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Dogecoin ($DOGE), the king of meme coins, is on a bullish rally, with its price continuing to rise. This development has positioned $DOGE to break a bearish trend that has trailed the meme coin for the last six years. The meme coin is up by a staggering 53% in its quarterly performance.
Dogecoin's price holds strong as traders eye $0.30
Cryptorank data reveals that over the last six years, Dogecoin has consistently performed poorly in the third quarter (Q3) of every year.
Notably, in 2019, $DOGE closed Q3 by a 28.9% decline in price value. The asset has maintained a streak of losses from 2021 to 2024, closing in the red zone by 18%, 7.14%, 6.80% and 8.26%, respectively.
However, the current momentum of Dogecoin in the cryptocurrency market is positioning it to overcome that bearish trend.
In the first month of Q3, 2025, $DOGE has already jumped by over 47% and remains on a bullish path. If the current momentum continues, it might set a new record for the dog-themed meme coin.
As of this writing, $DOGE price was trading at $0.2471, representing a 1.07% increase over the last 24 hours. The meme coin had earlier traded at a peak of $0.2566. The ecosystem’s traders are now eyeing a possible breakout that could flip the $0.27 resistance level.
A surge in volume could see the meme coin climbing to new heights. The trading volume currently stands at $6.03 billion, a 1.64% increase within this period.
Open interest soars as bullish sentiment builds
Meanwhile, if Dogecoin can clear the $0.27 resistance amid increasing volume, the meme coin could attempt to retest $0.30. At the start of the week, $DOGE traders increased their speculative activity around the asset. Its open interest surged as investors committed $2.83 billion in the meme coin.
In all of these, investors would be hoping that the value of $DOGE is not impacted by crypto market volatility. For now, the bullish ride is exciting to market participants.