Key Takeaways
So, the masterpiece known as Dogecoin is exhibiting some fancy footwork and traders should really consider that range play. 🎭 A glorious 27% rally could dawdle into existence over the next week or two, but we’re all pretending demand will magically show up. 🪄
Dogecoin [DOGE] has decided to join the bullish party these last couple of weeks. 🎉 Since July 7th, it’s been strutting around with a 19.7% gain, while Bitcoin [BTC] is just over here like, “Look at me, I’m up 8.75%!” 🙄
It’s safe to shout from the rooftops that Bitcoin’s love-fest — setting new all-time highs against the U.S. Dollar — has sprinkled a little glitter on the altcoin market.✨
Bitcoin decided to play nice, adding a cool $11k this week by hopping over a descending channel. Who knows? Maybe the good vibes will keep rolling. The on-chain metrics are like that one friend who says, “Chill, we’re not overextended!” 😌
This could splash a friendly wave over DOGE and the entire memecoin shindig in the coming weeks. 💃
Dogecoin’s buying opportunity
The 1-day chart has been giving us some real talk since the $0.142 range lows were retested on June 22nd. Since then, our beloved memecoin has pulled off some fancy higher lows and higher highs, flipping into a bullish market structure. Who doesn’t love a good glow-up? ✨
The $0.173 resistance was playing hard to get back in early July, but Bitcoin’s recent rally was just the chutzpah Dogecoin needed to kick it aside like last season’s fashion. 👜
The mid-range level at $0.196 was another stern gatekeeper because, well, it’s got history with the bearish order block from mid-June. But on July 11th, our fearless DOGE pushed past that supply zone like it owned the place. 🏠
As we write this modern-day epic, it looks set to act as a demand zone where Dogecoin could bounce back, just like your ex when they miss you.
The OBV, however, is a little like that clingy friend who’s still not quite over June’s high—an early warning sign of reduced buying pressure over the last fortnight. 🚨
Dogecoin’s liquidation heatmap is showing us there’s a tiny chance of a price dip to the $0.19 liquidity cluster. The next “watch out!” zone is a magnetic $0.23, which is practically calling our names! 📞
Since price has a habit of gravitating toward liquidity like seagulls around a hot dog stand, it’s likely we’ll see Dogecoin extend that rally to hit the $0.23-$0.25 supply area next. 🍔
Traders, please proceed with caution as we approach the range high; it’s like a high-stakes game of limbo! 💃 And until there’s a clear breakout and a retest of the $0.25 level, we might just keep this range-bound price action going like an old sitcom rerun. 📺
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2025-07-13 11:06