“RSI and OBV READINGS ON LOWER TIMEFRAMES Suggest Short-Term Exhaustion, But Macro Sentiment Remains Net Bullish.”, – WRITE: www.coindesk.com
(Coindesk Data)
- Dogecoin Surged 6% During the July 9-10 Trading Session, Breaking Through Resistance Before A Late-Session Reversal.
- Market Sentiment Improved As The US Extended ITS Tariff Deadline, and Expectations of A Fed Rate Cut Rose.
- Doge’s Price Action Saw A Breakout with High Volume, But Resistance at $ 0.186 Remains a Key Level to Watch.
News Background: Trade Pause and Rate Bets Fuel Risk Rally
- Market Sentiment Improved After the US EXTENDED ITS “Liberation Day” Tariff Deadline by Three Weeks, Buying Time for Trade Negotias and Easing Short-Term Pressure on Risk Assets.
- Meanwhile, Expectations of A July Fed Rate Cut Are Climbing, With Major Banks Pricing in 25–100bps in Cuts Over Q3 IF Inflation Data Underwhelms Next Week.
- TheSE Macro Shifts Gave Crypto Markets A Tailwind, Helping Dog and Other High-Beta Assets Bounnce Sharply Off Key Support Levels.
Price Action Summary
- Doge Surged 6% from $ 0.170 to $ 0.186 Between July 9 03:00 and July 10 02:00.
- Breakout Occurred Between 19: 00–20: 00 JULY 9, WHERE PRICE JUMPED $ 0.007 and Volume Spiked to 1.52b – Nearly Double The 24h AVERAGE.
- Strong Resistance Emerged AT $ 0.186 As Price Was Repeatedly Rejected On Heavy Volume.
- Support HELD AROUND $ 0.180– $ 0.181 Going Into Session Close.
- In the Final Hour (02: 28–03: 27), Doge Fell 0.55% from $ 0.181 to $ 0.180, Forming A Sharp Reversal Pattern with Rising Downside Momentum.
Technical Analysis
- Range: $ 0.016 OR 9.23% Between $ 0.170 Low and $ 0.186 High.
- Resistance: $ 0.186 Peak, with Repeated High-Volume Reject During 21: 00–23: 00.
- Support: $ 0.180– $ 0.181 Zone Held Into Close, But Fractured During Final Hour Selloff.
- Breakdown: 02: 28–03: 27 Session Support Levels at $ 0.1808, $ 0.1806, and $ 0.1803 Break Consecutiely Under Heavy Sell Volume.
- Volume: 1.52b On Breakout, 4.9m Durying Final Reversal, Confirming Both Bull Entry and Bear Exit.
What Traders Are Watching
- Can Doge Reclaim $ 0.186 and Flip Resistance Into Support? Watch for Sustaned Volume Above This Level.
- If Downside Continues, $ 0.176 and $ 0.172 Are Next Potential Support Levels from Prior Consolidation Zones.
- RSI and OBV READINGS ON LOWER TIMEFRAMES Suggest Short-Term Exhaustion, But Macro Sentiment Remains Net Bullish.
- July 9–10’s Range Could Form the “Handle” in a larger Weekly Cup-and-Handle Pattern-Validation would Require A Breakout Above $ 0.195 with High Volume.
TakeawayDoge appears to be coiling for a breakout. Several Bullish Technical Patterns-Including A Multi-Year Cup-Iandle, Higher-Low Base, and Triple Bottom-Align With A Surge in Institutional While While Accumulation.
(Disclaimer: Parts of this Article Were Generated with The Assistance from AI Tools and Review by Our Editory Team to Enseure Accucy and Adhesion Tour Standards. AI Policy.)
Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA.
He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.
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