Dogecoin published a strong 6% increase in trade in on 9 to 10 July and jumped through resistance in an explosive rally before retiring in a sharp turn with late session.
News Background: Trade break and rate bets Fuel risk rally
- Market mood improved after the United States extended its “Liberation Day” Tariffrist by three weeks, buying time for trade negotiations and facilitated short -term pressure on risk assets.
- Meanwhile, expectations are climbing a fat rate in July, with large banks pricing in 25–100bps in cuts over Q3, whose inflation data along the way next week.
- These macro changes gave crypto markets a headwind that helped DOGE and other assets with high beta jump sharply with key support levels.
Summary of Price Action
- DOGE rose 6% from $ 0.170 to $ 0.186 between July 9, 03:00 and 10 July 02:00.
- Breakout occurred between 19: 00-20: 00 July 9, where the price ran $ 0.007 and the volume was spiked to 1.52b – almost twice the 24 hour average.
- Strong resistance occurred at $ 0.186 as the price was repeatedly rejected on heavy volume.
- Support held about $ 0.180- $ 0.181 that goes in session close.
- In the last hour (02: 28-03: 27) Doge dropped 0.55% from $ 0.181 to $ 0.180, forming a sharp reversing pattern with rising downward momentum.
Technical analysis
- Area: $ 0.016 or 9.23% between $ 0.170 Low and $ 0.186 high.
- Resistance: $ 0.186 Top, with repeated rejection with high volume over 21: 00–23: 00.
- Support: $ 0.180- $ 0.181 zone kept close but broken during the last hour of sale.
- Collapse: 02: 28-03: 27 session so that support levels of $ 0.1808, $ 0.1806 and $ 0.1803 Pause continuously under strong -selling volume – signaling institutional distribution.
- Bind: 1.52B on breakout, 4.9 m during final reversing, confirming both bull entry and bear exit.
Which dealers are looking at
- Can Dog Recover $ 0.186 and Turn Resistance to Support? Keep an eye on sustained volume above this level.
- If the disadvantage continues, $ 0.176 and $ 0.172 next potential support levels from prior consolidation zones.
- RSI and OBV readings on lower time frames suggest short-term exhaustion, but the macrosentiment remains net bullish.
- 9th to 10 July could form the “handle” in a larger weekly cup-and-handle pattern-validation would require a breakout of $ 0.195 with a large volume.
Takeaway
DOGE seems to be tracking down to a breakout. Several Bullish Technical Patterns-Inclusive a perennial cup-and-handling, higher-lot base and triple bottom-in of an increase in institutional whale accumulation.
A decisive feature of over $ 0.175- $ 0.20 resistance zone, especially with Spike in volume, could trigger a powerful rally against $ 0.25 and above.
(Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.)
