Blog
Doge hits resistance to bull flag breakout, but ‘cups and holds’ points in higher motion
Dogecoin posted a strong 6% climb during the July 9-10 trading session, exploding by fighting an explosive rally before retreating to a sharp return of the session.
News Background: Community and Rate Bets Fuel Rally Rally
- The market sentiment improved after the US expanded the “Liberation Day” tariff deadline by three weeks, buying time for trade negotiations and removing short-term pressure on risk properties.
- Meanwhile, the expectations of a July cut by the July rate are climbing, with major pricing banks of 25-100bps on Q3 cuts if inflation underwhelms data next week.
- These macro shifts have provided crypto markets of a tail, which help Doge and other high-beta assets bounce strongly support levels.
Summary of price action
- Doge has climbed 6% from $ 0.170 to $ 0.186 between July 9 03:00 and July 10 02:00.
- The breakout occurred between 19: 00–20: 00 July 9, where the price of $ 0.007 and volume that was spying to 1.52B – almost twice as much as 24h average.
- Strong resistance appeared at $ 0.186 because the price was repeatedly rejected in heavy quantities.
- The support was held around $ 0.180- $ 0.181 to the session nearby.
- In the final time (02: 28–03: 27), the Doge fell 0.55% from $ 0.181 to $ 0.180, forming a sharp return pattern with rising momentum.
Technical analysis
- Range: $ 0.016 or 9.23% between $ 0.170 low and $ 0.186 high.
- Resistance: $ 0.186 climax, with repeated decline in high volume during 21: 00–23: 00.
- Support: $ 0.180- $ 0.181 zone held nearby, but fracture at the last sale time.
- Breakdown: 02: 28–03: 27 Session saw support levels at $ 0.1808, $ 0.1806, and $ 0.1803 breaks – following under the heavy seller – institutional distribution signal.
- Volume: 1.52B in Breakout, 4.9m during the final return, proving both the bull and exit entry.
What do entrepreneurs watch
- Can Doge get $ 0.186 and the Flip resistance to support? Watch the long volume above this level.
- If the downside continues, $ 0.176 and $ 0.172 will be the next potential support levels from the previous integrations -with the zones.
- RSI and OBV readings in lower timeframes suggest short -term fatigue, but Macro’s sentiment remains net bullish.
- The July 9–10 range can form the “handle” in a larger weekly cup-and-handle pattern-the validation will require a breakout above $ 0.195 with a high volume.
Takeaway
Doge will appear coiling for a breakout. There are many bullish technical patterns-including a multi-year cup-and-a-high base level, and triple bottom-align with a climb to institutional whale accumulation.
A decisive move above the $ 0.175- $ 0.20 zone resistance, especially the spike in volume, can trigger a strong rally towards $ 0.25 and more.
.
