What happened?
DOGE jumped about 15% over the past week as the crypto market bounced off key support levels, and several monthly technical indicators flipped to buy according to traders. A popular X user, Kevin Capital, highlighted Monthly StochRSI and an uptrending Monthly RSI that have historically preceded big breakouts. Together these signals point to renewed bullish momentum and a possible breakout if DOGE clears the current price channel.
Who does this affect?
This matters first for DOGE holders and short-term traders who stand to benefit if the rally continues and a breakout happens. It also grabs the attention of institutional investors and ETF watchers as growing adoption of meme coins could bring more capital into the market. Finally, speculative projects and retail communities—like those backing Maxi Doge and other presales—could see extra interest as traders chase higher returns.
Why does this matter?
If the bullish setup plays out, DOGE could reach $1 in this cycle and potentially go higher long term, which would boost overall market sentiment across crypto. A convincing rally would likely attract more retail and institutional money, encourage more listings and ETF products tied to meme coins, and increase speculative flows. That creates opportunities for big gains but also raises risks from rapid, leveraged moves and crowded trades.