7 hours ago
What to know:
- DOGE precocious 8.6% from $0.198 to $0.213 betwixt July 11 06:00 and July 12 05:00 earlier closing astatine $0.202 — a afloat retracement of its intraday gains.
- Trading volumes surged past 1.1B during the 13:00–15:00 session, establishing absorption betwixt $0.208–$0.213.
- Support held astatine $0.200–$0.201 done late-session volatility, with last hr terms enactment stabilizing astir $0.202.
- Analysts flagged the rejection astatine $0.211 (20:00) arsenic grounds of systematic profit-taking by larger holders.
News Background: BTC Record, Risk-On Flows Drive Meme Coin Rally
Bitcoin touched an all-time precocious of $118,000 during the session, arsenic crypto markets benefited from a surge successful organization inflows — estimated astatine $50B this week alone.
Easing geopolitical tensions, improving commercialized relations, and dovish signals from cardinal banks person boosted hazard assets crossed the board. Dogecoin, typically a high-beta play during crypto rallies, surged alongside altcoins successful response.
Price Action Summary
- Range: $0.198 → $0.213 → $0.202 | Total swing: 8.6%
- Breakout Zone: $0.200–$0.208 cleared connected beardown volume
- Resistance: $0.208–$0.213, with reversal from $0.211
- Support: $0.200–$0.201 tested and held aggregate times
- Final Hour (04:55–05:54): Price roseate from $0.200 → $0.202 (+0.5%)
- Volume Peak: 1.1B betwixt 13:00–15:00; 19M during 05:00–05:10 precocious surge
Technical Analysis
- Mid-session momentum broke supra cardinal absorption zones but failed to prolong supra $0.213
- Volume-backed reversal adjacent league precocious suggests strategical exits by institutions
- Final-hour betterment shows $0.200 remains psychologically significant
- Momentum cooling; near-term consolidation expected successful $0.200–$0.204 band
What Traders Are Watching
- Can DOGE reclaim and clasp supra $0.208–$0.210 to retest highs?
- Breakdown beneath $0.198–$0.200 would awesome inclination exhaustion
- Consolidation supra $0.202 would enactment a bullish continuation setup into adjacent week
- Broader BTC and macro hazard sentiment volition proceed to dictate altcoin flows
Takeaway
DOGE followed broader crypto markets higher with a cleanable intraday breakout — but its rejection astatine $0.213 and crisp pullback item the fragile quality of meme coin rallies during precocious volatility sessions.
Institutional flows remain, but traders should ticker for measurement confirmation earlier chasing upside. $0.200 is present the enactment successful the sand.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, spot CoinDesk's afloat AI Policy.
English (US) 