astronaut
Walrus
Pearl
Bitcoin
NEAR Protocol
Zcash
Hyperliquid
Key Insights:
- Dogecoin (DOGE) has broken out from a descending channel and consolidation pattern near a key resistance level, and has now opened its path for min. 20% upside rally.
- An expert shared a post on X, noting that DOGE could soar to $0.260 level inthe coming days.
- On-chain metrics reveal that $25 million worth of DOGE leaves exchanges, which suggests potential accumulation.
Amid the shift in market sentiment, Dogecoin price has recorded an impressive rally but is now facing a correction. This rally pushed the meme coin to break out above both the descending trendline resistance and a key horizontal level, turning the overall DOGE sentiment bullish.
Experts’ Bullish View For Dogecoin
Following the shift in market sentiment, experts and analysts have expressed strong interest and confidence in the token. On X (formerly Twitter), several optimistic posts are surfacing, with experts making bold predictions.
On July 3, 2025, a well-followed crypto expert shared a post on X, stating, “DOGE bounced from the lower boundary of this channel. Now targeting $0.19, with potential upside to the upper boundary near $0.26.” This post gained widespread attention from crypto enthusiasts and is going viral.
Additionally, another expert shared a post noting, “DOGE looks better now than it has in weeks — breaking the downtrend and showing real signs of life. These are the moments we’ve all been waiting for. Now Send it to moon.” This shows analyst and expert interest in the meme coin.
Not only these posts, but several other optimistic posts on X have surfaced in the past 24 hours, garnering massive attention from crypto enthusiasts.
DOGE Accumulation in Progress?
So far, exchanges have witnessed an outflow of $7.50 million worth of DOGE in the past 24 hours, as reported by the on-chain analytics firm Coinglass. This substantial outflow suggests potential accumulation by investors and long-term holders.
Current Price Momentum
At press time, the price of Dogecoin stands at $0.1645, having recorded a 5% dip in the past 24 hours. During this period, investor and trader participation has plummeted, leading to a 45% drop in trading volume.
This drop in trading volume during Dogecoin’s price dip indicates weak market momentum, suggesting a potential correction following the recent bullish breakout and price rally.
Dogecoin Price Action and Key Technical Levels
According to expert technical analysis, Dogecoin’s price appears to be retesting a key support level at $0.165. The daily chart reveals that this level previously acted as strong resistance before the recent rally and is now being retested as support.
Based on recent price action and historical patterns, if Dogecoin price holds this support level, there is a strong possibility that the asset could soar by 20%, with the price potentially reaching the $0.20 level.
On the other hand, if sentiment shifts and the price continues to decline, falling below the $0.165 level, there is a strong possibility that Dogecoin price could dip by 13%, potentially reaching the $0.14 level in the near future.
Dogecoin Technical Analysis
At press time, the price of Dogecoin stands below the 50-day Exponential Moving Average (EMA) on a daily time frame, indicating that the meme coin is in a downtrend and facing selling pressure, with limited bullish momentum to support a potential reversal in the near term.
Meanwhile, the Relative Strength Index (RSI) stands at 44, indicating that Dogecoin is approaching the oversold territory, which may suggest weakening selling momentum and the potential for a short-term bounce if buyers step in.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
