With a world seemingly reset, the Dogecoin price has boldly decided to embrace a trend more reminiscent of a rejuvenated phoenix than a beleaguered meme. July has demonstrated itself to be the most audaciously bullish month yet for our beloved canine token, eclipsing even the halcyon days of May. This recent surge has propelled Dogecoin above the hallowed threshold of $2.7, after a prolonged battle with the dreaded bears. Might this be a sign of an imminent renaissance for the meme coin? Time will tell, but one cannot help but suspect that it may indeed be just the beginning of a rather jolly saga. 🐾
July’s 65% Run Breaks The Q3 Curse
In a stunning twist of fate, Dogecoin has summarily dismissed any consideration of the inevitable summer crash this July. Data from CryptoRank reveals the stark truth: historically, this month has been as delightful as a wet sock, with average returns languishing at a scant 2.23% and median returns wallowing in negative territory at -4.59%. However, rather than prostrating itself before the bearish monolith, Dogecoin has reveled in its newfound optimism, achieving a staggering rally of over 65%—the boldest July on record!
Let’s not forget, the third quarter of any year has generally been an unfriendly arena for this cheeky little coin. Of the twelve years of its whimsical existence, Dogecoin has slinked into the red by the end of Q3 on a lamentable eight separate occasions, while the other quarters can boast of merely six! The audacity of this month’s 65% rally has not only cast aside the specter of the past but has brilliantly bathed Q3 in promising shades of green—66.5% in the positive, to be precise—banishing a four-year streak of red despair that has haunted us since the dark days of 2021. 💚
Volume Tells A Tale Of Bullishness
The Dogecoin price has gallantly risen by more than half this month, yet the trading volume remains conspicuously shy, akin to an introverted wallflower at a raucous party. Coinglass data indicates that this year, Dogecoin’s daily trading volume peaked at a rather modest $20.04 billion, a far cry from its dizzying heights of $60.11 billion back in the glorified days of November 2024. How absurd!
Historically, the price of Dogecoin has reached dizzying heights in tandem with volume seemingly spiking to new heights. Perhaps, just perhaps, as daily volume begins to catch up to its more flamboyant predecessor, we might witness a delightful romp toward the elusive $0.5 mark, humming merrily along the way, echoing the exhilarating bouts of November 2024. To our canine friend, we raise a glass! 🥂
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2025-07-22 16:13