Dogecoin (DOGE) Price Prediction for July 11
2025-07-10 12:03:49
Main Idea
Dogecoin (DOGE) price shows bullish trends with potential for further gains if it breaks key resistance levels, supported by technical indicators and increased trading activity.
Key Points
1. Dogecoin price broke out of a descending wedge pattern, rallying toward the $0.185 resistance zone, with support established at $0.1758.
2. DOGE's open interest surged by 12.19%, volume jumped 78% to $5.5B, and options activity spiked 162%, indicating aggressive long positioning.
3. Technical indicators like Parabolic SAR, VWAP, and Supertrend turned bullish, with price holding near the upper Bollinger Band, signaling persistent demand.
4. RSI and MACD show signs of breakout exhaustion near resistance, with RSI cooling from overbought levels and MACD flattening with a weak bearish crossover.
5. A clean breakout above $0.185 could push DOGE toward $0.1927 and $0.2041, while a drop below $0.1758 may lead to a retest of $0.1708 or lower support levels.
Description
After breaking out of a multi-week compression channel, Dogecoin price rallied sharply toward the $0.185 zone. This area had previously acted as a key supply region throughout June, and the latest push has once again triggered selling pressure. As of writing, Dogecoin price today is hovering near $0.181 with signs of slowing momentum as bulls pause below a trend-defining resistance zone. What’s Happening With Dogecoin’s Price? DOGE price forecast (Source: TradingView) The broader structure on th...
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