DOGE Surges 9% Before Sharp Reversal as $0.213 Resistance Halts Rally
2025-07-12 07:31:30
Main Idea
Dogecoin surged 9% intraday but faced resistance at $0.213, leading to a sharp reversal as profit-taking by larger holders halted the rally.
Key Points
1. Dogecoin advanced 8.6% intraday but closed at $0.202, retracing its gains.
2. Trading volumes peaked at 1.1 billion, establishing resistance between $0.208 and $0.213.
3. Analysts noted systematic profit-taking at $0.211, indicating larger holders' influence.
4. Bitcoin touched an all-time high of $118,000 during the session, boosting risk-on flows in crypto markets.
5. Support levels were tested and held multiple times at $0.200–$0.201, with $0.200 remaining psychologically significant.
Description
What to know: DOGE advanced 8.6% from $0.198 to $0.213 between July 11 06:00 and July 12 05:00 before closing at $0.202 — a full retracement of its intraday gains. Trading volumes surged past 1.1B during the 13:00–15:00 session, establishing resistance between $0.208–$0.213. Support held at $0.200–$0.201 through late-session volatility, with final hour price action stabilizing around $0.202. Analysts flagged the rejection at $0.211 (20:00) as evidence of systematic profit-taking by larger holder...
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