The Dogecoin price is bouncing back from support, showing strength as it pumps 6% to $0.25. The 10M–100M DOGE tier (blue line) exhibits accumulation behavior in June and July, preceding the mid-July DOGE price spike. DOGE Price Outlook: Bulls Target $0.30 In the Short TermAccording to technical analysis, the Dogecoin price is breaking out of a bullish ascending triangle formation. If the price holds above the key support zones, the Dogecoin price could retest the local high around $0.30. Meanwhile, DOGE trading volume has spiked 19%, indicating bullish activity could extend, as there is intense trading activity.