Dogecoin (DOGE) Price Prediction for July 18
2025-07-17 09:39:24
Main Idea
Dogecoin (DOGE) shows bullish momentum, breaking key resistance levels with strong derivatives data and technical indicators supporting further upward potential.
Key Points
1. Dogecoin price climbed to $0.213 after breaking out from a descending channel, with strong demand reclaiming the $0.20 level.
2. Derivatives data indicates aggressive long positioning, with futures volume spiking 53.36% and open interest rising 12.68%.
3. Technical analysis shows DOGE trading above key EMAs, with Bollinger Bands expanding and a bullish ascending channel forming.
4. Short-term price prediction suggests a retest of the $0.218–$0.225 resistance zone, with potential targets at $0.2319 and $0.25 if broken.
5. Support levels are identified at $0.204 and $0.196, with a bullish trend bias as long as these levels hold.
Description
The Dogecoin price today has climbed to $0.213 after a bullish breakout from a multi-week descending channel structure. Price action has been supported by renewed demand, reclaiming the $0.20 level with momentum, while derivatives data suggests strong long positioning. As DOGE retests the $0.215–$0.218 resistance band, bulls are watching for continuation toward $0.225 and beyond. What’s Happening With Dogecoin’s Price? DOGEUSD price forecast (Source: TradingView) On the weekly chart, Dogecoin pr...
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