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.

• DOGE price started a fresh increase above the $0.1650 and $0.1680 levels.
• The price is trading above the $0.1680 level and the 100-hourly simple moving average.
• There is a bullish trend line forming with support at $0.1680 on the hourly chart of the DOGE/USD pair (data source from Kraken).
• The price could start a fresh rally if it clears the $0.1720 and $0.1750 resistance levels.

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.

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.

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.

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.

Bearish sentiment appears to be returning to the broader crypto market, with major digital assets such as Dogecoin retesting key support levels. Presently, DOGE has risen slightly above the $0.16 price mark after a brief rebound on Tuesday. However, the popular dog-themed meme coin has undergone a bullish breakout that hints at growing upside momentum and a potential rally. A Bullish Breakthrough For Dogecoin While Dogecoin has plummeted amidst growing bearish market sentiment, Trader Tardigrade, a seasoned crypto analyst, has outlined a bullish development on the DOGE chart. The bullish development reflects DOGE’s notable resilience during the ongoing volatility. In the post shared on the popular X (formerly Twitter) platform, Trader Tardigrade revealed that Dogecoin is flashing upside signals after finally breaching above a resolute negative trendline.  DOGE’s chart shows that this downward trend line has been visible for over 50 days, suggesting a possible change in momentum. This technical breakout could mark the end of a protracted period of bearish pressure, which is likely to reignite bullish hopes.  According to Trader Tardigrade, a new higher low (HL) and higher high (HH) have been observed in the current microstructure on the daily chart. However, the crypto expert claims that a second higher low would confirm a trend reversal from the downside to the upside. Should this technical breakout be confirmed, a rally at this point seems likely. The seasoned crypto analyst has underscored the potential for DOGE to rally hard in the upcoming months toward new all-time highs in another X post. Trader Tardigrade’s forecast hinges on a bullish signal from DOGE’s Average Directional Index (ADX). Specifically, the crucial ADX indicator shows a lower low on the weekly time frame. Looking at the weekly chart, this technical signal typically occurs right before each bull run. The first time it appeared was in 2017, and Dogecoin saw a notable upswing. Also, in 2020, the same signal re-emerged, which preceded the significant bull run in 2021. While the same signal has unfolded in the current bull market, Trader Tardigrade anticipates a similar result, pointing to a massive upside move beyond the $14 price mark by 2026. DOGE’s Path To $0.21 Hinges On This Key Zone DOGE may be set for a bounce, but the dog-themed meme coin must overcome certain key levels. Ali Martinez, a technical expert and trader, has outlined $0.17 as the next crucial level to watch as upside potential grows. On the 3-day chart shared by Martinez, the Tom DeMark (TD) Sequential has flashed a buy signal, indicating an impending rally. According to the expert, if it can regain $0.17 wth the TD Sequential buy signal now visible on the 3-day chart, DOGE may be able to unleash a rebound toward $0.21.

According to the latest Power of Three (PO3) H1 analysis by crypto market analyst Trader Tardigrade, Dogecoin (DOGE) has officially entered a distribution phase following a sharp breakdown below the critical $0.15 support. This move signals a shift in market dynamics, with Dogecoin’s next moves set to push its price toward new highs.  PO3 Pattern Confirms Dogecoin’s Next Moves Dogecoin’s chances of resuming its previous bullish run are rising fast, as a new chart analysis by Trader Tardigrade reveals that the top meme coin has just moved into the distribution phase of a key PO3 market structure. This development comes just after DOGE’s price broke down below the $0.15 mark earlier last month. However, the meme coin has since rebounded and is now hovering just slightly above that level at around $0.16.  Trader Tardigrade’s chart analysis confirms that Dogecoin is about to complete all three critical PO3 stages—Accumulation, Manipulation, and Distribution—on the 1-hour timeframe. This progression now sets the stage for its next move, signaling the potential beginning of a fresh upward breakout.  The PO3 sequence began with a tight consolidation zone marked by accumulation around June 25-26. This was followed by a sharp drop below the support level, marking the manipulation phase between June 27 and 28. This strategic shakeout, typically designed to trap late sellers and liquidate weak hands, pushed DOGE below the $0.15 threshold. However, instead of undergoing a continued downtrend, the meme coin’s price recovered slightly, reclaiming the lost range before initiating a strong rally on June 30.  The green-shaded area on the chart highlights the distribution phase, where Dogecoin’s bullish momentum has returned aggressively. Notably, price broke above short-term resistance levels and climbed toward $0.175, confirming the final stage of the PO3 structure and also reflecting growing buying pressure. This development implies that the recent crash was likely not indicative of market failure, but a possible setup for Dogecoin’s next bullish phase. Dogecoin MACD Bullish Cross Established In other news, Trader Tardigrade announced on X that Dogecoin has finally established a bullish Moving Average Convergence Divergence (MACD) crossover on the daily chart, signaling the first technical reversal in weeks after a prolonged downtrend. The analysis indicates that the crossover is now active, marking a potential shift in momentum from bearish to bullish.  This development follows weeks of sustained losses that began in early June, when a bearish MACD cross triggered a sharp breakdown from the $0.21 level. With the bearish cross potentially overturned, Dogecoin may be entering a renewed upward trend. As a result, Trader Tardigrade’s chart shows that the next upside target may extend above $0.28 in the coming weeks if DOGE continues to hold above key support while maintaining strong momentum. 

On-chain data shows Dogecoin is the only cryptocurrency among the top 10 where investors are currently realizing more losses than profits. Dogecoin Investors Realized $124 Million In Loss Over The Last 24 Hours In a new post on X, the on-chain analytics firm Glassnode has shared how the major cryptocurrencies compare against each other in terms of the Realized Loss and Realized Profit metrics. These indicators measure, as their names already imply, the amount of loss/profit that the investors on a given network are realizing through their transactions right now. The metrics work by going through the transfer history of each coin being sold to see what price it was moved at prior to this. If this previous value is less than the price that the coin’s now being sold at, then the token’s sale is leading to profit realization. On the other hand, it being higher suggests loss realization. The Realized Profit sums up the difference between the two prices involved in all sales of the former type, while the Realized Loss does the same for the latter ones. Now, here is the table shared by the analytics firm that shows how the 24-hour values of the two metrics currently stack up for the top 10 coins by market cap: As is visible above, the scale of the Realized Loss and Realized Profit differs greatly between the different assets, but one pattern is consistent: the latter outweighs the former, implying a trend of net profit-taking from the investors. One asset, however, doesn’t fit the mold: Dogecoin. The 24-hour Realized Loss for the memecoin stands at around $132 million, while the Realized Profit is much lower with a value of just $5 million. As such, it would appear that while the participants in the rest of the sector have been harvesting gains, DOGE holders have been panic capitulating at a loss instead. Among these top coins, the investors of Bitcoin have realized the largest profit, with the indicator’s value sitting at a whopping $1.3 billion. The Realized Loss is also restricted to just $33 million for the number one cryptocurrency, indicating selling has been heavily lopsided toward profit-taking. Things are more balanced for Ethereum, the digital asset ranked number two. Its Realized Loss of $18.4 million is roughly half that of its Realized Profit of $35.2 million. The fact that profit realization is so dominant for the likes of Bitcoin, however, might actually be a bearish sign. Historically, such market conditions have made tops more likely. A dominance of loss-taking, on the other hand, can facilitate reversals to the upside. As such, while not a given, Dogecoin may not be in a bad position, at least in this regard. DOGE Price Dogecoin touched the $0.170 mark during the weekend, but the memecoin has seen a retrace under $0.165 to kick off the week.

Dogecoin appears to be in the midst of a quiet accumulation phase, with a technical setup that may soon shift market sentiment. As highlighted by Crypto Man MAB, a double bottom pattern is taking shape on the weekly chart — a structure often associated with strong trend reversals. Structure Aligns With Sentiment: Is Dogecoin Poised For A Comeback? According to Crypto Man MAB in a recent post on X, Dogecoin appears to be setting the stage for a potential upward move, with a classic double-bottom pattern taking shape on the weekly chart. This pattern, often seen as a signal of a bullish reversal, has caught the attention of traders who are closely watching for confirmation. The current chart structure suggests that Dogecoin could be gearing up for a significant trend shift, provided the conditions align in favor of the bulls. At the center of this formation is the key support level at $0.142, which Crypto Man MAB emphasized as being critical to the potential breakout. This level was previously tested and held by bulls back in April 2025, demonstrating its strength as a defensive zone. If the support holds and bullish momentum continues to build, Crypto Man MAB pointed out that the next major focus will be on the neckline resistance around $0.26. A successful breakout above this point could validate the double-bottom pattern and open the door for a rally toward the $0.47 target. Downtrend Fatigue Sets In—Will The Bulls Take Over? Crypto Man MAB further noted that the ADX indicator, which is currently trending downward, signals a weakening of the recent downtrend from the neckline resistance. A slowdown in trend strength often precedes a shift in direction, and in this case, it supports the idea that Dogecoin could be preparing for a reversal. At the same time, attention has turned to the Relative Strength Index (RSI), which is hovering just below the neutral 50 level. While there are signs of increased buying interest, the RSI has yet to cross into bullish territory. Crypto Man MAB indicated that a decisive move above the 50 mark would significantly reinforce the bullish scenario, increasing the likelihood of a sustained rally. Until then, some sideways consolidation around the $0.142 support level remains possible. In conclusion, Crypto Man MAB believes Dogecoin is at a critical juncture, buoyed by market optimism surrounding the potential approval of a spot DOGE ETF. With both retail traders and larger investors (whales) accumulating at these levels, the stage is set for a possible breakout. Should current technical conditions improve and sentiment remain favorable, the path toward the $0.47 target could soon come into focus.

The broader crypto market has taken a hit. Major digital assets like Dogecoin are faced notable bearish movements with the dog-themed meme coin dropping to the $0.21 level. DOGE may be under renewed bearish pressure, but a crypto analyst points to an impending notable rally as bullish momentum gradually returns to the market, pushing prices back to $0.22. Breakout Sets the Stage For Dogecoin To $0.4 Dogecoin appears to have found renewed upward momentum due to the general market recovery following Bitcoin’s brief upswing today. With recent developments spotted on the DOGE 1-day chart, the meme coin is once again flashing signs of strength as it eyes a key breakout. Related Reading: Dogecoin Price Completes Daily Trend Break, Why $0.42-$0.43 Supply Zone Is Next An X (formerly Twitter) crypto expert and investor, Trader Tardigrade, has outlined a formation that might redefine DOGE’s short-term price trajectory. As Dogecoin hovers near critical support zones, the expert foresees a sharp breakout toward the $0.4 level. According to Trader Tardigrade, the meme coin is forming a leg in consolidation below the $0.25 resistance level after recent pullbacks. It is worth noting that this marks the second leg in consolidation in less than a week. Specifically, the first leg of consolidation occurred last Tuesday after it failed to break above the immediate resistance at $0.25. Trader Tardigrade believes that Dogecoin is likely to break through this level following a shakeout below $0.21 to remove weak hands. However, the expert noted that DOGE would hit the resistance zone several times before breaking through. When a breakout finally takes place, Dogecoin is expected to rally hard toward the $0.4 mark that was last seen in late January this year due to its previous explosive run. Looking at the chart, this level is another crucial resistance range for DOGE in its bullish journey.  The last time the meme coin reached this key barrier, it caused a major pullback in the following months before DOGE gained traction again in April. In the event that Dogecoin revisits and breaks past the $0.4 zone, it may lead to an extension of the rally as buying pressure grows. DOGE Makes A Hidden Bullish Divergence With technical indicators aligning and market sentiment turning cautiously bullish, DOGE might be gearing up for its next major uptrend. Trader Tardigrade also identified an RSI (Relative Strength Index) Hidden Bullish Divergence on the 1-day chart. Related Reading: Dogecoin Makes Meaningful Correction: Key Pullback Pattern Points To Looming Rally The emergence of a hidden bullish divergence on the DOGE RSI reflects growing momentum for a bounce even as prices continue to fluctuate. Presently, the expert highlighted that the meme coin is forming a higher low, while the RSI is forming a lower low. Ali Martinez, another seasoned crypto analyst, has underlined a critical resistance at $0.26 as the meme coin gears up for another upswing. According to the analyst, this level continues to be the most important resistance wall for DOGE. Breaking this level could mark the beginning of a bullish phase.