Dogecoin Surges 10% Amid Broader Crypto Rally

Generated by AI AgentCoin World
Thursday, Jul 3, 2025 1:21 am ET1min read
BTC
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DOGE
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ETH
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Dogecoin (DOGE) has recently shown signs of recovery, bouncing off its lows and attempting to surpass the $0.180 resistance level. The cryptocurrency started a fresh increase above the $0.1650 zone, driven by a broader market rally that also saw gains in

Bitcoin
and
Ethereum
. DOGE successfully climbed above key resistance levels at $0.1600 and $0.1620, with bulls pushing the price above $0.170. A significant break above a bearish trend line with resistance at $0.1640 on the hourly chart further bolstered the upward momentum, leading to a high of $0.1726.

Currently, DOGE is consolidating gains above the $0.1650 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1710 level, with the first major resistance for the bulls at $0.1720. If DOGE can sustain its momentum and close above the $0.1750 resistance, it could potentially reach the $0.180 resistance. Further gains might push the price toward the $0.200 level, with the next major stop for the bulls at $0.2120.

However, if DOGE’s price fails to climb above the $0.1720 level, it could start another decline. Initial support on the downside is near the $0.1650 level or the 50% Fib retracement level of the upward move from the $0.1565 swing low to the $0.1726 high. The next major support is near the $0.1620 level, with the main support sitting at $0.1560. A downside break below the $0.1560 support could lead to further declines, potentially reaching the $0.150 level or even $0.1450 in the near term.

Technical indicators suggest that the MACD for DOGE/USD is losing momentum in the bullish zone, while the RSI for DOGE/USD is above the 50 level. Major support levels are at $0.1650 and $0.1620, with major resistance levels at $0.1720 and $0.1800. The $0.180 cap remains a significant challenge for DOGE, as it has historically struggled to break through this level. Analysts will be closely monitoring DOGE’s price action in the coming days to see if it can overcome this resistance and continue its upward trajectory.