Dogecoin (DOGE) Price Prediction for July 23

Key Points

1. Dogecoin price is holding near $0.266, just below resistance at $0.277, after reclaiming major support above $0.25.

2. The daily chart shows a breakout from a downward structure, with DOGE trading above prior liquidity pools ($0.22–$0.25), confirming an upward trend.

3. Short-term price decline is attributed to exhaustion after hitting a local high of $0.287, with resistance at the upper Bollinger Band ($0.285) and cooling momentum (RSI at 47.2).

4. Derivatives data shows bullish long/short ratios and rising options open interest, though mild overleveraging is noted with $24.37 million in long-side liquidations.

5. Key levels to watch: Resistance at $0.277 (breakout target $0.295–$0.305) and support at $0.262 (breakdown target $0.246). EMAs and Bollinger Bands suggest a bullish near-term outlook.