Dogecoin rised 5% amid rising institutional accumulation and technical fallout above key resistance levels.
The most important price movement happened between 12:00 and 13:00 UTC on July 6 with DOGE moving from $0.166 to $0.173 on high trading volume.
dogecoin
Analysts are monitoring the $0.173 -$0.175 resistance area as break above could lead to further gains.
The price action undisclodes as President Trump Liberation Day tariff deadline continues to weigh on markets.
Elon Musk launch of The American Part speculated to finally integrate DOGE for payments on X has added visibility.
With macro headwinds still unsolved DOGE structure added purchaser are steeping in at each dip a sign of early positioning before a mega step.
Dogecoin surged 5% in the last 24 hours, climbing from $0.163 to $0.171 amid rising institutional accumulation and a technical breakout above key resistance.
The most aggressive action came between 12 and 13 UTC on July 6 when DOGE jumped ro $0.166 to $0.173 on mega volume exceeding 1.14 billion almost 6x its daily average.
Strong volume based help formed at $0.166 with now occuring between $0.170 and $0.173.
Analysts are watching the $0.173 -$0.175 zone as resistance a clean break above could open up a path to $0.180 and $0.21.
On chain data shows while smaller holders have exited position whales holding !M-100M DOGE have accumulated since June 28 signaling long term confidence.
Technical Analysis Highlights
DOGE gained 5.01% from $0.163 to $0.171 between 6 july 3:00 and 7 July 02:00
Support established at $0.166 validated by high volume purchasing pressure
The stronges move happened betwen 12:00-13 UTC with DOGE spiking to $0.173 on 1.14 billion volume.
Consolidation followed between $0.170-$0.173 with resistance test at $0.173 during 21:00-23:00 window
dogecoin
Immediate resistance levels: $0.173, $0.175 and $0.180 critical support remains at $0.166
In last hour of trading DOGE rose from $0.171 to $0.172 with breakout confirmation between 01:30 -01:37
Volume rises of 12.8M at 01:16 and 8.0