Dogecoin News on July 17, 2025: Is This Meme Coin Ready to Shine?

Dogecoin trades near $0.20 on July 17, 2025. Can this meme coin finally hit $1?

Dogecoin, the beloved meme coin, is once again making waves in the crypto world on July 17, 2025. Priced at around $0.20, it’s been a rollercoaster ride for this Shiba Inu-inspired token lately. Investors are buzzing with one big question: can Dogecoin finally hit that elusive $1 mark fans have been dreaming of for years? Let’s dive into the latest trends, market data, and what’s driving this quirky coin’s price action. Over the past week, Dogecoin has climbed 15%, rising from $0.17 to about $0.20. This uptick follows a sharp 10% correction earlier in July, triggered by profit-taking after Bitcoin’s record-breaking run. Daily charts reveal a bullish double-bottom pattern forming around the $0.157–$0.158 range, backed by above-average trading volume. It’s a sign that buyers might be regaining control. But is this enough to push past the stubborn $0.22 resistance level? One of the biggest drivers behind Dogecoin’s recent moves is the buzz around institutional and community support. Speculation about Dogecoin ETF approvals in the U.S., with applications from firms like Bitwise and 21Shares, has fueled optimism. The SEC’s review deadline for these ETFs was extended to mid-June 2025, and some believe approval could spark a surge in demand. Then there’s the unwavering community spirit—Dogecoin’s fanbase is legendary for its enthusiasm. Could this social momentum, paired with institutional interest, propel the coin to new heights? Technically, Dogecoin is trading within an ascending channel. The RSI on daily charts is hovering near 60, suggesting bullish momentum without being overbought. A break above $0.22 could pave the way for a run to $0.27. On the flip side, if it falters, support levels at $0.17 and $0.15 could act as safety nets. Trading volume over the past 24 hours hit $4.8 billion, signaling robust market activity. But it’s not all smooth sailing. Dogecoin faces challenges that keep investors on edge. Its centralized structure—46% of the supply is held by just 10 wallets—raises concerns about potential price manipulation. Plus, its reliance on market sentiment and news cycles can amplify volatility. A recent drop from $0.21 to $0.19 in under 24 hours is a reminder of how quickly things can shift. Is this volatility a hurdle or just part of the meme coin’s charm? Fundamentally, Dogecoin’s strength lies in its widespread use for online payments and tipping on social platforms. With over 150 billion tokens in circulation and 10,000 new coins mined every minute, its unlimited supply makes it a go-to for small transactions. Unlike Bitcoin’s scarcity-driven model, Dogecoin’s abundance keeps it accessible, but it also means reaching high price points requires massive demand. Looking long-term, Dogecoin’s fate hinges on several factors. ETF approvals could bring liquidity and legitimacy. A broader altcoin rally, fueled by a bullish crypto market, might also lift Dogecoin’s price. Some analysts predict it could hit $0.30 or more by the end of 2025, though uncertainty remains. For investors, timing is everything. Jumping in now could be risky if a market correction looms. Waiting for a confirmed breakout above resistance or a dip to support levels might be wiser. Dogecoin has always been a wild card, and its story is far from over. Keep an eye on this pup—it might just surprise us again.