Dogecoin is caught in a cosmic tug-of-war! After a gravity-defying leap to $0.175 this week, the meme coin is back orbiting around $0.171. DOGE shook off the shackles of its $0.16 support, launching with a powerful surge. But the journey isn’t over – a formidable wall of resistance looms between $0.175 and $0.180. Will Dogecoin break through and reach new heights, or will it be pulled back into the abyss? The next 48 hours will determine its fate. Buckle up, Doge enthusiasts – this ride is about to get wild!
What’s Happening With Dogecoin’s Price?
DOGE price forecast (Source: TradingView)
Dogecoin’s woken from its slumber! After hitting a $0.162 low on July 3rd, the meme-coin’s price is up over 5%, fueled by bullish momentum. Can DOGE break free? Looking at the 4-hour chart, a falling wedge pattern has shattered, sending Dogecoin towards the $0.174 upper Bollinger Band. Watch out for a potential breakout, but keep an eye on the $0.1665 mid-band – it’s the last line of defense!
Parabolic SAR dots have flipped beneath price action, confirming a shift toward bullish control in the short term.
DOGE price forecast (Source: TradingView)
DOGE’s smart money blueprint reveals a critical defense: holding above $0.158’s breakout level. Now, it’s flirting with destiny, re-entering a $0.170–$0.175 zone where trends shifted before. DOGE currently battles within a tight liquidity cage, a sign that buyers are cautiously testing the waters against established resistance. Will DOGE break free, or will history repeat itself?
Why Dogecoin Price Going Up Today?
DOGE Derivative Analysis (Source: Coinglass)
Dogecoin’s price is off to the races, and derivatives are the gasoline! A jaw-dropping 275% surge in DOGE volume to almost $5B shows massive excitement, and open interest is climbing fast. Want to know who’s betting big? Binance’s top traders are overwhelmingly bullish, with a long/short ratio of 2.74. Across all exchanges, the long bias is above 2.0 – the bulls are stampeding!
DOGE price forecast (Source: TradingView)
The 30-minute chart paints a picture of a market taking a breather. The RSI, backing away from overbought peaks, hovers around 45.2 – not quite a U-turn, but definitely pumping the brakes. Meanwhile, the MACD whispers of fading bullish momentum; its histogram shrinking, hinting at a period of consolidation after the climb from under $0.165. Expect sideways action as the market digests its recent gains.
DOGE price forecast (Source: TradingView)
DOGE’s got some bite! The 4-hour chart is flashing bullish signals: the ADX is primed for an upward surge, led by a rising +DI. Adding fuel to the fire, the Supertrend indicator flipped green around $0.1627. Since blasting past that point on the 4th of July, DOGE hasn’t looked back, holding strong and hinting at more gains to come.
DOGE Price: Bollinger Bands and VWAP Point to Short-Term Compression Break
DOGE price forecast (Source: TradingView)
DOGE Unleashed? Bollinger Bands Blast Open on 4-Hour Chart!
Following a period of tight consolidation, DOGE is flexing its muscles. The Bollinger Bands on the 4-hour chart are screaming volatility, expanding rapidly after a previous squeeze. A brief surge kissed the upper band around $0.176, before retracing to the midline.
Classic volatility breakout setup? You bet. If volume keeps pumping, the next move could be HUGE.
But wait, there’s more fuel for the fire! The 20, 50, 100, and 200 EMAs are converging like a coiled spring between $0.1668 and $0.1734. This EMA compression is a textbook sign that a major volatility eruption might be brewing. Get ready for liftoff?
DOGE price forecast (Source: TradingView)
DOGE’s clinging to the edge. The 30-minute chart shows it dancing just beneath the VWAP ($0.175), with SAR dots looming like storm clouds overhead – intraday sellers are circling. But fear not, HODLers! Until DOGE cracks the $0.166–$0.168 fortress, the bulls still hold the high ground. This isn’t a rout, just a skirmish.
DOGE price forecast (Source: TradingView)
DOGE is currently battling a stubborn ceiling around $0.175, a resistance line that’s been trending downwards on the daily chart. Punch through this barrier, and DOGE could rocket toward $0.19-$0.20, revisiting zones where liquidity previously swarmed.
Dogecoin Price Prediction: Short-Term Outlook (24H)
Dogecoin’s coiled spring is about to unleash. Trading within a tight ascending channel, DOGE is bracing for a make-or-break moment near $0.175. Can the bulls muster the strength to shatter this ceiling and send Dogecoin soaring? A decisive surge past $0.175 could ignite a rally toward $0.185, with $0.198 looming as the next major hurdle. Watch for breakout volume; it’s the key to unlocking DOGE’s next explosive move.
However, persistent rejection could trigger a swift descent to an immediate safety net at $0.166. Should that fail, brace for a deeper retracement potentially unlocking $0.158 – the last bastion of support before the daily market structure shifts entirely.
DOGE’s leash tightens. Derivatives scream “long,” Supertrend and EMAs flash green. Bulls are sniffing victory, but $0.175 is the gatekeeper. A decisive break above unlocks the kennel. Anything less, and it’s back to the doghouse.
Dogecoin Price Forecast Table: July 8, 2025
| Indicator/Zone | Level / Signal |
| Dogecoin price today | $0.171 |
| Resistance 1 | $0.175 (descending trendline) |
| Resistance 2 | $0.185 / $0.198 (liquidity pocket) |
| Support 1 | $0.166 (VWAP / Bollinger mid-band) |
| Support 2 | $0.158 (prior BOS level) |
| RSI (30-min) | 45.2 (cooling but neutral) |
| MACD (30-min) | Weak bullish crossover fading |
| Bollinger Bands (4H) | Expanding, near upper band rejection |
| EMAs (20/50/100/200, 4H) | Compressed, bullish alignment |
| Supertrend (4H) | Bullish above $0.1627 |
| Derivatives Volume | +275%, with long-dominant bias |
| SMC Structure | Retesting CHoCH above BOS zone |
Investing is risky, folks. This isn’t a crystal ball – it’s just information. We’re Coin Edition, not fortune tellers or financial advisors. Think of this article as food for thought, not a recipe for riches. Any action you take based on this is on you. Be smart, do your homework, and remember: your money, your responsibility.
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