What to know:
- Dogecoin leaps 6% during the July 9-10 trading session, only to be halted by a late-session reversal.
- Market sentiment improves as the U.S. extends its tariff deadline, and expectations of a Fed rate cut rise.
- DOGE‘s price action sees a breakout with high volume, but resistance at $0.186 remains a key level to watch.
Dogecoin, the beloved meme-inspired cryptocurrency, experienced a thrilling 6% surge during the July 9-10 trading session, only to be halted by a late-session reversal. 🚀🐕
News Background: Trade Pause and Rate Bets Fuel Risk Rally
- Market sentiment improved after the U.S. extended its “Liberation Day” tariff deadline by three weeks, buying time for trade negotiations 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 DOGE and other high-beta assets bounce sharply off key support levels. 📈
00 and July 10 02:00.
Technical Analysis
- Range: $0.016 or 9.23% between $0.170 low and $0.186 high.
- Resistance: $0.186 peak, with repeated high-volume rejection 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 saw support levels at $0.1808, $0.1806, and $0.1803 break consecutively under heavy sell volume — signaling institutional distribution.
- Volume: 1.52B on breakout, 4.9M during 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 sustained 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.
Takeaway
DOGE appears to be coiling for a breakout. Several bullish technical patterns—including a multi-year cup‑and‑handle, higher‑low base, and triple bottom—align with a surge in institutional whale accumulation. 🐳📈

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2025-07-10 07:41