“The Dog-Themed Memecoin Broke Key Resistance Levels As Institutional Investors Increase Exposure.”, – WRITE: www.coindesk.com
(Coindesk Data)
The MOST SIGNFICANT PRICE MOVEMENT OCCURRED BETWEEN 12:00 and 13:00 UTC on July 6, with Doge Jumping from $ 0.166 to $ 0.173 on Massive Trading Volume.
Analysts are monitoring the $ 0.173- $ 0.175 Resistance Zone, AS A Break Above Could Lead to Further Gains.
The MOST AGGRICESIVE PRICE ACTION CAME BETWEEN 12:00 and 13:00 UTC On July 6, WHEN DOGE JUMPED FROM $ 0.166 to $ 0.173 On Massive Volume Exceeding 1.14 Billion – Near.
Analysts are watching the $ 0.173- $ 0.175 Zone as immediate resistance; A Clean Break Above Could Open Up A Path to $ 0.180 and $ 0.21.
On -chain Data Also Shows that While Smaller Holders have exited positions, whiles Holding 1m -100m Doge Have Steadily Acumulated Since June 28, Signalling Long-Term Confidence.
News Background
The Price Action Unfolds As President Trump’s “Liberation Day” Tariff Deadline (July 9) Continues to Weight on Markets. Meanwhile, Elon Musk’s Launch of The American PartyWidly Speculated to Eventuly Integrate Doge for Payments on X, Has Added Momentum and Visability. With Macro Headwinds Still Unresolved, Doge’s Structure Suggests Buyers Are Stepping in at At Each Dip – A Potential Sign of Early Positioning Ahead of A Larger Move.
Technical Analysis Highlights
- Doge Gained 5.01% from $ 0.163 to $ 0.171 Between 6 July 03:00 and 7 July 02:00.
- The Strongest Move Occurred Between 12: 00–13: 00 UTC, with Doge Spiking to $ 0.173 on 1.14 Billion Volume.
- Support Establized at $ 0.166, Validated by High-Volume Buying Pressure.
- Consolidation Followed Between $ 0.170– $ 0.173, with Multiple Resistance Test at $ 0.173 Durying The 21: 00–23: 00 Window.
- In the Last Hour of Trading, Doge Rose from $ 0.171 to $ 0.172 (+0.85%) with Breakout Confirmation Between 01: 30–01: 37.
- Volume Spikes of 12.8M at 01:16 and 8.0m at 01:36 Suggest Continued Bullish Momentum.
- Immediate Resistance Levels: $ 0.173, $ 0.175, and $ 0.180; Critical Support Remains at $ 0.166.
(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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