Dogecoin (DOGE) Price Prediction for July 18

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.