienced a 7.49% day decline in the last 24 hours. This drop came amidst great attention to the new token, PUMP, which may have caused traders’ attention to shift away from meme coins like DOGE.

However, despite the continued decline, the bullish pattern shows that the Dogecoin price still has the potential to rise by 130% until it reaches $0.45.

So, how is the Dogecoin price moving today?

Dogecoin Price Rises 2.60% in 24 Hours

On July 16, 2025, the price of Dogecoin saw a 2.60% increase over the past 24 hours, trading at $0.1964, which is equivalent to IDR 3,196. DOGE reached a low of IDR 3,058 and a high of IDR 3,285 during the day.

At the time of writing, Dogecoin’s market cap stands at around $29.48 billion, with trading volume dropping 25% to $2.06 billion within 24 hours.

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Dogecoin price eyes 130% surge as 8-month pattern nears completion

The price of DOGE has been forming a double bottom pattern for the past eight months since December 2024, and this pattern is now almost confirmed. This will happen when the price can cross the resistance level at $0.259, at which point the current trend will change from bearish to bullish.

At current values, the Dogecoin price is only 30% away from this resistance level, and if the overall crypto market sentiment comes back in favor of bullish traders, the DOGE price could surge to reach this level.

If that happens, there could be a further move towards $0.47, where traders who bought now could record a 130% profit.

The likelihood of this pattern occurring is contingent on strong buying pressure remaining, as it did in the past week.

If buyers start to hesitate, Dogecoin’s price projection will turn bearish due to the failure to rally above the $0.259 resistance level.

The RSI indicator also shows a big obstacle at $0.19 that the price needs to cross before the next bullish leg. Unless the RSI surpasses 50, the price of DOGE will probably remain trapped below the neckline resistance level.

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PUMP Token May Delay Dogecoin’s Rally

The PUMP token has been launched on exchanges, and despite a 12% drop in the last 24 hours, traders continue to look for opportunities to invest in this new coin.

Given the popularity of Pump.fun as a meme coin launchpad, traders expect that the token may experience some upside, which could lead to a decrease in buying activity against DOGE, which in turn affects Dogecoin’s price performance.

According to data from Lookonchain, a whale wallet known for buying new tokens, has bought $2 million worth of PUMP tokens in the last 24 hours. On Hyperliquid , the whales have opened a $20 million long position in the new token.

This increased attention to new tokens related to meme coins could be bearish for the DOGE price, as speculative traders are likely to lock in profits with PUMPs while Dogecoin’s rally stalls.

Still, while retail and speculative interest may be shifting liquidity from Dogecoin to the new coin, Santiment points out that whales continue to steadily accumulate DOGE tokens.

In just one week, large addresses holding between 10 million and 100 million DOGE have purchased 140 million tokens.

Therefore, while the whales continue to buy at a time when most traders are looking to profit from the new token, this could give room for the Dogecoin price to recover by 130% to $0.47 as indicated by the double-bottom pattern.

However, unless buyers remain active, the probability of further downside remains high.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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