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Dogecoin started a fresh increase above the $0.1680 zone against the US Dollar. DOGE is now consolidating and might aim for a move above $0.1720.
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The Daily Hodl
A closely followed crypto analyst is revealing bullish targets for Bitcoin (BTC) while updating his outlook on a handful of prominent altcoins. In a new strategy session, crypto trader Ali Martinez tells his 139,200 followers on the social media platform X that the top crypto asset by market cap looks poised to push to the $118,000 price level – a new all-time high – if it can finish with a daily close above $109,000. “Despite the broader quarterly outlook shared in this video, the daily chart for Bitcoin. BTC looks promising. A daily close above $109,000 could open the door to a rally toward $118,000!” Source: Ali Martinez/X BTC is trading for $109,644 at time of writing, a fractional increase on the day. Moving on to smart contract platform Ethereum (ETH), Martinez says he expects more choppiness until the top altcoin closes outside the $2,227-$3,385 range. “Heard a company added an inflationary asset like ETH to its balance sheet, and suddenly everyone’s bullish again. But let’s be real: I expect more chop until we get a sustained close outside the $2,227-$3,385 range.” Source: Ali Martinez/X ETH is valued at $2,579 at time of writing, a marginal increase on the day. Turning his attention toward the meme asset Dogecoin (DOGE), Martinez notes that the popular dog-themed token appears ready to ascend to $0.19, potentially up to $0.26, after bouncing off a low. “Dogecoin bounced from the lower boundary of this channel. Now targeting $0.19, with potential upside to the upper boundary near $0.26.” Source: Ali Martinez/X DOGE is trading for $0.17 at time of writing. Concluding his analysis with ETH competitor Solana (SOL), the trader says the smart contract platform looks poised to benefit if the crypto markets break out. Source: Ali Martinez/X SOL is trading for $151 at time of writing, a marginal decrease during the last 24 hours. Newsletter]   Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trader Unveils Bullish Targets on ‘Promising’ Bitcoin, Updates Outlook on Ethereum, Dogecoin and Solana appeared first on The Daily Hodl.
Bitcoinist
CoinCodex’s machine learning algorithm has predicted that the Dogecoin price could soon reclaim the psychological $0.2 level. This provides a bullish outlook for the foremost meme coin, which is down over 13% in the last month. Dogecoin Price To Record Double-Digit Gains And Rally To $0.2 The machine language algorithm predicted that the Dogecoin price would rally to $0.2 in the next thirty days, representing a gain of over 17% from its current level. Based on this prediction, DOGE is expected to reach this psychological price level in the first week of August. Next month could be a bullish month for the meme coin as the algorithm predicts that Dogecoin could rally to as high as $0.21. Meanwhile, CoinCodex’s prediction for the Dogecoin price this month is mixed as its machine algorithm predicts the meme coin could drop to as low as $0.164 this month. This price crash is expected to happen in the first half of July. Once that happens, the algorithm predicts that DOGE could then recover and rally to $0.2 by month’s end. A monthly close above the $0.2 level could provide some optimism, given how the Dogecoin price has performed over the last month. The meme coin also recently dropped to a local low of around $0.157, which put it at risk of retesting its bull market support band at $0.14. Crypto analyst Kevin Capital recently highlighted the $0.12 and $0.142 range as the key level to watch. He warned that the Dogecoin price was at risk of dropping into its bear market structure, especially if its Relative Strength Index (RSI) dropped below 38. However, he suggested that if DOGE holds these levels, it could outperform later in the year once the Fed begins to cut rates. DOGE’s Move Depends On BTC For Now In an X post, Kevin Capital suggested that a major bounce from the Dogecoin price would depend on Bitcoin. This came as he noted that DOGE was looking to record another major bounce, just like the other times when it touched the 40 level on the weekly RSI. The analyst declared that a similar outcome to the previous touches could occur again if BTC can continue to rise. Indeed, the Dogecoin price had begun to rebound following the Bitcoin price’s latest climb to as high as $110,000. However, Bitcoin is again on the downtrend, which puts the foremost meme coin at risk of dropping to new lows. Kevin Capital remarked that a failure of this weekly RSI level at 40 would be the line in the sand between longer-term bearish price action or a continued bull run. Failure to hold between $0.144 and $0.127 could also determine what’s next. At the time of writing, the Dogecoin price is trading at around $0.17, down over 2% in the last 24 hours, according to data from CoinMarketCap.
NewsBTC
Dogecoin’s price action caught traders’ attention this week. After dipping toward the $0.13–$0.15 demand zone, the meme‑coin shot higher, and a surge in derivatives data suggests many expect more gains. Trader Interest Climbs Around $0.19 Resistance According to market data, Open Interest jumped by 16% to reach over $2 billion. Options volume exploded by 400%. That kind of rise often points to big bets on upward swings. Right now, many eyes are on the $0.20 resistance level. If DOGE can close a daily candle above that line, it may clear the way toward $0.27. Dogecoin’s technical setup is drawing fresh looks from chart watchers. The Stochastic RSI crossed above 80, which can mark an overbought zone. Yet coins have stayed above overbought readings before when buyers kept pushing. Traders will want to see real volume behind any move above that descending trendline near $0.19. Without it, the rally may stall or give back gains. Whales Return With Spot Inflows Based on reports, Dogecoin saw a net inflow of $8.20 million into spot wallets. That marks a big shift after weeks of outflows. Large holders have been moving coins onto exchanges in the past, but now they’re pulling more in. In other cycles, fresh whale buys have lined up with mid‑term rallies. On‑chain metrics add another layer. Dogecoin’s MVRV Z‑score climbed back to 0.355 after hitting near‑historical lows late in June. That figure measures how much profit holders stand to make on average. A rising score hints that fewer holders are underwater, and that might draw in new buyers. Still, MVRV is backward‑looking. It can’t predict if price will break through key resistance. Network Activity Shows Mixed Signals Network stats tell a mixed story. Daily active addresses slid to 34 K, and transaction counts dropped to 15K as of July 3. That’s a sharp fall from the more than 500K addresses and transactions seen in the last week of June. Lower usage could sap the rally’s legs if retail traders don’t reengage soon. Even with these mixed signals, the mood toward Dogecoin is brighter than it was a week ago. Traders piling into options and hikes in Open Interest show speculative appetite is up. Large spot inflows show that whales have stepped back in. But network usage is lagging. If daily addresses and transactions don’t bounce back, bulls may find it harder to sustain the push. Featured image from Meta, chart from TradingView
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ZyCrypto
Dogecoin (DOGE) is witnessing a surge in institutional interest, mostly fueled by growing optimism over the potential approval of multiple DOGE spot ETFs and regulatory clarity in the U.S. This trend is underscored by significant investments from major companies, with Remixpoint, a Tokyo-based energy consulting firm, ramping up its crypto holdings over the past year. According to an earnings report published Friday, Remixpoint’s crypto holdings surged from just $446,500 on March 31, 2024, to $38 million by December 31, 2024. By February 2025, the company had expanded its crypto portfolio to approximately $59.1 million, representing a 13,000% increase in just nine months, as it moves closer to its $65 million investment target. Notably, the company’s diversified cryptocurrency portfolio includes substantial holdings in Bitcoin, Ethereum, Solana, XRP, and Dogecoin. This strategic move, similar to fellow Japanese company Metaplanet, which has been doubling down on Bitcoin, aims to hedge against the declining value of the yen and broaden Remixpoint’s financial assets. Once regarded primarily as a speculative cryptocurrency propelled by retail traders and online communities, Dogecoin is now gaining traction among institutional investors. Remixpoint’s inclusion of DOGE in its portfolio highlights the evolving perception of the cryptocurrency, which has transitioned from a meme coin to a functional digital asset with expanding real-world applications in payments and blockchain-based innovations. This trend extends beyond Remixpoint. Neptune Digital Assets, a publicly traded Canadian blockchain company, purchased approximately 1 million DOGE tokens for $258,000 in December 2024, reinforcing its position in the cryptocurrency market. Elsewhere, last November, Spirit Blockchain Capital acquired Dogecoin Portfolio Holding Corp to expand Dogecoin’s ecosystem and utility. However, the acquisition focused on intellectual property and cash assets rather than direct DOGE holdings on its balance sheet. Similarly, in July 2022, Tesla CEO Elon Musk confirmed that the company had not sold any of its Dogecoin holdings, though the exact amount remains undisclosed. Notably, Tesla began accepting Dogecoin for select merchandise in December 2021, reinforcing Musk’s ongoing support for the cryptocurrency. That said, the surge in interest for DOGE comes amid discussions surrounding the potential approval of Bitwise, 21Shares, and Grayscale Dogecoin ETFs by the SEC. If approved, these ETFs could further strengthen Dogecoin’s presence in financial markets, potentially boosting its price. At press time, DOGE was trading at $0.17, reflecting a 7.01% surge in the past 24 hours.
Bitcoinist
In a stunning move on Wednesday, popular dog-themed meme coin Dogecoin has regained upside traction again, pushing its price back to the $0.17 resistance level. With DOGE displaying upward action, crypto analysts foresee a continuation of the newfound strength as key bullish technical signals unfold. Aftermath of Dogecoin’s Second Support Retest Dogecoin’s price is back above crucial resistance levels that previously capped its upward attempts. After a period of prolonged bearish action, the dog-themed meme coin may be on the cusp of a much-needed turnaround in the short term. Trader Tardigrade, a seasoned crypto expert and investor, has outlined a bullish technical signal that hints at a potential rally for DOGE. The expert’s analysis shows that DOGE has recently retested a critical support level for the second time. This repeated bounce off the same price floor observed on the weekly time frame chart could serve as a launchpad to a fresh upward trend, targeting higher price levels. Such a recurrent recovery is testament to DOGE’s robust stability and resilience during a period of volatility. Looking at the chart, Dogecoin witnessed a significant upward move after touching this support trend line, which occurred in September last year. With the meme coin retesting this critical trend line, Trader Tardigrade is confident that DOGE’s price will bounce strongly as seen in the previous scenario. Once this bounce is confirmed and mirrors the last result, DOGE could rise beyond the $0.90 price range in the upcoming months, marking a new all-time high and a potential top in the ongoing bull market cycle. This move is likely to put an end to the current bearish action of DOGE as bullish momentum builds up once again. Key Chart Formation Hints At An Impending Rebound For DOGE DOGE’s price continues to display signs of a shift from a downward trend to an upward trend. Delving into Dogecoin’s price action in the 1-day time frame, Trader Tardigrade reported that the meme coin has formed a crucial setup, particularly an Ascending Channel formation. An ascending channel pattern is a technical pattern characterized by two upward-sloping, parallel trendlines that connect higher highs and higher lows. This pattern points to a period of price consolidation within an uptrend, which could lead to a rally following a breakout to the upside. Trader Tardigrade highlighted that meme coin is currently positioned at the lower support of the ascending channel pattern, with the expectation of a breakout to the upside. Once DOGE charges upward, the upper line is acting as the next crucial resistance, which is situated at the $0.176 level. At the time of writing, Dogecoin was trading at $0.174, demonstrating a more than 7% increase in the last 24 hours. Fresh optimism is returning to the market, as indicated by a 105% rise in trading volume in the past day.
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The Dogecoin price may be setting up for a significant rally as a technical analyst identifies a bullish breakout above the 50-day trendline. After months of compressed price action, the meme coin now appears poised to conclude its downtrend, igniting fresh optimism within the crypto community. Dogecoin Price Set For Game-Changing Rally Trader Tardigrade, a crypto market analyst, announced in an X (formerly Twitter) post on July 1 that the Dogecoin price has just broken above a critical 50-day descending trendline on its daily chart. With this new development, the analyst anticipates the potential start of a powerful upward price movement soon. Notably, the trendline breakout marks a significant shift in momentum for Dogecoin, which had been locked in a consistent downtrend over several weeks. The leading meme coin is currently trading at $0.17, having declined by almost 10% over the past month, according to CoinMarketCap. With the potential end of this market downturn in sight, Trader Tardigrade suggests that DOGE’s microstructure is now beginning to show early signs of a bullish reversal pattern. In his price chart, the analyst notes that Dogecoin established a higher low, followed by a higher high after its breakout above the long-standing trendline. More recently, a second higher low has formed, reinforcing the possibility that a new uptrend is underway. This structure, characterized by successively higher highs and lows, is often seen as the earliest confirmation that buyers could be regaining control of the market. The breakout is also especially significant because it follows an extended period of lower lows and lower highs, with the 50-day trendline acting as a strong resistance barrier throughout. With that resistance now breached and early signs of a bullish market structure developing, Trader Tardigrade is increasingly optimistic about Dogecoin’s near-term prospects. If the current trend persists, it could signal the start of a sustained rally for the meme coin. Analyst Says Dogecoin Below $0.2 Is Free In a separate analysis, market expert Kaleo disclosed that Dogecoin’s current price below $0.20 presents a strong accumulation opportunity, implying that the meme coin is significantly undervalued when compared to its potential upside. Backing his view with a chart, the analyst projected that the Dogecoin price may be on the verge of a major breakout, with possible upside targets indicating a surge toward $1.5 and possibly beyond $ 3.50. Kaleo’s chart analysis highlights strong similarities between Dogecoin’s current market structure, following the April 2024 Bitcoin halving, and the 2020 breakout that preceded the meme coin’s historic bull run. In 2020, Dogecoin traded sideways within a Falling Wedge pattern for months before a breakout triggered a parabolic surge to fresh ATHs. The current price action exhibits a nearly identical setup, with the meme coin now emerging from a similar multi-year Falling Wedge, potentially setting the stage for another historic bull rally.
NewsBTC
Dogecoin has observed a rebound from the support line of a Parallel Channel. Here’s where the next target could lie, according to an analyst. Dogecoin Found Support At Lower Level Of This Channel In a new post on X, analyst Ali Martinez has talked about how the daily Dogecoin price is currently looking from the perspective of a technical analysis (TA) pattern. The pattern in question is a Parallel Channel, which forms whenever an asset’s price witnesses consolidation between two parallel trendlines. The upper line of the channel tracks successive highs, and the lower one lows. The cryptocurrency breaking out of either of these levels implies a continuation of the trend in that direction. A surge above the channel is a bullish signal, while a fall under it is a bearish one. There are three different types of Parallel Channels. The Ascending variation occurs when the trendlines are sloped upwards. That is, it represents a phase of consolidation to the upside. Similarly, the Descending type involves the asset going down with time. In the context of the current topic, the third and most common variant is of interest. This type signifies a phase of true sideways movement, with the channel being parallel to the time-axis. Now, here is the chart shared by Martinez that shows the Parallel Channel that the 1-day price of Dogecoin has been moving inside for the last few months: As displayed in the above graph, the Dogecoin daily price recently saw a brief retest of the lower level of the Parallel Channel. This line of the pattern is generally considered a level of support, and indeed, it played this role during the recent retest as well by helping the memecoin to turn around. DOGE has since been on the way up. According to the analyst, the cryptocurrency is now targeting the $0.19 level, situated at the midway point of the Parallel Channel. In the event that Dogecoin can clear this level, it’s possible that the coin may set its sights on the $0.26 mark next. This price corresponds to the upper level of the pattern, which provided resistance to the memecoin on a couple of occasions in May. From the current exchange rate, a surge to this line would imply an increase of more than 50%. It now remains to be seen how the asset’s trajectory would look in the near future and whether the lines of the Parallel Channel would play any part. DOGE Price At the time of writing, Dogecoin is floating around $0.172, up over 7% in the last week.
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