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Dogecoin exchange-traded funds (ETFs) have returned to a stagnant phase after recording a day of $345,130 in inflow this week.
According to recent data from SoSoValue, Dogecoin ETFs saw $0 in daily total net inflow on July 24. The same was seen on July 22 and 23 when $0 was recorded in daily net inflow.
This was not entirely the narrative this week, as Dogecoin saw a day of inflow on July 21 when it recorded $345,130. This marked a brief break from the zero-inflow streak seen since July 6, with all days recording $0 in inflows.
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Zero-flow days are not unusual for newer or lesser-volume crypto ETFs, particularly those tracking assets beyond Bitcoin and Ethereum.
Dogecoin has crossed $12 million in cumulative total net inflow, despite the lull in inflows. According to SoSoValue, Dogecoin ETFs' cumulative total net inflow stood at $12.12 million as of July 24.
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Dogecoin is also marking its first positive week of inflows since the week ending June 18, recording a weekly inflow of $345,130.
Dogecoin signals remain mixedAt the time of writing, Dogecoin was trading down with the rest of the crypto market, down 0.17% in the last 24 hours to $0.07.
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DOGE futures open interest is in the green, currently at $1.10 billion. DOGE's spot price remains under pressure after falling to its lowest since November 2023 on Thursday.
The combination of rising open interest alongside a price drop might signal trader interest in shorting the declining market.
Meanwhile, a widely watched signal indicates optimism. According to crypto analyst Ali, the TD Sequential has flashed a buy signal on the monthly chart just as DOGE approaches a major support level around $0.056. If that support holds, a rebound toward $0.16 may be on the cards, with the top of the channel near $0.45 as the broader upside target.
Could Dogecoin, the world's largest memecoin, have given a bullish signal again after a long period of silence?
Crypto analyst Ali Martinez shared critical price levels regarding the technical outlook of Dogecoin (DOGE) and Bitcoin (BTC).
Martinez noted that the TD Sequential indicator gave a bullish signal on Dogecoin’s monthly chart. According to the analyst, this signal emerged around the time the DOGE price approached the key support level of approximately $0.056.
Martinez stated that if Dogecoin holds the $0.056 support level, the price could initially recover towards $0.16, while indicating $0.45, located at the upper limit of the rising channel, as a broader-term target.
On the Bitcoin side, the analyst argued that the $63,800 level should be closely watched, and if this area holds as support, BTC could experience a rebound towards $67,000.
Conversely, Martinez noted that if Bitcoin loses the $63,800 support level, selling pressure could intensify, with the next downside target being around $60,000.
At the time of writing, the BTC price is trading at $64,065, while the DOGE price is at $0.06990.
*This is not investment advice.
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Dogecoin exchange-traded funds saw daily net inflows stall at zero for three consecutive days this week, according to data from SoSoValue. On July 22, 23, and 24, no new funds entered Dogecoin ETFs, maintaining a stagnant flow pattern that has persisted through much of July.
Brief inflow breaks the streakDespite the overall lull, Dogecoin ETFs experienced a positive development earlier in the week. On July 21, inflows reached $345,130, temporarily halting a zero-inflow streak that had lasted since July 6. Prior to this brief spike, all trading days in July had registered no new investment in Dogecoin ETFs.
Such periods of limited activity are common for smaller or newer cryptocurrency ETFs, particularly those tracking digital assets beyond Bitcoin and Ethereum. Market analysts often note that thin trading and episodic inflows are characteristic of crypto funds with niche focus or lower recognition among institutional investors.
Cumulative inflows surpass $12 millionDogecoin ETFs have now exceeded $12 million in cumulative total net inflow. As of July 24, SoSoValue reported that overall net investments in these funds had reached $12.12 million. This week also marks the first time since the period ending June 18 that Dogecoin ETFs have posted a positive net inflow, registering $345,130 in weekly gains.
DateDaily Net InflowCumulative Total Net InflowJuly 21$345,130$12,120,000July 22$0$12,120,000July 23$0$12,120,000July 24$0$12,120,000DOGE price and futures activityDogecoin’s market price continues to face downward pressure, mirroring a wider decline in the cryptocurrency sector. DOGE was down 0.17% over the previous 24 hours and traded at $0.07 at last check.
Open interest in DOGE futures has reached $1.10 billion, signaling higher trading activity in derivative markets. However, with spot prices falling to their lowest level since November 2023, some analysts suggest traders may be positioning for further downside.
The combination of increasing open interest alongside a declining price is seen as an indicator that some participants are seeking to capitalize on falling values.
Technical signals and analyst outlookA closely followed technical indicator has offered a note of optimism. Crypto analyst Ali reported that the Tom DeMark (TD) Sequential has presented a buy signal on Dogecoin’s monthly price chart. This comes as DOGE approaches a strong support zone at $0.056.
Mini dictionary: TD Sequential, a technical analysis indicator developed by Thomas DeMark, is used to identify price exhaustion and potential trend reversals in financial markets.
If Dogecoin maintains support above $0.056, analysts point to the possibility of a rebound. Upside targets include $0.16, with a longer-term channel top near $0.45 seen as a broader objective.
Crypto analyst Ali highlighted that the TD Sequential has signaled a potential buying opportunity for Dogecoin, noting the importance of the $0.056 support level as a foundation for a possible move toward $0.16 and above.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Dogecoin has slipped below a key weekly support level, trading near $0.069, and returned to its long-term accumulation zone around $0.07. Analysts have flagged this development as a potential trigger for further downside, unless Dogecoin swiftly reclaims the $0.071 to $0.074 range.
Dogecoin revisits accumulation zone near $0.07The meme-inspired cryptocurrency has dropped back into the support region that has historically attracted significant buyer interest during market corrections. Trading near $0.069, Dogecoin sits in the blue zone between $0.055 and $0.080, identified by analyst Surf as a major accumulation area.
Since 2021, Dogecoin has repeatedly rebounded from this accumulation block, often following extended declines. Each recovery period has differed in strength and duration, but the zone has consistently provided buyers with an entry point.
Dogecoin’s recent decline from its peak near $0.48 in late 2024 brings the price structure into sharper focus. According to analysts, as long as price action continues forming lower highs, underlying momentum remains negative. However, the current region could still spur another round of buying if long-term supporters return.
Sustaining levels above $0.055 is critical for maintaining this multi-year support structure. A recovery to $0.08 or $0.10 would be the first sign of a shift in sentiment, though there is no conclusive evidence yet that a bottom has formed.
Dogecoin’s long-held support area has sparked rebounds in the past, but breaking below could invalidate the accumulation thesis and open the door to additional losses.
If buyers step in and defend this historical block, Dogecoin may once again find a platform for upside. Conversely, failure to hold above this threshold could allow the market to search for new lower supports.
Mini dictionary: Accumulation zone, a price region where buyers consistently accumulate an asset after extended declines, providing repeated support and often preceding price rebounds.
Bears in control after key support breakDOGE’s loss of the $0.071 weekly support has made the short-term outlook more negative. Analyst Scient pointed out that this development could indicate widespread weakness in the crypto sector, as Dogecoin is often viewed as a speculative sentiment gauge.
The breakdown occurred after another failed rally attempt at a descending resistance, signaling persistent selling pressure. DOGE is now trading just below its former support range, and buyers must reclaim $0.071 to $0.074 to reverse the technical damage.
If price stays below these levels, the chart shows $0.065 as the next immediate support, with a longer-term trendline near $0.061 offering further downside targets.
Support/Resistance LevelDescription$0.080 – $0.055Long-term accumulation zone$0.071 – $0.074Key weekly resistance to reclaim$0.065Immediate potential support$0.061Major descending trendline support Unless DOGE recaptures the $0.071 to $0.074 range soon, the risk of sliding further to $0.065 and then $0.061 remains elevated.
A decisive move below $0.061 would intensify the bearish trend, potentially driving Dogecoin to new local lows inside its historical accumulation band. Until buyers recover key levels, market sentiment is likely to remain under pressure.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Dogecoin-backed ETFs still struggle to convince investors. After a brief surge in subscriptions, institutional interest quickly waned, confirming the difficulties these products face in establishing themselves in the market. As asset managers look to expand the crypto ETF offering beyond bitcoin and Ethereum, funds linked to memecoins illustrate the limits of this diversification. This new stagnation phase raises questions about the real appetite of investors for these atypical financial vehicles.
In brief After a single day of inflows at $345,130 on July 21, daily flows quickly dropped back to $0 on July 22, 23 and 24. Despite these frequent pauses, ETFs record their first positive week since June 18, totaling $12.12 million. DOGE’s price falls 0.17% over 24h to stand at $0.07, nearing its lowest level since November 2023. Open interest on derivatives rises to $1.10 billion, indicating an accumulation of short positions in the short term. The illusion of a return of institutional liquidity on Dogecoin ETFs Dogecoin-backed ETFs have abruptly fallen back into a complete standstill phase, breaking hopes of a prolonged rebound in institutional flows. According to aggregated data, recent activity boils down to particularly marked figures :
July 22, 23, and 24 : no net daily inflows recorded consecutively ; The surge of July 21 : $345,130 injected, breaking a series of days without inflows started on July 6 ; Weekly volume : it is the first positive week in terms of capital inflows since the week ended June 18. Although this daily dynamic seems bleak, the overall evaluation reveals a more balanced financial structure. Experts remind that days with no net flow are not unusual for recent products or displaying limited volumes, especially when tracking memecoins. Despite the dry spell observed at the end of the week, the net cumulative balance on these ETFs remains solid above the symbolic threshold of $12 million.
A divided market Beyond the lethargy of listed products, the spot market and the futures sector send highly conflicting signals reflecting uncertainty. Thus, the Dogecoin price undergoes general crypto market pressure, showing a slight drop of 0.17% over the last 24 hours to trade around $0.07. This decline occurs as the spot price hit on Thursday its lowest level recorded since November 2023. This weakness on the physical market shows a lack of aggressive short-term buyers to support the price.
Contrary to this deterioration observed on the spot price, open interest on DOGE futures is rising and firmly in the green, reaching $1.10 billion. The simultaneous combination of rising open interest and falling spot prices is a specific signal for finance specialists. The association of growing open interest with a plunging price indeed indicates a massive accumulation of short positions by investors, evidently willing to speculate on a further downward continuation of the ongoing corrective movement.
Technical indicators Despite the dominance of sellers on derivatives, the exclusively bearish market reading is nuanced by the presence of technical signals leading to longer-term reversal scenarios. Crypto analyst Ali highlights a chart pattern particularly watched by specialists. Thus, the TD Sequential indicator has just confirmed an explicit buy signal on the monthly chart of the memecoin. This rare setup occurs at a pivotal moment as the token approaches a major strategic support zone identified around $0.056.
If this historic technical floor manages to contain selling pressure and trigger a buyer reaction, projections foresee a first rebound towards an intermediate target of $0.16. In case of confirmation of this movement, the larger bullish target stands around $0.45.
The current Dogecoin dynamic therefore requires extremely careful and nuanced observation. On one side, the recurrent absence of inflows in ETFs and the rise in short positions reflect genuine short-term skepticism. On the other side, the presence of monthly buy signals on fundamental support zones proves that the structural rebound potential remains technically intact if the critical threshold of $0.056 is preserved.
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Adjinacou Luc Jose
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Bitcoin held steady despite a sharp selloff in technology stocks triggered by weaker-than-expected corporate earnings.
Notable Statistics:
Coinglass data shows 83,203 traders were liquidated in the past 24 hours for $301.33 million. SoSoValue data shows net outflows of $225.2 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $26.3 million. In the past 24 hours, top gainers include DeXe, Audiera and LayerZero. Notable Developments:
Trader Notes:
Trader Crypto Kaleo remains confident that Bitcoin has one final leg lower before the bear market bottom is in, though the decline could come either by mid-to-late August or sooner.
He believes the market is nearing its bottom from a timing perspective and recommend keeping capital ready to accumulate high-conviction assets.
Meanwhile, he does not expecting Bitcoin to reclaim $100,000 or set new all-time highs until 2027.
Trader KillaXBT argues that Bitcoin’s market cycle has accelerated, pointing out that it reached a new all-time high before the last halving and did so just 476 days after the cycle bottom, much faster than in prior cycles.
He expects the same pattern to repeat, with a pre-halving all-time high, faster bottoms and tops, and caution against relying too heavily on historical seasonality, which he believes has already begun to diverge.
Image: Shutterstock
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Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Even though the meme cryptocurrency is still trading close to multi-month lows, Dogecoin has seen a significant increase in trading activity, with 24-hour spot volume rising by more than 123%. The increase in participation indicates that traders are becoming more active in the current support zone, even though price action is still weak.
Dogecoin's volumes riseThe most recent market data shows that DOGE's spot trading volume has increased to about $219 million, and its futures volume has reached about $1.5 billion. The fact that open interest is more than $1.1 billion shows that leveraged traders are still heavily exposed even though the asset is having difficulty making a significant comeback. But from a technical standpoint, the chart is still very negative.
DOGE/USDT Chart by TradingViewAfter yet another rejection below the 26-day exponential moving average, which is now close to $0.074, Dogecoin is trading at about $0.069. Additionally, the price is still significantly below the 50-day EMA at $0.078 and the 100-day EMA at $0.087, indicating that sellers continue to control the medium- and longer-term trends.
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The 200-day moving average, which is currently above $0.10, is still sloping downward, indicating how much more work bulls have ahead of them before a structural reversal is feasible. Momentum indicators are just as cautious. With an RSI of roughly 34–35, DOGE is in the vicinity of oversold territory.
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Even though that raises the likelihood of a technical bounce, oversold conditions by themselves seldom indicate a long-term bottom during established downtrends. It is interesting to note that derivatives positioning paints a more positive picture.
Who's exposed to DOGE?Top traders on Binance and OKX have substantially more long than short exposure, and long-to-short ratios on major exchanges continue to be strongly skewed toward bullish wagers. However, this optimism has not yet resulted in persistent spot market buying pressure.
Thus, the rise in trading volume warrants consideration. Increasing volume during a protracted decline frequently indicates one of two things: either accumulation as larger players covertly take supply from weaker hands, or capitulation as remaining holders give up their positions.
Price confirmation is necessary to differentiate between those results. As of right now, Dogecoin is still printing lower highs and lower lows, indicating that the trend has not altered. Bulls' first task is still to recover the 26-day EMA at $0.074. A stronger breakout would aim for the $0.087 resistance zone, while a move above that level might set off a recovery toward the 50-day EMA near $0.078.
Dogecoin (CRYPTO: DOGE) plunged 6% on Thursday, as Elon Musk admitted in an Economist interview that he got “carried away” with politics and the Department of Government Efficiency.
What Did Musk Actually Say About DOGE?In a wide-ranging interview with the Economist, Musk said he backed Trump with $200 million in 2024 before heading the so-called Department of Government Efficiency, overseeing $150 billion in budget cuts and forcing tens of thousands of people out of federal jobs.
“I think instead of doing Doge, I would have basically worked on my companies,” Musk said.
While DOGE the government department and DOGE the cryptocurrency have no official connection, Musk’s long association with the token through public statements and social media has kept the two tightly linked in market perception.
Where Does DOGE Stand After 20 Months Of Losses?Crypto analyst CrediBULL Crypto noted on X that DOGE has fallen roughly 78% against Bitcoin over the past 20 months and has now entered his first area of interest on the DOGE/BTC pair.
He said he is still looking for a bit more downside on the USD pair before considering a position for the first time.
Meanwhile, spot Dogecoin ETFs recorded net inflows of $345,130 on July 21, their first inflow since June 17, according to SoSoValue data. However, those inflows returned to zero by July 23.
Is Today’s Bounce A Recovery Or A Trap?DOGE attempts a 1% bounce to $0.069 Friday after yesterday’s breakdown below $0.07, a support level that held for weeks.
The $0.07 level has now flipped from support to resistance, and every major EMA sits overhead in a bearish stack: 20-day at $0.073, 50-day at $0.078, 100-day at $0.087, and 200-day at $0.103.
Any bounce that fails to reclaim $0.07 on a daily close traps fresh longs rather than signals a reversal. Breakdown targets sit at $0.055 to $0.058 on continuation.
Key levels for DOGE: $0.07 — broken support now acting as resistance $0.073 — 20-day EMA, next ceiling above $0.068 — immediate demand zone below $0.060 to $0.058 — next meaningful floor if $0.068 fails Photo via Shutterstock
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"The next big move could shock everyone," one analyst predicted.
The biggest meme coin by market capitalization is down 12% over the past month, while its most recent plunge below a critical level suggests sellers may now be in full control.
On the other hand, Ali Martinez pointed to the formation of a rare setup that could be a precursor to a major bull run.
Will Bears Keep the Wheel? DOGE has tumbled by roughly 5% on a 24-hour scale and is currently worth around $0.069 (according to CoinGecko). The X account BSCN noted that in its weekly anomaly report, Santiment flagged the meme coin as “hype without news,” warning that a price drop below $0.071 would hand control to the sellers.
“Santiment’s core read was that DOGE trades as amplified Bitcoin beta, falling harder in selloffs, and this session proved it on cue,” it added.
According to the analytics platform, a quick reclaim of the key $0.071 zone would repair the setup, but staying beneath it would indicate that bears continue to dominate.
Other market observers who also touched upon DOGE include Kamran Asghar and Scient. The former claimed that the token is approaching “a make or break” level, predicting that “the next big move could shock everyone.” The latter was firmly on the bearish side, expecting a further drop in the coming days.
The Bullish Signals Contrary to its poor performance as of late, the renowned analyst Ali Martinez outlined that DOGE’s weekly TD Sequential indicator has flashed numerous consecutive buy signals. He labeled the development “a rare setup that could be warning a major bull rally is approaching.”
X user Cryptollica chipped in, too, noting the “dead attention” surrounding Dogecoin recently. At the same time, they believe this is the best moment to jump on the bandwagon, saying:
You may also like: Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH Could Dogecoin (DOGE) Be Setting Up for Its Next Big Move? Analysts Think So ‘Dead Meme’ or Major Opportunity? DOGE Is Flashing The Same Signal That Preceded Its Biggest Rallies “Invest when no one else cares. That way, you will make money.”
The institutional interest is also worth mentioning. Earlier this week, spot DOGE ETFs witnessed their first green day since mid-June. However, the capital flowing into these products remains negligible, and appetite from big players like pension funds and hedge funds should seriously increase to positively impact the price.
Dogecoin is once again trading at an important long-term support area that has historically marked cyclical lows, according to several technical analysts. The memecoin is entering this zone after months of declining prices, raising questions over whether it is poised for another accumulation phase or if further losses are ahead.
Dogecoin revisits historical cycle supportAnalysis from Cryptollica has identified a rising support level that previously anchored major Dogecoin cycle bottoms in 2015, 2020, and 2022. Each retest of this area coincided with periods of weak momentum and low market interest, typically preceding significant recoveries for the cryptocurrency.
A 10-day chart shared by Cryptollica illustrates how Dogecoin tends to form higher cyclical floors, even as it undergoes large price swings between bull and bear market cycles. This recurring pattern has prompted speculation that DOGE may be re-entering an accumulation period, mirroring previous phases in its price history.
Cryptollica’s proprietary cycle indicator, used to gauge the current phase of Dogecoin’s market cycle, recently began to rise from significantly low levels. With its score currently at 23, the analyst describes DOGE as being in a “rebuilding phase,” rather than having started a confirmed upward expansion. This suggests that while selling pressure might be easing, buyers have yet to demonstrate strong momentum.
Dogecoin’s cycle indicator is showing early signs of recovery from extreme lows, putting the token in a rebuilding phase rather than suggesting an imminent breakout.
Despite similarities to previous market cycles, analysts warn that historical data alone cannot confirm a new bottom has been reached. Any decisive breakdown below this rising support would weaken the bullish outlook and could lead to an extended decline.
Analysts are closely monitoring whether DOGE will continue consolidating above this key support. A sustained recovery from this structure, followed by a break above the current series of lower highs, could serve as the first clear signal for a wider rebound.
Critical support zone follows sustained downtrendDOGE is now trading near $0.069, having dropped from its 2024 high of approximately $0.48. The token remains under a descending resistance trendline, reflecting that sellers still have control over the broader market structure.
Analyst Kamran Asghar has highlighted the $0.055 to $0.060 support band as an area that stabilized Dogecoin during sharp selloffs in both 2022 and 2023. The latest test of this level is viewed as crucial for DOGE’s medium-term direction.
If the green support zone continues to hold, a relief rally may materialize. This would especially be the case if buyers manage to reclaim the $0.075 to $0.095 region, signaling potential strength and breaking the sequence of lower highs.
The area has held through several major corrections, making the latest test critical for Dogecoin’s long-term structure.
However, favorable risk-to-reward dynamics depend on support remaining intact. A weekly close below $0.055 risks invalidating the historical support thesis and could open the door to a deeper bearish move.
Currently, Dogecoin stands at a crucial decision point. Its price action in the coming weeks will determine whether this support level marks the base for renewed accumulation or signals the breakdown of a multiyear floor.
Year/CycleSupport Zone TestedOutcome2015Cycle Low SupportFollowed by Recovery2020Cycle Low SupportMajor Rally2022-2023$0.055-$0.060Stabilization, Relief MoveNow (2024)$0.055-$0.060Decision PendingDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Dogecoin fell after Elon Musk admitted he got "carried away" with politics while reflecting on his role leading the Department of Government Efficiency.
Elon Musk has acknowledged that his involvement in U.S. politics and the Department of Government Efficiency went further than he intended.
“I think I got a little too involved in politics,” Musk said in an interview with The Economist published on July 23.
“Got carried away, frankly.”
Dogecoin fell sharply after the interview was released, extending the memecoin’s recent losses despite having no formal connection to the government initiative that shared its DOGE acronym.
Musk reflects on his DOGE rolePresident Donald Trump established the Department of Government Efficiency by executive order on Jan. 20, 2025, tasking it with modernizing federal technology and improving government efficiency.
Musk became the initiative’s most visible figure as it pushed to reduce federal spending, contracts and staffing. His appointment as a special government employee was limited to 130 days, and his government role ended in late May 2025. DOGE’s cost-cutting work continued after Musk’s departure until the initiative officially terminated on July 4, 2026.
Trending on TheStreet Roundtable:Analyst cuts Coinbase price target 40% ahead of Q2 earningsNew Senate bill could ban Trump from launching his own tokensPopular crypto firm files for Chapter 11 after token collapseDuring the July 23 interview, Musk continued to defend the initiative’s work but conceded that politics had taken too much of his attention.
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His latest comments echo an earlier admission that he would have prioritized his businesses differently.
“I think instead of doing Doge, I would have basically worked on my companies,” Musk previously said.
Dogecoin drops following interviewDogecoin traded near $0.0723 shortly before the interview’s publication before falling below $0.07, according to CoinMarketCap data shown in the accompanying chart.
DOGE dropped to approximately $0.0685, representing a decline of more than 5% from its pre-publication level. It was also down around 4.9% over the previous seven days.
Dogecoin drops after Elon Musk's statement: Coinmarketcap
The Department of Government Efficiency and Dogecoin are unrelated.
However, their shared acronym and Musk’s years of public support for the memecoin have kept the two closely connected in traders’ minds.
Attention and sentiment surrounding Musk’s social media activity have historically influenced Dogecoin’s market performance.
Dogecoin has repeatedly reacted quickly to Musk’s statements, endorsements and jokes. This time was no exception, with DOGE trading at about $0.0686 at the time of writing.
Leading cryptocurrencies dived alongside stocks on Thursday as elevated Middle East tensions trimmed investors’ risk appetite.
Crypto Market in RedBitcoin fell back to the mid-$64,000s, while Ethereum dropped to around $1,800, reversing earlier weekly gains. XRP and Dogecoin also broke to the downside.
Over $250 million was liquidated from the cryptocurrency market in the last 24 hours, with $188 million in bullish long positions alone wiped out, according to Coinglass data.
Bitcoin’s open interest fell 2.85% over the last 24 hours. A falling open interest with falling prices typically indicates that traders are exiting their long positions rather than new sellers taking over.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.25 trillion, following a dip of 0.59% over the last 24 hours.
Stocks Edge LowerStocks extended the decline on Thursday. The Dow Jones Industrial Average fell 506.93 points, or 0.97%, to end at 51,711.65. The S&P 500 slid 1.21% to 7,408.30, while the tech-heavy Nasdaq Composite lost 2.15% to close at 25,137.69
U.S. strikes on Iran entered their 13th consecutive day, while Yemen’s Iran-backed Houthi militia announced a maritime embargo on Saudi Arabia, raising fresh worries about oil exports transiting the Red Sea, another key oil shipping route
Time to Accumulate?Ali Martinez, a widely followed cryptocurrency analyst and trader, noted that Bitcoin’s Sharpe ratio—which measures the reward per unit of risk—has dived into the negative territory, creating an “asymmetric” entry point for long-term investors.
“Past instances where the ratio compressed to these levels, such as during the 2015, 2019, and 2022 bear market bottoms, marked final capitulation phases,” the analyst added.
Michaël van de Poppe, another prominent cryptocurrency influencer, said that Ethereum’s $2,500 target remains intact, while admitting that the latest correction “isn’t great for the markets.”
Photo Courtesy: Marc Bruxelle on Shutterstock.com
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Bitcoin maintained stability near $65,400 during Friday’s Asian trading, even as U.S. technology companies faced their steepest collective loss in months. Despite a sharp sell-off in the stock market, the largest cryptocurrency moved less than 1% lower, signaling a rare moment of divergence from the equity rout.
U.S. tech stocks see dramatic lossesThe Magnificent Seven, referring to the group of leading U.S. megacap technology stocks that have driven much of Wall Street’s performance since 2022, lost approximately $797 billion in market value on Thursday. This plunge, reported by Bloomberg, marked their worst single-day loss since April 2025. The S&P 500 fell 1.2%, while the Nasdaq 100 declined by 1.9%. The tech group now sits 11% below its peak from late May, erasing nearly $2 trillion in value.
The Magnificent Seven dropped 4.8% on Thursday, their most severe session since the tariff-driven selloff of April 2025, highlighting the market’s heightened sensitivity to aggressive spending in AI infrastructure.
AI spending triggers market fearsA major driver behind the tech-sector selloff has been concern over capital expenditures on artificial intelligence. Alphabet, the parent company of Google, raised its annual spending target to as much as $205 billion. Meanwhile, Elon Musk, chief executive of Tesla, described 2026 as “a massive capex year” after the company posted profits well below analysts’ expectations.
Investors have grown uneasy with the rapid pace at which technology companies are investing in AI infrastructure, fearing that profit growth may not keep up with such high outlays. This anxiety had been closely linked to performance in both technology stocks and Bitcoin over the past month: the cryptocurrency has tended to rise alongside chip stocks and fall when those shares weaken, moving as a proxy for the broader AI investment cycle.
Mini dictionary: The Magnificent Seven, a term widely used in financial media, refers to the group of the largest and most influential U.S. technology companies, typically including Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta Platforms (formerly Facebook).
Cryptocurrencies remain steady amid equity sell-offWhile the equities market experienced sharp losses, Bitcoin limited its decline to less than 1% for the day, staying within the $65,000 range, and was up 3% across the week. Ether retreated 3% to $1,879. Other leading cryptocurrencies also recorded losses, but their moves were notably small compared with the tech sector’s decline.
Dogecoin registered the steepest drop among the major cryptocurrencies, down 5% to $0.069 for the day and 4% over the week. XRP slipped 2% to $1.11, Solana lost 3% to $76, and Hyperliquid‘s HYPE token dropped to $58, falling 4% across seven days. Despite red numbers, the cryptocurrency market’s losses were mild relative to the technology sector.
AssetDaily ChangeWeekly ChangeCurrent PriceBitcoin-1%+3%$65,400Ether-3%—$1,879Dogecoin-5%-4%$0.069XRP-2%—$1.11Solana-3%—$76HYPE—-4%$58Potential decoupling from AI tradeThe synchronized movement between cryptocurrency prices and technology equities has been one of the defining market features in recent months. Bitcoin, in particular, often responded to swings in semiconductor and AI-related stocks. Some analysts cautioned that the trend might be changing after Bitcoin showed notable independence during the most recent rout in U.S. tech shares.
Whether this signals a longer-term decoupling between Bitcoin and the AI-driven tech cycle remains uncertain, but the divergence seen in the latest session is an important indicator for market watchers.
Bitcoin miners have increasingly diversified into operating AI data centers. Should major technology companies begin to scale back AI spending, the effects would eventually be felt in the cryptocurrency mining sector, though the lag may be longer than during market rallies.
Recent crypto market developmentsMarket composition has shifted since June, with Binance, the world’s largest crypto exchange by trading volume, retaining around 55% of user funds and 24% of spot market activity. The exchange drew net inflows in early July, contrary to outflows seen elsewhere.
Among other recent developments: the Clarity Act, addressing crypto regulation, may miss legislative approval before Congress’ summer break; Robinhood CEO Vlad Tenev’s X account was compromised in a token promotion scheme; and BlackRock, Coinbase, and Strategy formed a group pledging $15 million for Bitcoin’s quantum security efforts.
Crypto markets have paused for breath, with industry observers watching for signs of further divergence from traditional tech stock trajectories as July progresses.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Dogecoin (DOGE) price trades in the red below $0.0700 on Friday, following a 5% drop the previous day. DOGE loses retail strength as broader market speculative demand eases with elevated tensions between the US and Iran. The technical outlook for DOGE points to deeper losses below $0.065.
Dogecoin takes the fall as broader market risk appetite wanesDogecoin, the largest meme coin with a valuation of over $11 billion, shows strong correlation with broader market sentiment, with speculative demand as the key bullish catalyst. The ongoing US-Iran war and President Donald Trump’s threat of a “major military punishment” for Iran have elevated fear in the crypto market. CoinMarketCap’s Fear and Greed Index stands at 37 on Friday, down from 40 on Wednesday, reflecting sentiments returning to bearish levels.
Fear and Greed Index. Source: CoinMarketCapCoinGlass data shows the DOGE futures Open Interest (OI) edges lower to $1.10 billion, reflecting a mild contraction in the notional value of existing perpetual contracts. However, the 76% increase in trading volume to $1.38 billion reflects rising retail activity.
The funding rate of -0.0016% reflects a bearish bias in the retail activity, as traders are willing to buy short positions at a premium. In addition, long liquidation of $8.19 million over the last 24 hours outpaced short liquidation of $552,490, reaffirming the sell-side dominance.
DOGE derivatives data. Source: CoinGlassWill Dogecoin extend its decline below $0.0700?Dogecoin hovers below $0.0700 at press time on Friday after a 5% decline the previous day broke below the $0.0700 threshold. The meme coin maintains a bearish near-term bias, with price holding below both the 50-day Exponential Moving Average (EMA) at $0.0788 and the 200-day EMA at $0.1032.
The pair remains vulnerable to more downside after a sustained decline, with the Relative Strength Index (RSI) hovering at 31, on the verge of signaling oversold conditions. Meanwhile, the Moving Average Convergence Divergence (MACD) tests the signal line, hinting at renewed bearish momentum.
On the downside, the next meaningful support comes in at $0.0641, where buyers would be expected to defend the recent range; a daily close below this floor would likely open the door to a deeper slide despite the nascent improvement in momentum indicators.
DOGE/USDT daily price chart.On the topside, immediate resistance appears at the horizontal barrier of $0.0700, followed by $0.0777, near the 50-day EMA at $0.0788, which together define a broader supply zone.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Dogecoin Price fell to $0.0690 after losing 4.75% during the latest 24-hour trading period. The fall was due to more general market deleveraging and the U.S.-Iran war crisis. The total crypto market value declined by 0.96% to reach $2.22 trillion as liquidations compounded the broader macro-sell off.
Bitcoin price hovered near mid $65,000 and Ethereum price fall to the 1,880 level after undoing previous weekly gains. XRP and Dogecoin also faltered, with the investors lessening their exposure to riskier digital assets. DOGE is currently in testing of support levels last observed in late 2024.
The token also remains close to its lowest trading range of 2025. Traders are monitoring whether new spot ETF inflows can help in promoting a rebound. Nevertheless, poor sentiment, mixed expectations of the Federal Reserve, and poor technical conditions are still constraining the short-term recovery. Long-term purchasing is required before the momentum can be determined.
Dogecoin ETFs Record First Inflows Since June 17 as DOGE Funds Recover Spot Dogecoin ETFs reported net inflows of $345,130 on July 21, the first day of inflows since June 17.
The inflow followed more than one month of flat activity and one outflow session on July 2. However, SoSoValue data showed daily net inflows returned to zero by July 23.
Source: SoSoValue data The cumulative net inflows were 12.12 million and the cumulative net assets were 9.88 million. The assets constituted approximately 0.09% of the market capitalization of Dogecoin.
This was a cumulative trading worth of 265,040 in the last reported session. The GDOG of Grayscale was the leader with cumulative inflows of $11.30 million and assets of $6.78 million.
TDOG managed by 21Shares was introduced to inflows and asset respectively with 2.19 million and 2.65 million. BWOW of Bitwise noted a cumulative outflow of 1.38 million and assets of some 453,880. The three funds all closed negative and had a daily loss of between 4.61% and 4.92%.
Dogecoin Price Falls Below $0.070—Is a Rebound Coming Next? At the time of writing, the DOGE price traded at $0.0693 after losing 1% on the four-hour chart. Dogecoin price slipped below the $0.07 support after heavy selling volume pushed prices toward the lower range.
Short-term support is now right around 0.0680, with buyers possibly making another attempt at recovery. The RSI dropped to 34.51 and has weak momentum, and it is tending towards an oversold state. However, the CMF remains positive at $0.08, suggesting some capital continues entering the market.
Source: Tradingview DOGE price must reclaim $0.070 to improve its short-term outlook and challenge resistance at $0.0720.
A confirmed move above $0.0720 could open targets near $0.0740 and $0.0760 as per the Future Dogecoin outlook. Loss of $0.0680 would undermine the framework and put DOGE at risk of falling to $0.0660.
Amid a broader crypto pullback, Dogecoin’s downward momentum strengthened significantly. The memecoin breached the $0.07 support and dropped to $0.068.
Dogecoin last touched these levels in November 2023. At press time, Dogecoin [DOGE] traded around $0.069 after falling 4.3% on the daily chart.
Over the same period, the memecoin’s Trading Volume climbed 57% to $866 million, reflecting increased market activity.
Source: CoinGlass The decline also triggered increased liquidations across Dogecoin’s leveraged positions.
According to CoinGlass, $8.20 million worth of long positions were liquidated over 24 hours. Short liquidations reached only $552,490, showing that the decline disproportionately affected bullish traders.
Why are Dogecoin traders exiting? As Dogecoin plummeted, rising liquidation risk prompted leveraged traders to reduce their exposure.
According to Coinalyze, Dogecoin’s Sell Perps Volume climbed to 493.04 million. Meanwhile, Buy Perps Volume stood at 426.535 million.
Source: Coinalyze As a result, the Buy-Sell Delta fell to -66.505 million. Net Buying also remained negative at -1.385 billion.
Both readings showed that selling activity outweighed buying across Dogecoin’s perpetual market. The Futures market recorded similar capital outflows.
Futures Outflows climbed to $520.41 million, while Futures Inflows stood at $425.94 million. Consequently, Futures Netflow declined 361.34% to -$94.46 million.
Source: CoinGlass This indicated that considerably more capital exited Dogecoin futures than entered during the measured period. These conditions intensified DOGE’s downward pressure and left traders watching whether $0.07 could be recovered.
Can DOGE avoid further losses? Amid heavy position reductions, Dogecoin’s downward pressure intensified.
The Relative Strength Index [RSI] reflected this weakness. The RSI fell to 31.34, placing DOGE close to oversold territory.
Source: TradingView This reflected intense bearish momentum, although the near-oversold reading could eventually attract dip buyers.
Therefore, if the current pressure persists, DOGE could remain below $0.07 and fall towards $0.065. However, Spot Netflow offered some relief from the derivatives’ weakness.
Source: CoinGlass Spot Netflow remained negative as Dogecoin declined on the 23rd and 24th of July. It stood at -$1.87 million at press time, showing that exchange outflows exceeded inflows.
Those withdrawals suggested reduced immediate selling availability and offered DOGE some support.
If demand holds, Dogecoin could reclaim $0.07 and target $0.075. Continued derivatives weakness may expose $0.065.
Final Summary Dogecoin [DOGE] dropped below the $0.07 support level and declined to 2023 lows of $0.068. Amid rising liquidation risk, traders panicked and exited their positions, further strengthening the downward momentum.
Bitcoin hovered near the $65,000 mark on Friday as escalating Middle East tensions weighed on sentiment in the cryptocurrency market, while Ethereum also traded lower.
Bitcoin was trading at $65,345, while Ethereum was at $1,877.
Over the past 24 hours, Bitcoin declined 0.43% and Ethereum fell 2.23%. Among major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin and Cardano dropped by as much as 4.09%, while Tron edged up 0.05%.
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Nischal Shetty, founder of WazirX, said that Bitcoin remained under pressure as geopolitical tensions in the Middle East dampened investor sentiment, prompting a shift toward safer assets. Ethereum also weakened, with traders closely monitoring institutional positioning and broader market uncertainty.
“Bitcoin's daily technical indicators remain neutral, with immediate support around $64,200–$64,500, while Futures traders are watching whether BTC can sustain a move back toward $66,000. For Ethereum traders, $1,840–$1,860 remains the key support zone, while $1,900 is the next major resistance,” Shetty further said.
The global crypto market capitalisation went down 0.7% to $2.22 trillion, according to CoinMarketCap.
Akshat Siddhant, Lead quant analyst, Mudrex said fresh attacks in the Middle East have pushed crude oil above $90 a barrel, while driving US bond yields to their highest levels in 18 months, weighing on risk assets.
Despite the weakness in price, US spot Bitcoin ETFs extended their inflow streak to seven consecutive sessions, attracting nearly $1 billion in total, Siddhant further said.
In the past week, Bitcoin and Ethereum were up 2.98% and 1.58% respectively. Among the major altcoins, BNB, Hyperliquid, and Dogecoin corrected upto 4.17% whereas XRP, Solana, Tron, and Cardano gained upto 4.47%.
Crypto markets are also facing pressure from tighter financial conditions. Bitcoin remains relatively stronger than Ethereum and major altcoins, with its four-hour structure constructive above $65,000, said Riya Sehgal, Research Analyst, Delta Exchange.
Here is what other analyst say
Vikram Subburaj, CEO, Giottus: Institutional demand has improved materially. US spot Bitcoin ETFs recorded approximately $999.3 million in inflows across seven consecutive positive sessions from July 14 to July 22. These inflows more than offset the $424.7 million outflow recorded on July 13. July 23 showed a preliminary $22.6 million outflow, although BlackRock’s IBIT figure remained unavailable.
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Avinash Shekhar, Co-Founder & CEO, Pi42: The latest correction across the crypto market reflects how quickly global geopolitical developments can influence investor sentiment across asset classes. Bitcoin’s pullback towards the mid $64,000 range, alongside weakness in Ethereum and other leading digital assets, comes amid heightened uncertainty following the escalation in the Iran conflict and a broader shift away from high-growth assets.
CoinSwitch Markets Desk: The July recovery could lose momentum if BTC fails to reclaim $65K, with the 21-day moving average near $64K acting as key support and $68K as the next major resistance. Investors may prefer disciplined positioning, limited leverage and gradual accumulation near support rather than chasing short-term rebounds.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
After its spectacular launch rally, Cash Cat is still losing ground; the token is currently trading at $0.046. The daily chart clearly shows that sellers are now in charge, as speculative buying pressure has virtually completely vanished. CASHCAT did not establish any significant consolidation after its initial surge toward the $0.20 region. Instead, a textbook downtrend has been created as each attempt at recovery has resulted in a lower high.
This structure is reinforced by the most recent candle sequence, which shows that buyers were unable to withstand even the brief recovery toward $0.08. The chart's lack of accumulation following the collapse is among its most alarming features. Violent sell-offs of strong meme assets are frequently followed by protracted sideways trading as new buyers enter the market.
CASHCAT/USDT Chart by TradingViewCASHCAT does not yet exhibit that behavior. Rather, the price keeps printing lower lows while daily volatility progressively decreases, indicating a decline in the activity of both buyers and sellers. Momentum indicators are still not very good. The token is kept below the neutral 50 level by the RSI, which is currently at 41.
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Although this reading is no longer oversold, it also shows no signs of a resurgence of bullish momentum. Every bounce runs the risk of turning into another brief relief rally rather than the start of a long-term reversal until the RSI rises back above 50.
Currently, the main resistance zone is located between $0.06 and $0.08. Before it broke sharply, that area served as short-term support, so if the price rises, sellers are probably waiting there to sell their positions. The first technical indication that bears are starting to lose control would be reclaiming that range. The present lows around $0.045 are becoming more significant on the downside.
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A clear breakdown below them would expose CASHCAT to yet another wave of price discovery lower, since the token would have no historical support. Even though long upper wicks occasionally indicate speculative buying attempts, the structure as a whole is still bearish.
Although buyers frequently fail to sustain higher prices by the daily close, those spikes show that liquidity is still present. It seems likely that CASHCAT will continue to face pressure unless meme coin sentiment across the market significantly improves. Before any discussion of a wider trend reversal is technically warranted, bulls must set a higher low and recover the $0.06–$0.08 zone.
Solana's stabilization effort After months of weakness, Solana is trying to stabilize, trading at about $76 and progressively forming a string of higher lows. Heavy resistance overhead continues to limit the broader trend, despite the chart's notable improvement since June's steep decline toward the low-$60 area.
The relationship between price and the shorter moving averages is the most promising development. Both the 26-day and 50-day exponential moving averages have been successfully recovered by SOL, and they are now serving as dynamic support. The price has been consolidating above those levels for a number of sessions, suggesting that buyers are protecting recent gains rather than taking quick profits. The wider picture is still difficult, though.
SOL/USDT Chart by TradingViewThe 100-day EMA is currently close to $80 and has consistently rejected attempts to rise throughout July. The 200-day EMA at $93 is still sloping downward even higher, highlighting the fact that the longer-term trend has not yet returned to bullish territory. Solana might benefit from the current $76 consolidation.
The price is moving sideways while allowing moving averages to compress below, rather than extending vertically into resistance. If buying volume eventually reappears, this frequently lays the groundwork for a more forceful breakout attempt. The RSI is consistent with that interpretation. The indicator is close to 51, which is nearly neutral. This implies that momentum has bounced back from negative conditions without overheating. Before momentum enters overbought territory, bulls still have room to move higher.
The area between $80 and $84, where the declining 100-day EMA intersects with earlier horizontal resistance, continues to be the center of immediate resistance. Reaching the $90 area, which is psychologically significant, would probably lead to a resurgence of optimism. The shorter moving averages are currently converging at $73–$74, where support has strengthened.
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The recent recovery would be weakened if that area were lost, and SOL might return to the mid-$60 range. During the most recent consolidation, volume has progressively decreased, which is quite common following a recovery rally. Before anticipating a clear breakout, traders will probably wait for a discernible rise in buying activity. Compared to earlier this summer, Solana's technical picture has significantly improved overall.
The asset has developed a positive base and is no longer in freefall. However, the recovery should be seen as an improving consolidation rather than the start of a confirmed long-term uptrend until SOL firmly breaks through the $80–$84 resistance zone.
XRP's difficult periodXRP has already encountered difficulties in its most recent breakout attempt. Sellers swiftly intervened and drove the asset back below the breakout level after it momentarily pushed above the upper boundary of its ascending triangle. The rejection implies that buyers are still not convinced enough to buck the general downward trend. Right now, XRP is trading at about $1.13, which is nearly exactly where several short-term moving averages converge.
XRP/USDT Chart by TradingViewThe 50-day and 100-day moving averages are still higher at $1.16-$1.24, forming a dense supply zone, while the 26-day EMA is serving as immediate resistance. Upside is probably going to be restricted until XRP clears that cluster. Following the unsuccessful breakout, the daily RSI has fallen back below the neutral 50 level, indicating waning momentum.
An indication that bulls are having trouble attracting new capital is the volume, which has remained comparatively muted. The rising trendline that supported the most recent consolidation is still the crucial level to watch on the downside.
With psychological support at $1.00 becoming more crucial, a decisive daily close below it might invalidate the entire recovery structure and expose XRP to another move toward the $1.05 area. On the other hand, recovering $1.16 would boost confidence and restore access to the 50-day moving average.
Dogecoin's key weaknessDogecoin still appears to be substantially weaker than the majority of large-cap cryptocurrencies. The meme coin is trading close to $0.070, just above recent local lows, and it is still well below all of the daily chart's major moving averages. There is not much room for optimism in the technical structure.
The 50-day, 100-day, and 26-day moving averages are all trending above the price, indicating that sellers are still in charge across all significant time periods. In contrast to XRP, DOGE has been grinding sideways following a protracted decline rather than establishing any convincing higher-low pattern.
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The same weakness can be seen in momentum indicators. The RSI is below 40, a sign of bearish momentum that has not yet reached extremely oversold levels. If selling pressure picks up speed, that allows for an additional leg lower.
Additionally, compared to the peaks observed during earlier rallies, volume has significantly decreased, indicating that speculative interest has essentially vanished. In the absence of new demand, recovery efforts are likely to be sold into. Recovering the 26-day EMA at $0.075 is the first obstacle for buyers.
Stronger resistance emerges above that, close to the 50-day moving average at $0.078. If the current range is not maintained, DOGE may move toward the psychological $0.065 level, which would represent yet another major decline in its long-term structure. DOGE currently has one of the weakest-looking charts among major cryptocurrencies.
Santiment's Warning Plays OutOn-chain analytics firm Santiment flagged $DOGE in its weekly anomaly report, labelling it "hype without news." Social sentiment had climbed to +12.09 while price coiled in a tight range between $0.071 and $0.073, a pattern the firm described as a warning sign rather than a setup for a breakout. The key level to watch was clear: a daily close below $0.071 would hand momentum to sellers.
That line broke on July 23. Emotionally-traded assets like Dogecoin can flip direction fast , and this session was a reminder of exactly that. $DOGE slid to around $0.069, down nearly 5% on the day and the worst performer among the top 10 cryptocurrencies by market cap.
Oil Above $100 Did the DamageThe trigger was macro, not crypto-specific. Oil prices climbed back above $100 a barrel after Houthi militants claimed attacks on two Saudi tankers in the Red Sea, sending Brent crude futures up 7%. The shock rippled across risk assets broadly. The Nasdaq dropped 2.6% as rising oil prices and ballooning AI capital expenditure weighed on market sentiment.
Crypto was not spared. Bitcoin fell below $66,000 after reaching its highest level in over a month, as surging oil prices reignited inflation concerns. The risk-off rotation played out inside crypto too, with Bitcoin's dominance climbing to 59% as capital retreated from altcoins. $DOGE, which Santiment had described as amplified Bitcoin beta, fell harder than most, validating that read precisely.
When oil pushes above $100, crypto tends to struggle. The mechanism is spiking energy costs feeding inflation expectations, pushing rate-cut timelines further out, and draining the liquidity that risk assets depend on.
The setup is not necessarily broken beyond repair. A swift reclaim of the $0.071 level would put bulls back in contention. Until that happens, Santiment's framework holds: sellers are in control, and $DOGE remains the most vulnerable name in any broad market downturn. Not financial advice.
Sources:
MarketScreener: Oil Prices Hit $100 a Barrel While Tech Selloff Deepens
CoinDesk: Bitcoin Retreats as Oil Tops $85, Inflation Concerns Resurface
Motley Fool: Market Indexes Sink as Oil Tops $100 Amid Rising AI Costs
Dogecoin $DOGE co-founder Billy Markus has entered the ongoing debate over the network's mining structure, arguing that any push to remove merge mining is unnecessary and motivated by self-interest rather than technical need.
Markus Calls Removal Proposals "Pointless"Posting under his online alias @BillyM2k ("Shibetoshi Nakamoto") on X, Markus was direct in his assessment. He framed his view as that of a community outsider with no financial stake in the outcome, stating he has no investment in any scrypt-based altcoins. In his posts, he argued that proposals should "solve actual necessary problems and not random made up ones for self-serving reasons," and that removing merge mining is pointless and should not be done.
Markus also pushed back on security concerns raised by critics. When developer Paulo Vidal questioned what would happen to Dogecoin's security if Litecoin stopped operating, Markus directed him to revisit Satoshi Nakamoto's Bitcoin white paper, arguing that miners mine for reward, a dynamic he said makes the dependency argument weak.
What Is Merge Mining and Why Does It Matter?Merge mining, known technically as Auxiliary Proof of Work (AuxPoW), allows miners to use the same computational resources to secure more than one compatible blockchain simultaneously, without splitting their hashpower. Dogecoin and Litecoin adopted this model in August 2014, a decision that strengthened Dogecoin's defences against 51% attacks at a time when fewer miners were securing the network.
Dogecoin and Litecoin remain the largest and most profitable pairing for merge miners. The debate has drawn in developers and community members on both sides, with Dogecoin Foundation developer Paulo Vidal raising questions about whether AuxPoW remains the right long-term arrangement, particularly around Dogecoin's potential dependency on Litecoin's continued operation. The Litecoin Foundation's David Schwartz has sided with Markus in favour of keeping the current setup.
Despite his vocal presence in community discussions, Markus has not been involved in Dogecoin's technical development since 2014. He was clear in framing his comments as a personal view, not a developer directive. No formal governance decision or confirmed network proposal to remove merge mining has been announced.
Dogecoin (DOGE) extends its decline on Thursday, approaching its yearly low at $0.069 as bearish sentiment continues to weigh on the meme coin. Escalating US-Iran conflict and fresh Houthi threats have dampened risk appetite, weighing on speculative assets such as DOGE. Weakening derivatives metrics and a deteriorating technical outlook suggest a deeper correction if DOGE slips below $0.069.
Renewed geopolitical tensions dampen risk appetiteThe US military said it completed the 11th night of strikes on Iran early Wednesday, targeting aircraft hangars and drone storage sites. Iran, on the other hand, continued attacks across the Gulf, targeting US military assets in Bahrain, Kuwait and Jordan.
Adding to this, Iran said that its forces struck two Oil tankers as they attempted to transit through the Strait of Hormuz. Furthermore, Yemen’s Iran-aligned Houthis targeted two Saudi Oil tankers in the Red Sea, opening a new front in the war and adding to fears of further disruption of energy flows.
On Thursday, US President Donald Trump warned the US would target Iranian infrastructure, including bridges and power plants, if attacks on vessels in the Strait of Hormuz continued.
These renewed uncertainty has pushed Oil prices sharply higher this week, weighing on risk sentiment and reigniting inflation concerns. The shift has prompted traders to reassess the Federal Reserve’s (Fed) policy outlook.
The CME FedWatch Tool chart below shows the probability of a July rate hike rising to 33.7% from around 25% a day earlier and the 12% seen a week ago. This change reflects expectations that the Fed could maintain a more hawkish stance, weighing on risk assets such as Bitcoin and exerting even greater pressure on highly speculative assets like meme coins.
Derivatives data shows bearish biasDogecoin’s derivatives metrics show weakening conditions. Coinglass’s Open Interest (OI) across exchanges chart for DOGE has been rising since mid-June, with outstanding contracts reaching 15.44 billion DOGE coins on Thursday. The increase in OI alongside falling prices suggests that new short positions are entering the market, signaling a bearish outlook and raising the risk of further correction in DOGE.
DOGE open interest chart. Source: CoinglassThe bearish thesis strengthened as the long-to-short ratio for the meme coin remained below 1, reading 0.88 on Thursday, nearing the lowest level over a month. A ratio below one, indicates that traders are betting on the asset price to fall.
Dogecoin long-to-short ratio chart. Source: CoinglassDogecoin Price Forecast: Heading towards the yearly lowDogecoin trades at $0.072 on Thursday, maintaining a bearish near-term posture as it remains well below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), clustered between roughly $0.079 and $0.103.
The meme coin continues to trade under the downward resistance trend line, whose break price at $0.085 reinforces the overhead supply, while the Relative Strength Index (RSI) on the daily chart around 38 stays in mildly bearish territory and the Moving Average Convergence Divergence (MACD) indicator hovers just above the zero line with a flat profile, hinting at weak momentum rather than a decisive reversal.
On the topside, initial resistance is seen at the 50-day EMA at $0.079, followed by the downtrend break level at $0.085 and the 100-day EMA at $0.087, with a nearby horizontal cap at $0.088 adding to the barrier zone. Higher up, a prior horizontal ceiling at $0.102 and the 200-day EMA at $0.103 mark a broader structural hurdle for any sustained recovery.
On the downside, the yearly low at $0.069 provides immediate support; a close below it suggests deeper losses toward the key psychological level of $0.065.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
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Dogecoin co-founder Billy Markus, who goes by Shibetoshi Nakamoto on X, commented on the current price action in the crypto market in a post on X.
Most cryptocurrencies are trading sideways after a continued selloff that saw many coins hit multi-year lows. CryptoQuant noted in an analysis earlier in July that 40% of altcoins are trading near all-time lows, indicating that the altcoin market has reached an extreme level of underperformance.
Dogecoin fell to a low of $0.0693 in early July, the lowest since November 2023, before continuing in sideways trading. At the time of writing, Dogecoin was trading at $0.0723, down 29% so far in July.
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this is what the crypto bear market always looks like
it’s not panic inducing
it’s just so boring
— Shibetoshi Nakamoto (@BillyM2k) July 22, 2026 In a standalone post which did not refer specifically to any coin, Billy Markus tweeted, "This is what the crypto bear market always looks like. It's not panic-inducing. It's just so boring."
3-4 years historically but who knows
— Shibetoshi Nakamoto (@BillyM2k) July 22, 2026 This attracted reactions from the crypto community, and an X user further asked how long this "boring" phase typically lasts. Markus replied with "three to four years" but with a degree of uncertainty: "3–4 years historically but who knows."
Crypto's 'boring' phase: what is it?The "boring" phase mentioned by the Dogecoin co-founder may refer to a period of consolidation where prices are flat. This usually follows a major move up or down and sets the stage for the next directional move.
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The market currently appears to be in consolidation, with several coins ranging. Rallies are quickly met with selling; price increases may occur, but these often fail to follow through. Altcoins' performance varies, with most underperforming. The broader market remains without excitement, with volume relatively low and sentiment cautious. Traders appear more defensive and are using less leverage.
This structure looks more like a pause in a larger cycle rather than a full trend reversal. Traders often accumulate during periods of consolidation ahead of the next major move. The duration of the current consolidation phase remains unknown.
Dogecoin is currently retesting a major support zone that previously coincided with significant rallies in 2017 and 2020. The meme coin, which has built a large global following and ranks among the top cryptocurrencies by market value, is once again at a crucial junction in its price history.
Critical support zone draws attentionThe DOGE price has fallen back to a rising trendline, which in the past marked the start of extended bullish runs. Analysts point to the area between $0.07 and $0.075 as a significant inflection point; holding this level could potentially establish a long-term bottom.
Trader Tardigrade noted similarities between the current price action and those earlier cycles, suggesting that sustaining above this support zone could pave the way for another strong rebound.
Analysts see the $0.07–$0.075 region as a pivotal area for DOGE, since maintaining this support could mirror previous price surges and set the stage for a longer-term recovery.
To confirm a broader bullish reversal, Dogecoin must reclaim the $0.10 and $0.13 resistance levels. Breaking above these thresholds would strengthen the case for a sustained recovery and could encourage more buyers to enter the market.
Downtrend resistance and key price targetsDespite the optimism around the historical support, Dogecoin continues to trade below a long-term descending trendline that originated from its previous all-time high. This trendline remains a critical obstacle for the bulls.
MikybullCrypto, an active trader known for charting major altcoin setups, described the current configuration as one of his strongest plays, forecasting the potential for at least a fivefold increase should a confirmed breakout occur.
Based on the technical outlook, a successful breakout above the trendline could propel DOGE towards the $0.36 area, contingent on surmounting interim resistance at $0.10, $0.13, $0.20, and $0.30.
Nonetheless, analysts caution that previous rallies do not ensure repetition. If Dogecoin fails to hold its current support and closes below the trendline on a monthly timeframe, the bullish setup would be invalidated. Such a breakdown could expose the price to further downside, particularly if DOGE slips beneath the $0.06–$0.07 band.
The situation remains speculative as long as Dogecoin trades beneath the descending trendline. Market participants will be watching for a decisive move above resistance levels to validate any larger recovery in the coming weeks.
Key LevelSignificance$0.06–$0.07Major support zone, loss risks further declines$0.07–$0.075Current base for potential reversal$0.10–$0.13Initial resistance, signals start of recovery$0.20, $0.30Next barriers on the path to $0.36$0.36Potential target if bullish structure holdsDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TL;DR DOGE has slipped below $0.0713, but the daily candle remains open. A late recovery could return price inside the descending triangle. A confirmed breakdown would bring $0.069 back into focus. Dogecoin remains below all three major moving averages. Dogecoin is testing whether a month-long support floor has finally given way.
DOGE trades near $0.0711 after slipping beneath $0.0713, the horizontal level that has supported price since early July. The current session reached approximately $0.0705, but the daily candle was still open at the time of writing.
That leaves the breakdown unconfirmed. An intraday move below support can be reversed before the close, while a completed candle beneath the level would carry more technical weight.
The distinction is particularly important here because DOGE remains inside a broader downtrend. Price is below its 50-day, 100-day and 200-day simple moving averages, meaning even a successful recovery above $0.0713 would initially represent stabilization rather than a confirmed reversal.
Daily Dogecoin technical price chart / Source – TradingView The Daily Close Decides the Triangle The current structure has formed through a combination of stable support and progressively lower recovery highs. Buyers repeatedly defended the $0.0713 area, while sellers entered at lower levels along a descending trendline.
Reclaiming $0.0713 before the session ends could place DOGE back inside that structure and reduce the significance of the intraday break.
The first resistance would then sit near $0.0735, where the descending trendline currently passes. The July 21 and July 22 highs around $0.0738 form a second nearby barrier.
A move through that area could weaken the sequence of lower highs, although the falling 50-day simple moving average near $0.07818 would still limit the broader recovery attempt.
The relative strength index provides a mild counterpoint to the bearish structure. RSI is near 36 and has produced a higher low compared with July 13, even as DOGE moved to a slightly lower price low.
That divergence could indicate that selling momentum is easing. It is not enough to confirm a recovery without price first reclaiming the broken floor and then challenging the descending resistance line.
What a Confirmed Breakdown Could Expose A daily close below $0.0713 would provide stronger evidence that the descending triangle has resolved lower.
The next visible support would sit near $0.069, the June 30 low and the lowest price shown on the chart. That area could produce another reaction, but it has not been tested enough to qualify as a broad support base.
If $0.069 also fails, the conventional measured objective of the triangle sits near $0.0634, approximately 11% below the current price.
That figure is a technical projection rather than a price forecast. It is calculated from the height of the pattern and does not account for changes in volume, wider market conditions or buying demand that could appear before the target is reached.
Price Signal Possible Technical Meaning Recovery above $0.0713 The intraday breakdown could be neutralized, returning DOGE inside the triangle. Move above $0.0735–$0.0738 The descending resistance and latest recovery highs could begin to weaken. Reclaim of $0.07818 Price would recover the 50-day average, providing a more meaningful structural improvement. Daily close below $0.0713 The triangle breakdown would gain confirmation, placing $0.069 at risk. Loss of $0.069 The measured objective near $0.0634 could become a relevant downside reference. The Larger Trend Still Favors Sellers DOGE remains beneath the 50-day average at $0.07818, the 100-day average near $0.09072 and the 200-day average around $0.09791.
The averages are arranged in bearish order, with the shorter-term measure below the longer-term ones. Their separation shows that the weakness extends beyond the current triangle.
This means a return above $0.0713 would not automatically reverse the broader trend. It could keep DOGE inside its recent consolidation and create room for a bounce, but stronger evidence would require price to clear the descending trendline and begin reclaiming the moving averages.
Conversely, the bearish alignment does not guarantee that the measured downside objective will be reached. It establishes the prevailing direction, while the daily close determines whether the latest support break adds momentum to it.
Regulated Access Has Expanded, but Demand Looks Limited Dogecoin now has regulated US investment products that allow exposure through conventional brokerage accounts.
The 21Shares Dogecoin ETF reported approximately $2.77 million in assets under management as of July 22. The Grayscale Dogecoin Trust ETF provides another spot-based route to DOGE exposure.
The availability of those products expands access, but it does not by itself demonstrate enough demand to change the current price structure. The TDOG asset figure remains modest, and assets under management can change because of DOGE’s price as well as investor deposits or withdrawals.
Sustained fund creations would provide a clearer demand signal than product availability alone. Until then, the ETFs are better viewed as additional infrastructure around Dogecoin rather than evidence that institutional buying is already driving the market.
Merchant Access Is Growing, but Usage Data Matters More Dogecoin’s payments infrastructure is also expanding.
House of Doge, the corporate arm and innovation partner of the Dogecoin Foundation, says its partnership with MoonPay has added native DOGE payment support across more than 6,000 merchants, including real-time settlement tools.
That could make Dogecoin easier to use in ordinary transactions. However, merchant availability should not be confused with actual adoption. A business being able to accept DOGE does not show how often customers select it or how much payment volume moves through the system.
Future disclosures on transaction value, repeat use and active merchants would offer stronger evidence of whether the expanded infrastructure is producing meaningful demand.
The Pattern Remains Conditional The immediate technical question is narrow: whether DOGE finishes the daily session above or below $0.0713.
A recovery before the close could turn the current move into another test of the triangle floor. A completed candle beneath it would make $0.069 the next visible support and increase the relevance of the lower measured objective if that level also fails.
The RSI divergence suggests that bearish momentum may be losing some strength, but the moving-average structure still favors caution. ETF availability and broader merchant support add context around Dogecoin, yet neither development overrides the price action currently unfolding at support.
Dogecoin co-founder Billy Markus, known as Shibetoshi Nakamoto on X, weighed in on the recent price action across the crypto market, characterizing the current environment as unusually calm and uneventful. His comments come as digital assets struggle to recover from a sharp decline, with most cryptocurrencies moving sideways after a significant selloff that pushed many tokens to multi-year lows.
Market stalls after heavy selloffMajor coins, including Dogecoin, have lost much of their momentum since the start of July. Dogecoin itself dropped to $0.0693 in early July, its lowest level since November 2023. Although the price rebounded slightly to $0.0723 at press time, the meme coin remains 29% lower since the beginning of the month.
Analytics platform CryptoQuant observed that around 40% of altcoins are now trading near all-time lows. This level of underperformance signals a deep slump across the altcoin sector, with investor sentiment described as subdued and cautious. Volume across exchanges has also dropped, reflecting limited interest from both traders and institutions.
Billy Markus: Crypto bear markets are “boring”Given the lack of movement in prices, Billy Markus addressed the broader mood dominating crypto traders on social media. In a post that did not name specific cryptocurrencies, he remarked, “This is what the crypto bear market always looks like. It’s not panic-inducing. It’s just so boring.”
Crypto bear markets often stretch into uneventful phases, marked by low trading volumes, muted sentiment, and sideways price action. In response to a question about how long these periods last, Markus replied, “three to four years historically, but who knows,” reflecting the uncertainty many market participants feel about the timeline for a recovery.
This phase Markus described typically follows a sharp upward or downward move, leading to an extended period of price stability known as consolidation. During such times, both rallies and declines are short lived and quickly counteracted by the opposite forces, resulting in little overall progress for prices.
Consolidation leads to defensive tradingThe current atmosphere suggests that the market is consolidating after its recent descent. Most altcoins remain within tight trading ranges, and attempts to boost prices are met with swift profit-taking. Crypto traders have notably reduced their leverage and adopted a more defensive approach, seeking to protect capital rather than chase risky opportunities.
Some analysts believe that prolonged consolidation can prime the market for the next major trend, as accumulation quietly takes place in low-volatility conditions. However, there are few signs that a new rally is imminent, and market direction remains uncertain for the time being.
For investors and traders navigating this ambiguous phase, solutions like CryptoAppsy offer potential advantages. CryptoAppsy, which requires no account creation hassle, combines your crypto investments with real-time prices, detailed charts, and multi-currency portfolio management on a single screen. With this all-in-one financial assistant, you can instantly seize opportunities by setting up smart price alerts, filter news specific to your coins, discover newly listed altcoins without missing them, and always stay one step ahead of the market with critical macroeconomic data such as Fed interest rates.
While it is difficult to predict how long the current consolidation period will last, many in the industry look to historical cycles for guidance. Until momentum returns to the market, price stability and subdued sentiment are expected to prevail as traders remain cautious and patient.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
A parody memecoin launched on BNB Chain (CRYPTO: BNB) has taken off like a rocket this year, even as the bear market drained the life out of the more popular cryptocurrencies.
No Bear Market HereBinance Life, the English translation of an originally Chinese-named cryptocurrency, has surged 450% year-to-date, making it the third-best performing coin in 2026, according to CoinMarketCap.
The coin, mirroring the broader cryptocurrency market, trailed in the first quarter and collapsed from $0.265 to a low of $0.04.
However, things changed dramatically in the second quarter, with the memecoin exploding to an all-time high of $0.89. Its returns since launch stood at a staggering 604083.05%.
The Humble OriginsIt all started as a casual joke in the Chinese cryptocurrency community in October 2025, when Binance co-founder He Yi replied to an X user’S post with a casual wish to “enjoy Binance Life.”
That proved to be the perfect trigger for the BNB community. As is typical with viral phrases in the industry, it ultimately led to the launch of a dedicated memecoin.
Price Action: At the time of writing, Binance Life was exchanging hands at $0.6310, up 6.40% in the last 24 hours, according to data from Benzinga Pro.
Benzinga Note: Investing in meme coins is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading
Photo courtesy: Shutterstock
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Bitcoin held near the $66,000 mark on Wednesday as crypto market sentiment remained in the neutral zone and spot ETF inflows turned positive.
Senate Republicans unveiled an updated CLARITY Act draft featuring a ban on senior U.S. officials, including President Donald Trump, from sponsoring crypto for compensation until January 2029.
Notable Statistics:
Coinglass data shows 63,900 traders were liquidated in the past 24 hours for $161.26 million. SoSoValue data shows net inflows of $203.1 million from spot Bitcoin ETFs. Spot Ethereum ETFs saw net inflows of $37.5 million. In the past 24 hours, top losers include DeXe, Stable and Midnight. Notable Developments:
Trader Notes:
Crypto chart analyst Ali Martinez highlighted $70,920 as Bitcoin’s key resistance level, based on the MVRV Pricing Bands. He said this level could trigger selling pressure as it aligns with the aggregate investor cost basis.
A sustained close above $70,920 would be needed to absorb overhead supply and confirm the continuation of Bitcoin’s rebound.
Trader KillaXBT believes Bitcoin has already formed its cycle bottom. He expects a liquidity sweep above the current range highs, followed by a false breakout and a drop below $62,000 to establish a higher low.
The anticipated correction is expected to be driven by weakness in traditional financial markets rather than crypto-specific factors.
Grayscale highlighted that, "The CLARITY Act can do for the industry what crypto ETFs did: unlock the next wave of adoption."
Photo: Sebastian Duda on Shutterstock.com
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While Elon Musk’s latest interaction with a Dogecoin-related post drew attention, traders were more focused on a rare series of weekly buy signals that have yet to translate into price strength.
It was the first Dogecoin [DOGE]-related memecoin the billionaire has liked since the biggest memecoin, DOGE itself, Whale Insider reported on X.
Technical analyst Ali Martinez also showed that the memecoin had generated a buy signal on the weekly timeframe. The TD Sequential indicator has flashed consecutive buy signals, “a rare setup that could be warning a major bull rally is approaching”, the analyst wrote on X.
Yet, the price movement of DOGE in recent days has been lacking. In the past 24 hours, its daily trading volume has slid by 20%, and the memecoin was flat for the day and down 0.94% over the past week. Its Open Interest had not budged, either, dropping only 1.1% in a day.
Long-term DOGE bulls’ hopes are draining away Source: DOGE/USDT on TradingView After dropping to the $0.088 support zone in February, the bulls fought valiantly to defend it. In May, a recovery appeared to be underway. At the same time, Bitcoin [BTC] faced rejection from its rally to $82.5k, dragging the rest of the crypto market downward.
Source: CryptoQuant The spot taker CVD of the past three months showed that from December to late March, taker buy volumes dominated spot markets. For a few days in May, taker buy volume spiked, as Dogecoin prices tried to push beyond the $0.12 resistance zone.
The optimism has drained away since then. Taker sell dominance was not yet underway, but DOGE itself was trading 17% below the $0.088 former support level.
What to expect from Dogecoin for now A week ago, AMBCrypto had reported that the liquidation map made a case for a short squeeze toward $0.08. This scenario has not yet played out.
Source: DOGE/USDT on TradingView The swing structure was firmly bearish. Technically, a bounce toward $0.083-$0.087, the Fibonacci golden pocket, remains possible. In the lower timeframes, the $0.075 area was a key resistance zone too.
Traders can wait for a move toward the local highs at $0.078 to begin to sell, or for a test of the golden pocket, too. Bitcoin needs to clear the $67.2k area to signal that it is ready to rally as high as $77k.
If BTC clears this resistance, a short-term market-wide bullish sentiment shift could see a Dogecoin bounce. If BTC faces a drop below $62.5k, the leading memecoin would be much more likely to fall to new swing lows without a meaningful bounce.
Final Summary Dogecoin’s lack of volatility in recent days meant that the short squeeze idea was not yet invalidated. Traders will need to keep an eye on Bitcoin trends to gauge if the memecoin would have the potential to rally or would head toward new swing lows next.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Following one of the biggest market rallies of the year, Hyperliquid is currently experiencing its first significant correction. Before sellers intervened forcefully and drove HYPE back towards the crucial $58 support zone, the asset briefly traded close to the $75–76 range. The fact that HYPE is still above its 100-day EMA at $57 is the strongest directional signal right now.
This moving average, which served as dynamic support during the advance, is currently being tested for the first time since the breakout. The larger uptrend would continue if this level were maintained. But momentum is obviously losing ground.
HYPE/USDT Chart by TradingViewDaily candles continue to display lower highs since the June peak, the RSI has dropped toward 40, and the 20-day EMA has rolled over. Compared to the buying frenzy that accompanied the move from $40 to above $70, volume has also significantly decreased. Bulls have good news: the long-term structure is still positive.
HOT Stories
While the 50-day EMA is currently at $64.7, the 200-day EMA is still rising toward $50. Buyers might attempt another move toward $65 and ultimately $70 if HYPE can hold above $57-$58.
A deeper retracement toward the 200-day EMA around $50 would probably result from a clear breakdown below the 100-day EMA. HYPE is no longer in breakout mode at this time. The market is evaluating whether the prior rally was sustainable or overly speculative during this validation phase.
Near Protocol's ResistanceDespite being stuck within a wide consolidation range, NEAR is exhibiting much greater resilience than many other altcoins. NEAR has been building a base above its long-term trend indicators for several weeks, in contrast to HYPE, which is correcting following a significant rally. While the 200-day EMA near $1.82 still offers structural support, NEAR is trading directly above the 100-day EMA around $1.87.
NEAR/USDT Chart by TradingViewAs a result, the support cluster between $1.82 and $1.87 is rather strong. Bulls have also failed to recover the 50-day EMA at $2.02. Over the past month, every attempt at a recovery has stalled in the $2.00–$2.10 range, creating a clear resistance area that needs to be broken before a long-term uptrend can begin. The current equilibrium is reflected by an RSI of about 45.
The sideways price movement observed throughout July is consistent with neither buyers nor sellers having established dominance. The overall outlook is still fairly optimistic. NEAR continues to print higher lows on the longer timeframe and has effectively recovered from sub-$1 levels earlier this year.
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The predominant interpretation is accumulation as long as the asset stays above the 200-day EMA. $2.00 is the key level to watch. A clear breakout above it could put NEAR back above all significant short-term moving averages and pave the way for a move to $2.30–$2.50. On the other hand, much of the recovery structure developed over the previous few months would be rendered invalid if the $1.82 support zone were lost.
Shiba Inu Looks WeakerFrom a technical standpoint, Shiba Inu is still among the weakest large-cap cryptocurrencies available. Every significant attempt at a recovery has been rejected at important moving averages, and the daily chart displays a consistent pattern of lower highs and lower lows that has persisted for nearly a year.
SHIB/USDT Chart by TradingViewThe failed ascending channel that formed between March and May is the chart's most noticeable feature. Sellers intervened close to the 100-day EMA and forced a breakdown below support, but SHIB momentarily appeared poised to establish a medium-term reversal. The asset has not been able to pick up steam since. At the moment, SHIB is trading below the 20-, 50-, 100-, and 200-day moving averages.
This alignment indicates weakness across all significant timeframes, making it one of the most obvious bearish structures. The first significant resistance level is still the 100-day EMA around $0.0000051, but the 200-day EMA around $0.0000061 is a much bigger barrier. On the other hand, there is a slight improvement. As the price stabilizes at $0.0000042, the RSI has recovered from oversold conditions and is progressively rising.
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Additionally, volume has drastically decreased, indicating that aggressive selling pressure is starting to lessen. The issue for bulls is that renewed demand is not the same as waning selling pressure. A sustainable recovery narrative cannot emerge until SHIB breaks out above the declining moving-average cluster.
Until then, the current structure appears to be more of a consolidation following a decline than the start of a new uptrend. The first indication that buyers are regaining control would be a move above $0.0000045. SHIB would be vulnerable to another leg lower and its long-term bearish trend would be reinforced if current support levels were not maintained.
Dogecoin Does It BetterDogecoin's chart is strikingly similar to SHIB's, but DOGE is marginally more resilient due to a few minor differences. The meme coin has also been in a downward trend for several months, but this decline has been less severe and more orderly than SHIB's. At $0.072, DOGE is currently trading below all major moving averages.
DOGE/USDT Chart by TradingViewA stacked resistance zone is created directly overhead by the 20-day EMA at $0.075, the 50-day EMA at $0.078, and the 100-day EMA at $0.087. This implies that traders who made purchases at higher prices immediately put pressure on the market to sell during every upward move. The RSI shows weak momentum as it remains below the neutral 50 level.
However, DOGE is no longer generating significant downside extensions, in contrast to previous stages of the decline. Throughout July, the price has moved into a comparatively narrow trading range, indicating that volatility is decreasing. From a structural perspective, the recent lows around $0.07 remain the critical support.
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A recovery toward $0.09 is conceivable if DOGE can maintain this zone and reclaim the 20-day and 50-day moving averages. That would be the first significant shift in the trend since May.
Although DOGE is currently more stable than SHIB, it is still technically bearish. The next few weeks are crucial for determining whether accumulation is occurring below the surface, as the market appears to be looking for a bottom rather than accelerating into a new wave of selling.
Following a strong market rally earlier this year, Hyperliquid (HYPE) is undergoing its first substantial correction. The asset briefly approached the $75–$76 range before sellers pushed it back toward a crucial support level at $58. HYPE currently sits just above its 100-day exponential moving average (EMA) at $57, a level that has served as dynamic support during previous advances.
Hyperliquid faces pivotal supportThis marks the first time HYPE has tested its 100-day EMA since breaking out, posing a key question for its short-term trend. If buyers defend this area, the larger uptrend could continue. However, technical momentum appears to be weakening. Daily candle patterns show lower highs since the June peak, the relative strength index (RSI) has dropped near 40, and the 20-day EMA is now sloping downward.
Trading activity has also slowed. Volume has diminished significantly when compared to the high levels seen on HYPE’s run from $40 to above $70, reflecting reduced enthusiasm among buyers. Still, the overall long-term structure remains constructive for bulls.
The 50-day EMA sits at $64.7, with the 200-day EMA trending higher near $50. HYPE could see renewed attempts toward $65 and possibly $70 if it stabilizes above $57–$58. If the 100-day EMA breaks down, a deeper retracement toward the 200-day EMA is likely. The market remains in a validation phase, assessing whether the previous rally can be sustained.
AssetCurrent PriceKey SupportKey ResistanceTrendHYPE$58$57 (100-day EMA)$65, $70CorrectiveNEAR$1.87$1.82–$1.87$2.00–$2.10ConsolidatingSHIB$0.0000042$0.0000042$0.0000051, $0.0000061BearishDOGE$0.072$0.07$0.075, $0.078, $0.087BearishNEAR shows greater stabilityWhile HYPE struggles with volatility, NEAR Protocol is displaying relative resilience compared to many altcoins. NEAR has held above its key long-term indicators for several weeks. The asset is trading just above the 100-day EMA around $1.87, with further support at the 200-day EMA near $1.82.
This confluence around $1.82–$1.87 acts as a strong support cluster. Despite this, bulls have not managed to reclaim the 50-day EMA at $2.02. Each recovery attempt in the past month has failed within the $2.00–$2.10 range, establishing a clear band of resistance.
NEAR’s relative strength index is about 45, pointing to a balanced market. July’s sideways movement suggests neither side has established clear control. On longer timeframes, NEAR’s trend remains constructive, with the asset recovering from sub-$1 prices earlier this year and printing higher lows.
As long as NEAR holds above its 200-day EMA, accumulation appears to dominate. A decisive move above $2.00 could set the stage for attempts toward $2.30–$2.50. However, a loss of the $1.82 support would undermine the progress made in recent months.
Mini dictionary: NEAR Protocol is a layer-1 blockchain designed to provide fast, scalable decentralized applications. Its consensus mechanism, known as Nightshade, divides processing between shards for efficiency.
Recent performance puts $2.00 as the key level to watch for NEAR. A clear breakout above it could return the asset above all important short-term moving averages, while loss of the $1.82 support zone would risk invalidating months of recovery structure.
SHIB and DOGE remain technically weakShiba Inu continues to rank among the weakest large-cap cryptocurrencies in terms of technicals. Each significant rebound has been rejected at major moving averages, coupled with a protracted pattern of lower highs and lower lows on daily timeframes.
SHIB attempted a medium-term reversal between March and May with an ascending channel, but sellers cut short this effort near the 100-day EMA. The asset now trades below its 20-, 50-, 100-, and 200-day moving averages, underlining widespread weakness. Resistance stands at the 100-day EMA around $0.0000051, with the 200-day EMA at $0.0000061 forming a more formidable ceiling.
On the positive side, the RSI has rebounded from oversold territory as SHIB stabilizes around $0.0000042. Volume has dropped, hinting that heavy selling is fading. Buyers, however, need to push the price above declining moving averages to shift the narrative to recovery. Without this, the market remains in a post-downtrend consolidation phase.
SHIB’s first sign of buyer strength would be movement above $0.0000045. Failure to maintain current support may open the door to new lows and reinforce its long-term bearish trend.
Dogecoin displays a similar chart pattern but has shown slightly more stability than SHIB. DOGE has been trending downward in recent months but with a more gradual decline. At $0.072, the asset sits below all major moving averages. Overhead resistance is tightly stacked, with the 20-day EMA at $0.075, 50-day EMA at $0.078, and 100-day EMA at $0.087 constraining upward moves.
The RSI suggests modest momentum, remaining below the neutral 50 mark. While DOGE no longer sees significant downside extensions, July has brought a narrow trading range and diminished volatility. Key support for DOGE remains at $0.07.
If DOGE can defend this level and surpass the 20- and 50-day moving averages, a potential recovery to $0.09 could materialize. Until then, technical outlook remains bearish despite recent stability. The coming weeks may determine whether buying interest accumulates or another round of selling emerges.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Leading cryptocurrencies flatlined on Wednesday as investors weighed the implications of the Clarity Act and rising geopolitical tensions in the Middle East.
Crypto Rally CoolsBitcoin failed to break through $67,000 and slipped back to $65,000 after encountering strong selling pressure. Ethereum wobbled in the narrow range between $1,900 and $1,950, while XRP and Dogecoin also moved sideways.
Earlier, Senate Republicans released an updated draft of the Clarity Act that introduced new ethics provisions to limit cryptocurrency investments by the president and other federal officials.
Over $180 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in long positions, according to Coinglass data
Bitcoin’s open interest slid 2.18% over the last 24 hours. Binance derivatives traders bought the dip, with both retail and whale players increasing their long exposure to the leading cryptocurrency.
"Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.26 trillion, following an increase of 0.82% over the last 24 hours.
Stocks Close in the RedStocks ticked lower on Wednesday. The Dow Jones Industrial Average fell 6.06 points, or 0.01%, to close at 52,218.58. The S&P 500 slid 0.14% to close at 7,498.96, while the tech-heavy Nasdaq Composite lost 0.57% to settle at 25,690.90.
Geopolitical tensions remained elevated as Secretary of State Marco Rubio accused Iran of not being “serious” about negotiations. He added that Iran’s demands to control transit through the Strait of Hormuz could “never be allowed to happen.”
Will Bitcoin’s Rebound Lose Steam?Ali Martinez, a widely followed cryptocurrency analyst and trader, identified $70,920 as the next major resistance to watch for Bitcoin.
“Securing a close above $70,920 is required to clear this overhead supply and confirm the continuation of the BTC rebound,” the analyst added.
On-chain analytics firm CryptoQuant noted that despite Bitcoin’s recent uptick, spot buying has remained “thin,” with leverage doing the heavy lifting.
“No overheating yet, but not a rally on solid footing either. Watch for spot volume to actually warm up before chasing price,” the firm added.
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Dogecoin price trades near $0.073, its lowest area since November 2023, days after a whale bought 200 million DOGE worth $14 million. Elon Musk added fuel by liking a Doge meme for the first time in months.
The Dogecoin price has fallen about 90% from its 2021 record and has spent 19 months in a downtrend. Derivatives traders now position for a reversal, while ETF investors stay on the sidelines.
Dogecoin 1-Year Price Chart. Source: BeInCryptoWhales Accumulate as Musk Breaks His SilenceOn July 19, an unidentified whale purchased 200 million DOGE, worth roughly $14 million, through Robinhood. Futures volume jumped 114% to about $740 million, and open interest climbed above $1.1 billion.
Moreover, the weekly TD Sequential indicator has flashed consecutive buy signals. Historically, this setup has appeared near major bottoms across crypto assets, though it does not guarantee a reversal.
Speculation about the buyer intensified after Elon Musk liked a reply featuring the Swole Doge meme. According to Whale Insider, it was his first Doge-related like in months.
However, no wallet data links Musk to the purchase, and the claim remains unverified.
The accumulation stands out because meme coin dominance recently fell to a two-year low, with capital rotating into utility tokens.
Dogecoin Price: Sport ETF Flows Have FlatlinedThe institutional side tells a different story. Glassnode data shows US spot Dogecoin ETF inflows peaked near $2.5 million per day in early January, when DOGE traded around $0.15.
Since then, inflows have shrunk and become sporadic. Early July brought an outflow of roughly $871,000, the second largest in the products’ history. In contrast to the whale activity, net flows have sat at zero for about two weeks.
DOGE US spot ETF net flows. Source: GlassnodeThe two funds hold a combined $20 million in assets, barely above their launch levels. Therefore, the current bid comes from whales and leveraged traders rather than regulated funds. Meme coins have also absorbed heavy selling on Binance since Bitcoin’s October peak.
A Full Retrace to November 2023 LevelsThe weekly chart shows how deep the reset runs. DOGE has retraced the entire rally from its December 2024 cycle top at $0.485, returning to its November 2023 base.
Price is now testing the $0.056 to $0.07 support zone that launched the previous bull run. Meanwhile, DOGE presses against the descending trendline drawn from the cycle high. A weekly close above it would mark the first trendline break in 19 months.
DOGE weekly chart. Source: TradingviewIf buyers reclaim momentum, the 0.786 Fibonacci retracement at $0.1476 becomes the first major target. The golden pocket near $0.2197 follows. Weekly volume keeps contracting, a pattern also visible in SHIB and other meme coins at multi-year lows.
Dogecoin Price Prediction and the $0.07 Line in the SandThe daily chart confirms stabilization rather than reversal. DOGE has traded between $0.070 and $0.075 since late June, sitting on the top of the weekly support band.
The Relative Strength Index (RSI) has recovered to the neutral zone after deeply oversold readings in June. However, declining volume shows low participation, so any breakout attempt needs a clear volume expansion to be credible.
DOGE daily chart. Source: TradingviewThe resistance ladder starts at $0.082, about 12% above the current price. The $0.089 to $0.09 zone follows, then the psychological $0.10 level, roughly 37% higher.
Reclaiming the $0.1154 swing high, a 58% move, would signal a genuine trend reversal, as noted in a previous DOGE analysis.
On the downside, losing $0.07 could open a slide toward the 1.0 Fibonacci level at $0.0556, about 24% below. Whale accumulation and rising open interest could accelerate either move. Either the trendline finally breaks, or DOGE revisits prices last seen in 2023.
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Market analyst Jordi Visser believes the next major cryptocurrency rally may depend on the return of a familiar force: retail investor enthusiasm.
Visser argues that the market is still missing the speculative energy that typically drives the final stages of major bull cycles.
In his view, Dogecoin (DOGE) is one of the clearest indicators of whether retail investors are returning.
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“The crypto advance continues with my 40 name ecosystem index closing above the mid-June highs and BTC just below,” Visser wrote.
“I am still looking for a true ecosystem breakout to need the energy from retail best seen from DOGE which had a record 65th close below the 20 day moving average.”
Visser’s thesis is not that Dogecoin directly controls the direction of Bitcoin or the entire crypto market.
Beyond Bitcoin Visser’s argument centers around his Crypto Financial Rails 40 Equal Weight Index, which is a basket that tracks the performance of the crypto ecosystem.
The index includes 40 crypto-related companies, protocols, and assets.
According to the performance chart shared by Visser, the Crypto Financial Rails 40 has outperformed both Bitcoin and Dogecoin in 2026.
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The index started the year at a level of 100 and fell sharply during the January and February market downturn, However, it recovered through the spring.
DOGE remained significantly weaker at approximately 57–58 than BTC and the broader index.
This clearly shows that retail-driven speculation has not yet returned.
Dogecoin’s longest streak below the 20-day moving average DOGE’s prolonged weakness relative to its short-term trend is truly staggering.
A 20-day moving average tracks the average closing price of an asset over the previous 20 trading days and is commonly used by traders to measure momentum.
When an asset consistently trades above the 20-day moving average, it usually indicates stronger buying pressure.
DOGE has now recorded its longest continuous streak of daily closes below its 20-day moving average.
On July 21, DOGE closed at approximately $0.0735, around 0.8% below its 20-day moving average.
The token had remained below that level for 65 consecutive days.
During this period, DOGE declined approximately 29.4%.
However, the current streak is not the most severe downturn historically. A previous 57-day period between January and March 2025 resulted in a much larger decline of about 50.7%.
The difference is that the current weakness is notable because of its duration.
At first glance, DOGE’s poor performance appears negative.
Despite its prolonged weakness, Dogecoin has recently shown signs of stabilization.
The token is trading near $0.072. However, the asset has yet to produce the type of explosive breakout associated with previous meme coin cycles.
Dogecoin is currently defending a significant support level near $0.0711 as technical signals point to a potential shift in market momentum. The memecoin is navigating a multiyear bullish divergence while trading at a zone that has historically marked important turning points, according to market analysts.
Technical patterns shape outlookAnalyst Surf identified a hidden bullish divergence on the Dogecoin chart, noting that the coin has created a higher low in price between June 2022 and June 2026, while its monthly relative strength index (RSI) has moved to a lower low during the same period. This divergence indicates that the downward momentum may have compressed more rapidly than price itself, often seen as a precursor to a resumption of an uptrend within technical analysis.
Momentum has faded more than price in recent years, which can sometimes lead to the continuation of a broader upward trend. The current setup suggests a long-term structural opportunity, though it does not guarantee that a reversal has already begun.
Still, technical confirmation will require DOGE to maintain its rising support over multiple years and break above resistance levels nearby. Should the support fail, the underlying bullish divergence would be invalidated, increasing the risk of further losses and weakness in the price.
Key Gann level in focusDogecoin is also encountering the $0.0711 threshold on the Gann Square of 9, a technical indicator often used by traders to forecast market turning points and support/resistance levels. Analyst Cantonese Cat pointed out that DOGE has repeatedly responded to various Gann-derived levels throughout its 2021 to 2026 bear market.
Mini dictionary: Gann Square of 9, a technical analysis tool created by W.D. Gann, is used to identify likely support and resistance levels by plotting prices on a spiral grid based on square root calculations.
If Dogecoin successfully holds the $0.0711 support level, analysts believe it could stage a rebound targeting the next resistance levels at $0.0865 and $0.1051. However, chart observers caution that these Gann-based signals do not confirm market direction by themselves; DOGE would still need to regain both resistance levels before a broader trend reversal is evident.
LevelTypeImplication if held$0.0711Gann Key SupportRebound target at $0.0865, potential shift in momentum$0.0865Gann ResistanceConfirms partial reversal if broken$0.1051Gann ResistanceConfirms broader downtrend weakening if reclaimed$0.0585Next SupportRisk of further decline if $0.0711 breaks$0.0482Lower SupportAdditional downside if trendline failsConversely, if DOGE breaks down below $0.0711 in a sustained manner, the focus would shift to additional support levels near $0.0585 and $0.0482, which have been calculated based on similar Gann methodology.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Dogecoin (CRYPTO: DOGE) has closed below its 20-day moving average for a record 65 straight sessions, prompting veteran Wall Street investor Jordi Visser to argue that retail investors have yet to return to the crypto market.
What The 65-Day Record Actually MeansDOGE closed July 21 at $0.0735, sitting 0.8% below its 20-day moving average and marking its 65th straight session below that level, according to Visser’s data.
The previous record was 57 days between January and March 2025, a stretch that saw DOGE fall more than 50%.
The current streak started May 18 and has pushed DOGE down approximately 29.4%, with the deepest pullback reaching 18% below the moving average.
Visser said the weakness points to one thing: retail has not come back, and without that energy, the broader ecosystem rally stays incomplete.
Is A Monthly Signal Flashing A Reversal?Trader Tardigrade flagged the monthly Stochastic RSI hitting oversold on DOGE and pointed out the setup is identical to 2022, when the same signal bottomed and preceded a significant rally.
He argued the indicator has never failed to produce a major move from this level and suggested a new high is loading.
Where Does DOGE Stand Technically?DOGE slips to $0.07257, grinding along the $0.07 demand zone that has been tested repeatedly through July.
The Supertrend indicator remains firmly bearish at $0.07977, a level price has not challenged since June, with every major EMA stacked overhead as resistance.
However, derivatives volume fell 32% to $703 million and open interest sits near multi-year lows at $1.11 billion according to Coinglass, meaning traders are quietly stepping away right as price tests its most critical support.
What makes it worse is the positioning. Long/short ratios on OKX sit at 4.88 and Binance at 2.56, so the crowd is heavily betting on a bounce that has not arrived.
Long liquidations hit $847,000 in 24 hours against just $129,000 in short liquidations, with shorts barely touched, confirming sellers are comfortable and in control at current levels.
Key levels for DOGE: $0.07394 — 20-day EMA, first resistance above $0.07977 — Supertrend, the level that needs to flip for any structural change $0.0700 — demand zone floor being tested repeatedly $0.0600 to $0.0580 — next support zone if $0.0700 breaks Photo: alfernec on Shutterstock.com
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Dogecoin approached a decade-long ascending support trendline in July 2026, drawing renewed attention to its historical price patterns. The popular meme coin traded near $0.073 as traders closely watched whether this key technical zone would once again serve as a foundation for a potential recovery.
Key support from previous Dogecoin market cyclesTechnical analyst Trader Tardigrade identified the monthly chart’s ascending trendline as a significant marker, noting that Dogecoin tested this same support during 2017 and again in 2020. On both occasions, the token posted notable rallies after bouncing from this long-term floor.
Dogecoin’s latest return to this area in 2026 comes nearly ten years after its initial trendline interaction. Historical chart analysis marked each contact with upward arrows and increasingly prominent yellow bars, suggesting that previous touchpoints preceded major advances.
“The pattern repeats. The next pump is loading,” the analyst posted, highlighting the trendline’s influence on past cycles.
The token traded in a narrow band between approximately $0.070 and $0.076 while the monthly support trendline was tested. Market data placed Dogecoin near $0.073, with multiple long-term support indicators aligning in this region. Maintaining this range could help preserve the broader upward structure seen on multi-year charts.
Mini dictionary: Trader Tardigrade, an independent technical analyst active on social media, is known for tracking long-term support and resistance structures on cryptocurrency price charts. His analyses often reference historical patterns and trendlines in digital asset markets.
Technical indicators signal cautious optimismOn the daily timeframe, Dogecoin traded at $0.0731, reflecting a small sessional decline of 0.4%. The price remained below the midpoint of the Bollinger Bands at $0.0739, pointing to subdued buying momentum. Despite this, the lower Bollinger Band, positioned at $0.0701, continued to cushion recent price dips.
The token recorded a modest bounce after revisiting the $0.070 level earlier in July. Market observers noted that a move above $0.0777 would not only place Dogecoin above the upper Bollinger Band but could also pave the way for a push toward $0.08—a threshold not yet reclaimed.
IndicatorValue / StatusKey LevelCurrent price$0.0731–Bollinger Band (mid)$0.0739ResistanceBollinger Band (lower)$0.0701SupportDaily resistance$0.0777Breakout neededRecovery target$0.08Potential upsideTraders cautioned that a close below $0.070 could increase downside risk by opening the path to lower price supports. As such, price action within the current channel is seen as crucial for both short-term direction and the preservation of the long-term uptrend.
Momentum indicators reflected tentative signs of recovery. The MACD line remained above its signal line, and the histogram stayed in positive territory, suggesting growing bullish momentum following the earlier July slide. However, both MACD lines remained beneath the zero threshold, tempering optimism regarding a sustained upward move.
A confirmed breakout above $0.0777 is viewed as a critical development that could signal a stronger rebound and help reestablish momentum for the price toward the $0.08 level.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TLDR Dogecoin retested a decade-long ascending support trendline near the $0.07 level. The same trendline supported major price recoveries after tests in 2017 and 2020. DOGE traded near $0.0731 and remained above Bollinger Band support at $0.0701. The MACD showed improving bullish momentum, although both lines stayed below zero. A breakout above $0.0777 could strengthen the rebound and open a move toward $0.08. Dogecoin (DOGE) returned to a decade-long ascending support trendline in July 2026, renewing interest in its historical price structure. The meme coin traded near $0.073 as buyers defended a zone that supported earlier market recoveries. Technical indicators showed improving momentum, but the price remained below levels needed to confirm a stronger rebound.
Dogecoin Approaches Critical Floor From Past Cycles Technical analyst Trader Tardigrade highlighted the monthly chart after the price reached the long-running ascending trendline. Dogecoin previously touched this support during 2017 and 2020 before recording substantial rallies. The latest contact places the asset near the same structural floor almost ten years after its first test.
$Doge/monthly#Dogecoin bounces every single time it touches this support trendline — and the pump after each touch is accelerating.
This is a long-term support that has held for nearly a decade. Every bounce gets… pic.twitter.com/4paJozoI6j
— Trader Tardigrade 🧬 (@TATrader_Alan) July 22, 2026
The shared chart marked each trendline contact with upward arrows and increasingly taller yellow bars. These markers represented stronger advances following earlier touches, although past performance does not establish future outcomes.
“The pattern repeats. The next pump is loading,” the analyst wrote on X.
Dogecoin traded between roughly $0.070 and $0.076 as the monthly support faced another test. Market data placed the token near $0.073, while several long-term support measures converged around the same area. Holding that range would preserve the broader rising structure shown on the monthly chart.
Daily Indicators Show Limited Recovery Dogecoin changed hands near $0.0731 on the daily chart and declined about 0.4% during the session. The price remained below the Bollinger Band midpoint at $0.0739, showing limited buying control. However, the lower band near $0.0701 continued to support the market during recent weakness.
DOGE price recovered modestly after approaching $0.070 earlier in July. A daily move above $0.0777 would clear the upper Bollinger Band and strengthen the current recovery. That breakout could place $0.080 within reach, but the chart has not confirmed that move.
Source: TradingView
Dogecoin must also retain the $0.070 area to prevent further technical weakness. A daily close below that level could expose lower support zones and weaken the long-term setup. Therefore, the current range remains important for short-term direction and broader trend stability.
The MACD line stayed above its signal line, while the histogram remained positive. That configuration showed improving bullish momentum after the early-July decline. Still, both MACD lines remained below zero, which limited the strength of the signal.
A break above $0.0777 would confirm stronger price momentum on the daily chart. Such a move would also place the price above the upper Bollinger Band.
Key Takeaways DOGE currently hovering at $0.0734, positioned beneath all significant exponential moving averages, maintaining short-term bearish momentum Open Interest in futures markets increased to 15.45 billion DOGE from the previous day’s 14.64 billion Daily trading volume exceeded $1 billion, representing more than a 100% jump from the prior session’s $438 million Market analyst Ali Charts identifies consecutive weekly TD Sequential buy signals on DOGE’s chart Crypto trader Tardigrade highlights that DOGE’s monthly Stochastic RSI has reached oversold conditions similar to those observed in 2022 Dogecoin is currently positioned around the $0.0734 price level on Tuesday as digital asset markets experience a modest rebound. The popular meme cryptocurrency appears to be finding some stability, despite continuing to trade within technically bearish parameters.
Dogecoin (DOGE) Price The digital asset remains positioned underneath its 50-day, 100-day, and 200-day exponential moving averages, which are currently stationed at $0.0798, $0.0877, and $0.1047 respectively. A decisive move above the $0.075 threshold would be necessary to indicate genuine bullish momentum.
Market sentiment indicators show the Fear & Greed Index declining to 25 on Tuesday, solidly within the Extreme Fear zone. This represents a decrease from Monday’s reading of 29, suggesting continued hesitation among cryptocurrency investors.
However, derivatives markets are displaying increased engagement. Open Interest in Dogecoin futures expanded to 15.45 billion DOGE compared to 14.64 billion one day earlier, and significantly higher than the 12.01 billion recorded on June 11.
Daily trading volume surged beyond $1.02 billion on Tuesday. This marks a substantial increase from Monday’s $438 million and represents a dramatic rise from Sunday’s $336 million, indicating heightened market participation.
Technical indicators present a mixed picture, with the Relative Strength Index positioned around 43 and the MACD showing marginally positive readings. These metrics suggest potential stabilization rather than an outright bullish trend reversal.
Consecutive Buy Signals Emerge Cryptocurrency analyst Ali Charts shared observations on X, noting that Dogecoin continues to generate buy signals. The analyst highlights that DOGE’s weekly TD Sequential indicator has produced several back-to-back buy signals, characterizing this formation as an uncommon technical setup that historically precedes significant upward price movements.
Dogecoin $DOGE just keeps printing buy signals.
The weekly TD Sequential has now flashed multiple consecutive buy signals—a rare setup that could be warning a major bull rally is approaching. pic.twitter.com/DrOI9nqJ2I
— Ali Charts (@alicharts) July 21, 2026
Key support remains established at the previous trendline breach zone near $0.0709. A sustained daily close beneath this threshold could potentially trigger further downside price action.
Monthly Stochastic RSI Echoes 2022 Dynamics Trader Tardigrade, a prominent crypto market analyst, has identified another notable technical development. According to Tardigrade’s analysis, the monthly Stochastic RSI has entered oversold conditions for the first time since the 2022 bear market cycle.
$Doge/monthly#Dogecoin Stoch RSI is flashing the same signal that triggered every major rally.
The monthly Stoch RSI has hit oversold and will turn up, $DOGE explodes to a new high soon.
The indicator… pic.twitter.com/h9RQ7ShZaa
— Trader Tardigrade 🧬 (@TATrader_Alan) July 21, 2026
In Tardigrade’s assessment: “The monthly Stoch RSI has hit oversold and will turn up.” The analyst emphasizes the parallel to 2022, when comparable oversold conditions on this indicator preceded a substantial price rally in Dogecoin.
The Stochastic RSI serves as a momentum oscillator designed to identify potential trend shifts. Market participants generally combine this indicator with price movement patterns and volume analysis for validation.
DOGE’s price trajectory has consistently correlated with Bitcoin’s movements and overall cryptocurrency market dynamics. Active community engagement, available exchange liquidity, and retail investor interest continue to serve as fundamental drivers for the token beyond purely technical chart patterns.
According to Ali Charts’ analysis, DOGE’s weekly chart now displays multiple successive TD Sequential buy signals, representing a potentially significant technical development.
Dogecoin, widely recognized as a leading meme cryptocurrency, hovered near $0.0734 on Tuesday as digital asset markets showed signs of a modest rebound. Despite the uptick in volume, Dogecoin remained below several key technical thresholds and sustained a short-term bearish outlook.
Key technical levels and sentimentDogecoin is currently trading beneath its 50-day, 100-day, and 200-day exponential moving averages (EMAs), positioned at $0.0798, $0.0877, and $0.1047 respectively. These technical barriers continue to exert downward pressure, and market analysts indicate that a firm move above $0.075 is necessary for a bullish reversal to materialize.
Market sentiment remains fragile. The Fear & Greed Index, which gauges overall mood among cryptocurrency investors, dropped to 25 on Tuesday, marking a decline from Monday’s reading of 29. This fall points to increasing risk aversion and persistent caution in the broader crypto landscape.
Despite the prevailing caution, derivatives activity has intensified. Open Interest in Dogecoin futures contracts climbed to 15.45 billion DOGE from 14.64 billion the previous day, and has risen sharply compared to the 12.01 billion recorded one week earlier.
DateOpen Interest (DOGE)Daily Trading VolumeTuesday15.45 billion$1.02 billionMonday14.64 billion$438 millionPrevious week12.01 billion$336 millionDaily spot trading volume surged above $1 billion, more than doubling from Monday’s $438 million and far outpacing Sunday, which saw $336 million in trades. This trend suggests growing market participation, even while technical indicators point to uncertain momentum.
Indicators such as the Relative Strength Index (RSI), currently near 43, and the Moving Average Convergence Divergence (MACD), which shows minor positive divergence, reflect stabilization but stop short of confirming a clear trend reversal.
Technical analysis highlights potential for reversalProminent market analyst Ali Charts identified consecutive buy signals on Dogecoin’s weekly TD Sequential indicator. Such sequences have rarely appeared and, according to the analyst, frequently precede substantial rallies in the asset’s price. Highlighting the technical setup, Ali Charts stated that Dogecoin “just keeps printing buy signals,” suggesting a rare technical formation that often leads to bullish movements.
Ali Charts drew attention to the rare sequence of consecutive weekly TD Sequential buy signals visible on Dogecoin’s chart, calling it a technical development that may be “warning a major bull rally is approaching.”
Currently, Dogecoin’s critical support level stands at $0.0709, the site of a previous trendline breach. A daily close below this point could invite steeper declines.
Stochastic RSI hits oversold, recalls 2022Crypto market analyst Trader Tardigrade has also noted fresh technical signals. According to Tardigrade, the monthly Stochastic Relative Strength Index (RSI) for Dogecoin entered oversold territory, mirroring conditions last seen during the 2022 bear market. The analyst highlighted that in 2022, this indicator’s oversold status preceded a major rally in Dogecoin’s price.
Trader Tardigrade underscored that the monthly Stochastic RSI’s recent move into oversold territory “has hit oversold and will turn up,” referencing similar momentum signals that historically triggered price surges in Dogecoin.
The Stochastic RSI is both a volatility and momentum oscillator, identifying potential reversal points in a given asset. When this indicator moves into oversold conditions on longer-term charts, it can suggest the possibility of an impending trend shift.
Mini dictionary: Stochastic RSI, a technical momentum indicator that combines the Stochastic oscillator and the Relative Strength Index (RSI), helps identify overbought or oversold conditions, potentially signaling trend reversals.
Dogecoin’s trajectory is also closely linked to movements in Bitcoin and overall shifts in broader cryptocurrency markets. Analyst assessments suggest that, in addition to technical signals, factors such as community activism, exchange liquidity, and ongoing interest from retail traders continue to influence the token’s direction.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
DOGE witnessed a rare setup that could be a precursor of a major rally, one analyst said.
The biggest meme coin, like many other leading cryptocurrencies, has been underperforming over the past several months, with its price down 73% on a yearly scale.
And while the bear market remains persistent and could linger a bit longer, some analysts have highlighted key reasons why DOGE could be gearing up for a rebound.
‘Invest When No One Else Cares’ Dogecoin has dropped to its current $0.07 (per CoinGecko), but the renowned analyst Ali Martinez outlined that the weekly TD Sequential indicator has flashed multiple consecutive buy signals. He described the trend as “a rare setup that could be warning a major bull rally is approaching.”
X user Cryptollica also chipped in. They pointed to the “dead attention” surrounding the meme coin lately, claiming that investors looking to make money should hop on the bandwagon when interest is at its weakest.
The analyst also touched on the Market Value to Realized Value (MVRV) ratio, which tumbled below 1. This development indicates that most holders are sitting at a paper loss and the asset is trading below its average cost basis. Usually, dropping to such territory appears near cycle bottoms, suggesting the bulls may soon take control.
JAVON MARKS joined the topic, too, saying DOGE could be on the verge of a major rally and could mirror its performance in past years. That said, the analyst envisioned a parabolic rise to $0.653, $0.7, and even $1.25 in the following years.
Trader Tardigrade made the most optimistic prediction, opining that DOGE has staged a massive double bottom formation that could trigger a price explosion to as high as $3.25.
You may also like: Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH Could Dogecoin (DOGE) Be Setting Up for Its Next Big Move? Analysts Think So ‘Dead Meme’ or Major Opportunity? DOGE Is Flashing The Same Signal That Preceded Its Biggest Rallies The Bearish Case It is hard to ignore other factors that suggest Dogecoin’s valuation could head south soon. The first one is the asset’s Relative Strength Index (RSI), which has risen above 70. Such high levels indicate that the meme coin has entered overbought territory and could be due for a correction. Conversely, readings below 30 are often seen as buying opportunities.
DOGE RSI, Source: RSI Hunter Next on the list is the lack of institutional support. Spot DOGE ETFs have not been attractive for pension funds, hedge funds, and other conservative investors, and that is no good news for the valuation. The opposite scenario would have forced the issuers of these products to buy real DOGE, thus potentially fueling a price appreciation. Since day 1, spot Dogecoin ETFs have generated a cumulative total net inflow of just $11.77 million, which is far below what spot XRP ETFs, for instance, have attracted.
Major cryptocurrencies rose on Tuesday as investors digested reports that the White House agreed to an ethics package accompanying the cryptocurrency Clarity Act.
Some Clarity Finally?Bitcoin rallied to a 5-week high above $66,900, and is now up 13% month-to-date. Ethereum hit an intraday high of $1,950, while XRP and Dogecoin also climbed.
The spike followed reports that the White House agreed to add an ethics provision to the Clarity Act, a key sticking point that has kept the bill tied up amid President Donald Trump’s cryptocurrency business interests.
Over $200 million was liquidated from the cryptocurrency market in the last 24 hours, with $160 million in bearish shorts erased, according to Coinglass data
Bitcoin’s open interest jumped 4.21% to over $50 billion, indicating an influx of new money into the derivatives market. Retail and whale futures traders on Binance were positioned “Neutral” on BTC.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.27 trillion, representing a 1.28% increase over the last 24 hours.
Stock Market ReboundsStocks rallied sharply on Tuesday. The Dow Jones Industrial Average spiked 385.38 points, or 0.74%, to end at 52,224.64. The S&P 500 climbed 0.89% to close at 7,509.20, while the tech-focused Nasdaq Composite gained 1.29% to end at 25,837.21.
U.S. forces, meanwhile, carried out their eleventh consecutive day of strikes against Iranian military assets, while reiterating that the Strait of Hormuz remains open to commercial shipping.
Ali Martinez, a widely followed cryptocurrency analyst and trader, noted that Bitcoin has faced repeated rejections at the Short-Term Holder Realized Price since November, framing it as the apex cryptocurrency’s biggest test.
“With BTC back near $66,000, all eyes are now on $69,340,” the analyst added. “If history repeats, that’s where the bulls will have to prove themselves.”
On-chain analytics firm CryptoQuant said that wallets holding between 1,000 and 10,000 BTC just accelerated their buying “at the fastest pace in months
“The total balance of this cohort has returned to the same level as before the February drop, 3.09 million Bitcoins, even with the price much lower now,” the research firm said. “This is the type of institutional trading pattern.”
Photo: KateStock / Shutterstock
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Dogecoin is once again generating attention from technical analysts as its monthly Stochastic Relative Strength Index (Stoch RSI) has returned to oversold territory, a level last seen during the 2022 cycle. The move has sparked speculation that a significant price shift could be on the horizon, though experts emphasize the importance of caution in interpreting any technical signal as a predictor of future returns.
Analyst points to pattern similarityTrader Tardigrade, a well-known cryptocurrency analyst, highlighted on X that Dogecoin’s Stoch RSI reached oversold levels for the first time since 2022. The analyst argued that the indicator’s setup today appears similar to conditions that preceded Dogecoin’s notable price rally two years ago.
Trader Tardigrade noted that “the monthly Stoch RSI has hit oversold and will turn up,” referencing the parallels with the setup that led Dogecoin to its previous surge.
The technical comparison has attracted the interest of traders, some of whom are watching for signs that DOGE could replicate its 2022 momentum. However, market professionals urge users not to rely solely on historical patterns, stressing that every market cycle features unique contributing factors.
Mini dictionary: Stochastic RSI (Stoch RSI), a momentum indicator derived from the Relative Strength Index, is used in technical analysis to identify whether an asset is overbought or oversold. Traders often monitor this tool to spot potential reversals, but they usually seek confirmation from price action and market context.
Technical signals and broader contextStoch RSI is designed to capture momentum by comparing an asset’s most recent RSI values to its overall high-low range. According to technical analysis principles, moves into oversold territory can suggest that a reversal or upward trend may soon develop. Still, analysts consistently recommend confirmation through price action, trading volume, and other macro factors before making investment decisions.
Dogecoin’s historical price moves have often followed those of Bitcoin and the wider cryptocurrency market. As a result, any upturn in sentiment across digital assets could strengthen the case for bullish technical signals playing out on the DOGE chart.
Dogecoin community and market dynamicsDogecoin, launched in 2013 as a lighthearted alternative to traditional cryptocurrencies, maintains a passionate retail community and robust online ecosystem. The coin’s user base, high liquidity, and widespread exchange support have made DOGE a regular fixture among the top-traded digital assets.
The dynamic between technical indicators and market fundamentals is especially important for DOGE, given its strong social media following and periodic surges in activity driven by online trends or major endorsements. Analysts encourage investors to pay attention to both chart signals and on-chain developments when evaluating future price movement.
YearStoch RSI StatusPrice Reaction2022OversoldSignificant price rally2024OversoldPending, analysts watchingCautious optimism and confirmation neededMomentum indicators like the monthly Stoch RSI tend to draw the market’s attention during consolidation periods. Still, professionals warn that no signal is infallible, as price action remains influenced by macroeconomic factors, regulatory shifts, and broader investor sentiment.
A renewed move to the upside will likely require additional confirmation, such as DOGE establishing stronger support and breaking through established resistance levels. Many traders will also watch for on-chain activity and growing trading volumes to corroborate the technical setup.
While some see the oversold signal as an encouraging sign, experienced analysts urge market participants to combine indicator readings with a thorough consideration of current fundamentals and market mood.
Dogecoin’s recent technical position serves as one piece of the broader market puzzle. Investors are advised to consider multiple data points and remain cautious, with the possibility that this cycle’s developments could diverge from past scenarios, regardless of apparent historical similarities.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin climbed back above the $66,000 mark after the White House reportedly reached an agreement on an ethics package tied to the CLARITY Act.
Up until now, Democrats demanded stronger guardrails on Trump’s crypto business ties as a non-negotiable condition for their votes. The bill needs 60 Senate votes to advance, making bipartisan support mathematically necessary.
The rally also pushed crypto sentiment into the Neutral zone (40) for the first time in nearly a month after an extended period of Fear and Extreme Fear.
Notable Statistics Coinglass data shows 73,177 traders were liquidated in the past 24 hours for $225.70 million. SoSoValue data shows net inflows of $226.9 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net inflows of $38.09 million. In the past 24 hours, top losers include DeXe, Pi and Pyth Network. Latest DevelopmentsTrader NotesCrypto Poseidon highlighted that Bitcoin bottomed near $60,000 despite calls for $45,000, but renewed euphoria at the range high could signal another reversal. He expects BTC to peak around $70,000 before gradually falling back toward $60,000 by September.
CryptosBatman sees Bitcoin testing the daily 50-day EMA, a level that has capped every major rally this year. A decisive breakout could signal a broader trend reversal, while another rejection would reinforce the prevailing bearish structure.
MN Fund founder Michael van de Poppe noted Bitcoin has climbed to its highest level in more than a month, signaling improving market momentum, but the rally has yet to accelerate.
The analyst says a decisive break above last month’s $67,000 high could open the path toward $73,000.
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Key Highlights Major Dogecoin holders accumulated 200 million tokens through Robinhood, representing approximately $14 million in value Futures open interest increased by 3.74% to reach $1.08 billion, accompanied by a 114% spike in derivatives trading volume to $739.56 million DOGE exchange-traded fund recorded zero daily inflows on July 17, while maintaining cumulative inflows at $11.77 million Technical analysts identify double-bottom formation with projected price objectives between $0.653 and $3.25 Current DOGE trading price hovers around $0.072, maintaining position above critical $0.070 support zone The popular meme cryptocurrency Dogecoin continues to maintain its position above the crucial $0.070 support threshold as renewed whale accumulation and expanding derivatives market activity draw attention to the digital asset. Trading data from Monday showed DOGE changing hands at $0.07212, representing a 1.07% decline during the most recent four-hour trading period.
Dogecoin (DOGE) Price Large cryptocurrency holders, commonly referred to as whales, acquired 200 million DOGE tokens via the popular trading platform Robinhood, representing a transaction valued at approximately $14 million. Such substantial purchasing activity from major market participants typically influences near-term market sentiment and can create ripples throughout liquidity dynamics.
Within the derivatives marketplace, trading activity experienced a dramatic 114% increase, reaching approximately $739.56 million during a single trading session. Simultaneously, open interest—representing the total value of outstanding derivative contracts—climbed 3.74% to hit $1.08 billion, indicating that additional capital continues flowing into active trading positions.
Market analyst Ali Charts shared observations on the social platform X, noting that Dogecoin’s weekly TD Sequential indicator has generated multiple consecutive buy signals. According to his assessment, this represents an uncommon technical configuration that may be foreshadowing a significant bullish price movement.
Dogecoin $DOGE just keeps printing buy signals.
The weekly TD Sequential has now flashed multiple consecutive buy signals—a rare setup that could be warning a major bull rally is approaching. pic.twitter.com/DrOI9nqJ2I
— Ali Charts (@alicharts) July 21, 2026
Exchange-Traded Fund Activity Pauses While Technical Outlook Remains Constructive According to data compiled by SoSoValue, DOGE spot exchange-traded fund products recorded zero daily inflows on July 17, 2026. Nevertheless, the cumulative net inflow figure held firm at $11.77 million, while total net assets across all DOGE ETF offerings stood at approximately $10.03 million.
Technical analyst Javon Marks suggests that DOGE has successfully breached a significant resistance level and is currently consolidating—a period of sideways movement he characterizes as similar to consolidation phases observed before previous upward price movements. His projected price objectives include $0.653, levels above $0.70, and an extended target of $1.25.
Market observer Namtoshi Dogemoto has spotted a weekly double-bottom chart pattern featuring two rounded troughs. The second trough exhibited increased trading volume, with the pattern’s neckline positioned between $0.45 and $0.50.
Classic Reversal Pattern Suggests Extended Upside Potential Should price action successfully breach above the identified neckline, it could trigger a more substantial rally, with Dogemoto highlighting a measured move projection exceeding $3. He additionally observed that the weekly Relative Strength Index is emerging from oversold conditions, mirroring the market structure witnessed before the 2024–2025 bullish movement.
$Doge/weekly#Dogecoin has formed a massive Double Bottom — and the measured move is screaming.
📉 First bottom ✅
📉 Second bottom 🔄
🎯 Target: $3.25 🔄
The structure is perfect. This is one of the most reliable reversal patterns in technical analysis.
$3.25 incoming 🚀 pic.twitter.com/AqzRHfGvSm
— Trader Tardigrade 🧬 (@TATrader_Alan) July 19, 2026
Another independent technical analyst has identified a double-bottom formation on the weekly timeframe, establishing a price target of $3.25 contingent upon a definitive breakout confirmation. This projection remains theoretical pending pattern validation through price action.
From a technical indicator perspective, the MACD histogram has turned marginally positive at 0.00003, suggesting that bearish momentum may be weakening. The Chaikin Money Flow indicator advanced to 0.28, indicating enhanced capital accumulation.
A confirmed breakout above the $0.075 threshold could propel DOGE toward the $0.080 level, with subsequent resistance anticipated at $0.085. Conversely, a breakdown below $0.070 would likely direct price action back toward $0.068.
As of Monday’s trading session, DOGE maintained its position above $0.070 with cumulative ETF inflows remaining stable at $11.77 million.
Dogecoin remained resilient above the $0.070 support level this week, as renewed interest from major holders and heightened derivatives activity provided a boost to the cryptocurrency’s profile. As of the most recent trading session, DOGE changed hands around $0.072, showing only a modest decline over the previous hours.
Whales accumulate through RobinhoodLarge investors commonly known as “whales” amassed 200 million DOGE tokens via the commission-free trading platform Robinhood, accounting for approximately $14 million in transaction value. Analysts stated that this significant accumulation by key actors may affect liquidity and short-term price trends for Dogecoin.
Whales purchased another large tranche of DOGE tokens on Robinhood, totaling 200 million valued at $14 million. Such sizeable buying activity often draws attention to potential shifts in market sentiment among major participants.
Robinhood is a leading US-based financial services company known for offering zero-commission trading for stocks and cryptocurrencies, with a reputation for attracting both retail and institutional investors.
Within derivatives markets, DOGE observed a dramatic surge in trading action, with daily volume in derivatives increasing by 114% to $739.56 million. Open interest rose 3.74% to reach $1.08 billion, suggesting more capital entering leveraged positions on the asset.
Mini dictionary: Open interest refers to the total number of outstanding derivative contracts, such as futures and options, that have not been settled. Higher open interest often indicates increased market participation and liquidity.
MetricPreviousCurrentChangeDerivatives trading volume$345.46 million$739.56 million+114%Open interest$1.04 billion$1.08 billion+3.74%Technical signals and analyst targetsTechnical analysts observed that Dogecoin’s weekly TD Sequential indicator displayed multiple consecutive buy signals. Market chartist Ali Charts mentioned that this rare pattern might precede a sizeable rally in DOGE’s valuation.
The weekly TD Sequential indicator for Dogecoin registered several buy signals in a row, creating a setup that sometimes anticipates a sharp upward move in the market.
In addition, analyst Javon Marks reported that DOGE had moved above an important resistance point and was consolidating—a phase that in some previous cycles was followed by extended upward trends. Marks’ projections include a first target above $0.70 and a longer-range goal of $1.25 if momentum continues.
Another observer, Namtoshi Dogemoto, identified a double-bottom chart formation on the weekly timeframe, with the neckline set between $0.45 and $0.50. If the price manages a breakout above this area, Dogemoto estimates a possible upside exceeding $3.00, citing similarities to rallies seen in earlier cycles.
Mini dictionary: A double-bottom is a technical chart pattern that signals a potential reversal in a downward trend, typically featuring two similar lows separated by a moderate peak. A breakout above the pattern’s neckline can be interpreted as confirmation of a new upward trend.
ETF flows and technical indicatorsDOGE-based spot exchange-traded fund (ETF) products recorded zero daily net inflows on July 17, leaving their cumulative net inflows at $11.77 million. Total ETF assets reached $10.03 million, as reported by SoSoValue.
Technically, the MACD histogram turned slightly positive at 0.00003, while the Chaikin Money Flow indicator advanced to 0.28, suggesting growing capital accumulation and waning bearish momentum.
Some analysts highlighted critical price zones to track. Sustained trading above $0.075 could send DOGE to test the $0.080 and $0.085 resistance levels. A move below $0.070 would likely shift focus toward $0.068 as a key support.
DOGE’s ability to hold above $0.070, alongside steady ETF inflows and rising derivatives activity, continues to position it as one of the more closely watched assets among major cryptocurrencies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Dogecoin continues to trade within a narrow range even as accumulation indicators suggest buyers are quietly increasing their positions. The coin remains mostly stagnant, yet key on-chain signals now point to potential for renewed upward momentum, contributing to speculation about a major price breakout that could target previous cycle highs.
Long-Term Cycle Formation Suggests Upside TargetsRecent analysis by cryptocurrency commentator Javon Marks identifies a recurring technical pattern in Dogecoin’s price history. This structure has emerged ahead of past rallies, notably those seen in 2017 and 2021. According to Marks, Dogecoin is currently in a post-breakout consolidation phase, which historically has preceded large upward moves.
His chart analysis highlights a sequence starting with a descending breakout, extended sideways activity, and eventual strong price expansion. Dogecoin is now building a base within this pattern after leaving behind its previous downward trend. The first significant price target is set near $0.653, a level aligned with its prior cycle top. If buyers manage to drive the price over that resistance, an advance toward $0.70 could follow, with a more optimistic projection placing potential gains above $1.25.
These targets, however, rely on Dogecoin retaining its long-term support and resolving the current range to the upside. Unless this breakout is confirmed, the rally projections will remain as potential scenarios connected to historical trends.
Accumulation Score Reaches Maximum as Momentum GrowsOn the technical front, Dogecoin’s accumulation score, as displayed by the market indicator, has reached a maximum reading of 100. This points to an increase in buying interest beneath the current consolidation zone. Market participants are monitoring whether this buildup translates into higher volatility in the near future.
Trading activity remains tightly confined between $0.0719 and $0.0730, a range marked by subdued volatility and little directional conviction from either buyers or sellers. Despite this flat movement, underlying indicators have shown early signs of improvement. The relative strength index (RSI) has climbed to mid-range levels, hinting at decreasing selling pressure and a mild boost in momentum.
Additionally, the MACD histogram shows a gradual uptick, further supporting the accumulation argument. However, overall trading volumes are still low, and the average directional index (ADX) continues to reflect a market in consolidation rather than a trending environment.
A decisive move above $0.0730 could create room for a rally toward resistance areas near $0.075 to $0.076. On the other hand, if Dogecoin closes below $0.0719, it would signal a breakdown in the accumulation pattern and a possible shift to further weakness.
Instant Access to Market OpportunitiesMonitoring Dogecoin’s consolidation and waiting for technical confirmation of a new trend may be crucial at this stage. For investors seeking real-time tracking, price alerts, and customized news filtered by the coins in their portfolios, CryptoAppsy provides an integrated platform that combines live prices, charting tools, and market data. Users gain an advantage by receiving up-to-the-minute information on emerging altcoins and macroeconomic data such as Fed interest rates, minimizing the risk of missing new opportunities as they develop.
The pattern shaping up in Dogecoin resembles past cycles where a period of stagnation was followed by rapid expansion. With an accumulation score of 100 and strengthening momentum indicators, the market could be setting the stage for a potential breakout. However, confirmation is still required before any sustained rally can take place.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Dogecoin co-founder says DOGE merge mining should stay put.
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Amid the ongoing merge mining debate in the Dogecoin community, co-founder Billy Markus offers a non-partisan take on the subject. Merge mining, or Auxiliary Proof of Work (AuxPoW), allows users to mine two or more coins, including Dogecoin, with the same hashpower and proof-of-work without splitting.
Markus, who goes by "Shibetoshi Nakamoto" on X, believes removing merge mining is pointless and should not be done.
as a non-dev who has no investment in any scrypt altcoins and just thinks proposals should solve actual necessary problems and not random made up ones for self-serving reasons, i find this reply disingenuous
removing merge mining is pointless, so it shouldn't be done
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— Shibetoshi Nakamoto (@BillyM2k) July 20, 2026 Markus shares this point of view as a non-developer who has no investment in any scrypt altcoins. It should be noted that Markus has been out of development work on Dogecoin since 2014.
Dogecoin was launched in late 2013 by Billy Markus and Jackson Palmer. Palmer created the Dogecoin.com website while Markus worked as a solo developer on the first four releases. In 2014, both Palmer and Markus left the development efforts, while a Dogecoin Core Development team was formed, which has been maintaining and developing Dogecoin since then.
Scrypt altcoins, in the context of what the Dogecoin developer wrote, refer to coins that support merge mining, including Dogecoin, Litecoin, Namecoin, and several others. Litecoin and Dogecoin remain the largest and most profitable combination.
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Markus once revealed selling all of his crypto in "one clip"; this included 50 Bitcoin, 440 Litecoin, and 6 million Dogecoin, with nothing left. If this still stands, it leaves him with no investments in scrypt altcoins, including Dogecoin and Litecoin.
'Dumb and pointless'The recent discussion around merge mining in the Dogecoin community has attracted differing opinions, with most in support. Supporters of the current model believe that merge mining allows miners to maximize their mining rewards.
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In an earlier response on X, Markus maintained that Dogecoin should stay merge mined and that moving it off would be dumb and pointless.
Dogecoin and Litecoin implemented merge mining in August 2014. Before this time, Dogecoin faced potential security risks due to its smaller hashrate, making it vulnerable to 51% attacks because fewer miners secured the network.
Dogecoin co-founder Billy Markus has opposed calls to end the network’s merged mining structure, arguing that removing the system would serve little purpose.
Summary
Billy Markus says ending Dogecoin merged mining would be pointless as debate continues over security. Dogecoin has used merged mining since 2014, allowing Litecoin miners to secure both networks simultaneously. DOGE price gained as weekly TD Sequential signals and whale accumulation supported short-term market sentiment. His comments come as members of the Dogecoin community debate whether the network should continue sharing mining infrastructure with Litecoin.
Responding to the discussion on X, Markus said Dogecoin should remain merge-mined and described moving away from the model as “dumb and pointless.” Markus, who no longer works on Dogecoin development, presented the statement as his personal view and said he has no investment interest in Scrypt-based altcoins.
as a non-dev who has no investment in any scrypt altcoins and just thinks proposals should solve actual necessary problems and not random made up ones for self-serving reasons, i find this reply disingenuous
removing merge mining is pointless, so it shouldn’t be done
— Shibetoshi Nakamoto (@BillyM2k) July 20, 2026 Dogecoin merge mining remains at center of network debate Merged mining allows miners to use the same computing work to secure more than one blockchain that runs on a compatible mining algorithm. Dogecoin uses Scrypt and has supported merged mining since 2014. Litecoin remains the main network mined alongside DOGE under the current setup.
Dogecoin’s official documentation says the 2014 change allowed Litecoin and other Scrypt miners to contribute to Dogecoin’s network while earning rewards from several blockchains using the same work. The system means miners do not need to divide their computing power between the participating networks.
The latest debate has focused on whether Dogecoin should continue relying on that model. Supporters argue that the current structure gives miners an economic reason to secure DOGE while already mining Litecoin. Critics of merged mining have raised questions about whether Dogecoin should depend so closely on another network’s mining activity.
Markus has rejected the idea that ending the arrangement would automatically improve Dogecoin. His position follows recent discussion among developers and community members over how merged mining works and what changing the system would mean for miners. No formal Dogecoin governance decision or confirmed network proposal to remove merged mining has been announced.
DOGE gains as analysts flag repeated buy signals The mining debate comes as Dogecoin shows a modest price recovery. According to the latest crypto.news Dogecoin price data, DOGE traded near $0.0734 on July 21, up about 2.14% over 24 hours and 1.86% over seven days. The token remained down more than 11% over the previous month.
Crypto analyst Ali Martinez also pointed to improving technical signals. In a July 21 post, he said Dogecoin’s weekly TD Sequential had produced several consecutive buy signals, calling the setup unusual and suggesting it could precede a larger recovery. The indicator does not guarantee a price reversal, and DOGE still faces several nearby resistance levels.
Dogecoin $DOGE just keeps printing buy signals.
The weekly TD Sequential has now flashed multiple consecutive buy signals—a rare setup that could be warning a major bull rally is approaching. pic.twitter.com/DrOI9nqJ2I
— Ali Charts (@alicharts) July 21, 2026 As previously reported, the same TD Sequential indicator flashed a Dogecoin buy signal in June after DOGE fell 31% from $0.113 to $0.078. At that time, traders watched the $0.096-$0.100 range as an area DOGE needed to reclaim to weaken its wider bearish structure.
The latest price remains well below those levels. That leaves the current signals pointing to a possible short-term recovery rather than a confirmed change in the broader trend.
Whale accumulation adds support to DOGE recovery attempt Large holders have also returned to the market. Dogecoin whales recently accumulated about 200 million DOGE worth roughly $14 million. Futures open interest also rose 3.74% to about $1.08 billion as derivatives trading activity increased.
That analysis placed near-term resistance around $0.0754 and $0.0797. DOGE needs to move above those areas to strengthen its recovery structure. The same market data showed major liquidation clusters close to the current price, which could keep short-term volatility elevated.
However, institutional demand has remained weaker. As previously reported, U.S. Dogecoin ETFs had gone one month without recording new inflows as of July 17. DOGE was trading near $0.071 at the time, with support around the same area.
The mixed data leaves Dogecoin with stronger whale activity and improving technical signals, while ETF demand and the longer-term price trend remain softer.
Network debate and price action remain separate issues The discussion around merged mining concerns Dogecoin’s network security and mining structure rather than its short-term market price. Dogecoin’s current system lets Scrypt miners contribute to several compatible networks without splitting the same mining work, according to the project’s official documentation.
Markus has made his position clear, but he does not control Dogecoin development or network changes. Any major change to the mining system would require technical work and support from the wider ecosystem rather than approval from a single founder.
Meanwhile, DOGE traders are watching a separate set of signals. The token has moved higher, whales have accumulated additional coins and the weekly TD Sequential has produced repeated buy setups. Yet DOGE still needs to clear nearby resistance before the latest rebound develops into a stronger recovery.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
