**Dogecoin Surges as Traders Eye Potential Breakout**

Dogecoin is making waves, hitting its highest monthly level on July 20. The price surge has traders buzzing, with some predicting an aggressive upward move. Pseudonymous trader Shelby noted that Dogecoin's breakout often triggers rallies in other altcoins like Floki and Shiba Inu.

Currently trading at $0.1336, Dogecoin is up 18.82% over the past week and 6.64% over the past month. However, not everyone is convinced. Trader Magnate cautioned against FOMO, suggesting a potential pullback to $0.1194.

Open Interest for Dogecoin futures also spiked 19% to $647.19 million, indicating heightened market activity. The Crypto Fear and Greed Index shows growing optimism, with a "Greed" score of 74, up from last week's "extreme fear" score of 33.

Speculation is rife about whether Dogecoin could replicate its 2021 all-time high of $0.73 by April 2025, following the next Bitcoin halving. However, memecoins remain highly speculative and unpredictable.