The Dogecoin price has once again captured attention with a surprising recovery in July second week of 2025. As Bitcoin reached a new all-time high (ATH) of $118,340, DOGE followed closely, breaking a key technical pattern. With expert sentiment turning bullish and political headlines adding fuel, is a DOGE price supercycle about to begin?

Technical Breakout: Falling Channel Breached In Dogecoin

On the daily time frame of Dogecoin price, it shows a well-defined falling channel formation that dominated its price action since early 2025. 

The coin had tested lower support near $0.15 multiple times and finally showed a decisive breakout above the upper trendline of the falling wedge pattern this week. Currently, Dogecoin crypto is trading near $0.198 with $30.03 billion market cap. The price has crossed above both the 20-day EMA and 50-day EMA, which is a key bullish signal, and is inching to flip the long-term 200-day EMA band.

Adding to this momentum, the Relative Strength Index (RSI) has surged to 65.55, approaching overbought territory but still showing room for further upside. Historically, such breakouts from falling wedges often mark the beginning of strong uptrends, especially when confirmed with volume and correlation.

Strong Bitcoin Correlation Driving Rally

A major catalyst behind DOGE’s current momentum is its 0.69 price correlation ratio with Bitcoin over the last 30 days. As BTC entered a price discovery phase after surpassing $118K, DOGE mirrored this optimism.

Altcoins has a past of advancing in the aftermath of a strong Bitcoin move. The same pattern is now playing out, with DOGE price breaking its long-standing resistance zones as BTC continues its bullish dominance. The next resistance level lies between $0.25 and $0.30, while a broader target for July could be near $0.40, should the rally extend.

Oliver D Maximus: “DOGE Crypto Is Money”

A crypto analyst Oliver D Maximus has declared that “DOGE is money” and called for an impending supercycle. He highlighted that Dogecoin is approaching a major weekly resistance level, and once breached, it could trigger entry into what he terms the “Green Time Cycle”, which interpreted means a phase of explosive upward movement.

Political Sentiment Boost: DOGE in Defense Headlines

In a surprising development, U.S. Secretary of Defense Pete Hegseth mentioned the DOGE Department in a July 11th announcement post on X, this is related to national defense manufacturing. 

He clearly stated that the U.S. is ramping up domestic drone production to match rising geopolitical threats and emphasized that President Trump’s June executive order paves the way for American-made products across sectors.

This not only added visibility to Dogecoin but also reinforced its status as a meme-backed asset with deep cultural integration. This is also fueling retail sentiment and increasing speculative attention.