24h volatility: 4.8%
Market cap: $25.71 B
Vol. 24h: $1.70 B
Dogecoin, the people’s coin—or the people’s distraction—has surged 7% in the last 24 hours, sneaking up to $0.18 while most coins lie in their figurative bunks, dreaming of freedom. Trading volume didn’t just wake up early for roll call: it exploded by 251% to $1.4 billion. Clearly, the herd smells green and is stampeding with the reckless abandon of men who have forgotten the Kolyma night.
What makes the masses dance? A crypto market rally, no less, encouraged by the new Planners—US President Donald Trump extended his own deadline for tariff hikes, likely while laughing at the confusion he sows. Now, tariffs move from July 9 to August 1, making even bureaucratic time seem as bendable as reality. US Treasury Secretary Scott Bessent speaks, and the world pretends to listen: three-week extension for those slow with their deals. In this system, the only thing more liquid than market positions is the government’s capacity for procrastination.
CoinGlass data, the modern oracle, observes that DOGE futures open interest rose by 10.52% in a day. As for liquidations, a hearty $8.17 million—mostly those doomed to short Dogecoin, $5.83 million worth—were thrown into the digital snow, frozen mid-breath, wondering why they ever doubted the power of memes.
Dogecoin Community Turns Active Following Elon Musk’s Bitcoin Push
Over the weekend, Elon Musk, master of rockets and lesser-known champion of dog coins, declared his “America Party.” Yes, a third party—for times when two just aren’t enough to ruin everything. This, hot on the heels of Donald Trump’s ‘Big Beautiful Bill,’ which beautifully inflates the US debt ceiling by another $5 trillion. Inflation is the new breakfast cereal: there’s always more.
Elon Musk tweeted that the America Party would be “open to Bitcoin,” while fiat, he proclaimed, is now “hopeless.”—a sentiment shared by many whose bank balances are decimal points.
Dogecoin got no official Musk shoutout (no bone thrown, if you will), but hope springs eternal in the crypto kennel. After all, who integrates DOGE with Tesla and X for nothing? The faithful nod knowingly: surely a meme coin will guide the Party to salvation, or at least provide a mascot.
On-chain data from IntoTheBlock shows that “whale” wallets (the digital oligarchs of the new era, holding 1-100 million DOGE each) are accumulating Dogecoin, while retail plebs are selling: a pattern beloved by history—those in power getting more, while the masses, once again, “HODL” nothing.
DOGE Price Bounces From Support, What’s Next?
Trader Tardigrade (a fitting pseudonym, for only the hardy survive) claims a “stochastic bullish cross” in the biweekly oversold zone for DOGE. Apparently, price respects its “long-term ascending trendline” like the average zek respects a good pair of felt boots—with reverence, fear, and a vague suspicion that it won’t last forever.
#Dogecoin Stochastic Bullish Cross in Oversold Zone on Biweekly Chart 🔥
It’s no coincidence that support is found at a long-term ascending trendline.$DOGE/W2
— Trader Tardigrade (@TATrader_Alan) July 6, 2025
According to Coinspeaker, this “bounce back” might reward Dogecoin’s loyalists with a run up to $0.24. Perhaps this time, the lottery ticket pays. Perhaps it’s merely the beginning of another long winter, spent dreaming by the fire of numbers on a screen while outside, the ruble collapses. Such is life in the cryptosphere, comrades. 🐕🚀
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2025-07-07 17:32