DOGE Eyes Higher Targets Despite Resistance as Bullish Patterns Emerge

Dogecoin (DOGE) showcased a notable 6% surge during the July 9–10 trading session, breaking through key resistance levels before experiencing a sharp reversal. This upward movement was driven by improved market sentiment following the U.S. government's decision to extend its tariff deadline, which alleviated short-term pressure on risk assets. Additionally, growing expectations of a Federal Reserve rate cut further bolstered the cryptocurrency market, with DOGE rebounding strongly from crucial support levels. Technical analysts are now eyeing a potential 'Cup and Handle' pattern, suggesting that DOGE could be gearing up for higher moves despite the recent resistance. The breakout, which occurred amidst these favorable macroeconomic conditions, has reignited bullish optimism among traders. As of July 10, 2025, the market remains watchful for further developments that could propel DOGE to new heights.

DOGE Hits Resistance on Bull Flag Breakout, But 'Cup and Handle' Points to Higher Moves

Dogecoin surged 6% during the July 9–10 trading session, breaking through resistance before retreating into a sharp reversal. The rally was fueled by improved market sentiment as the U.S. extended its tariff deadline, easing short-term pressure on risk assets. Expectations of a Fed rate cut further buoyed crypto markets, with DOGE bouncing sharply off key support levels.

The breakout occurred between 19:00–20:00 on July 9, with volume spiking to 1.52B—nearly double the 24-hour average. Resistance solidified at $0.186, where price was repeatedly rejected on heavy volume. Support held around $0.180–$0.181 into the close, but a final-hour reversal saw Doge fall 0.55% as downside momentum built.

Technical patterns suggest potential for higher moves despite the resistance. The 'cup and handle' formation remains intact, while the bull flag breakout indicates underlying strength. Traders are watching for a decisive close above $0.186 to confirm continuation.

Dogecoin (DOGE) Primed for Rally as Technical Patterns Emerge

Dogecoin surged 6% during the July 9-10 trading session, breaking through resistance at $0.186 before a late-session pullback. The meme coin's price action formed two bullish chart patterns—a falling wedge breakout and an ascending channel—suggesting potential upside to $0.19 in the NEAR term.

Market sentiment improved as the U.S. extended tariff deadlines and Fed rate cut expectations grew. Analysts note high-volume rejections at $0.186 indicate strong resistance, but a sustained breakout could open the path toward longer-term $1 targets.

Dogecoin Price Poised for Takeoff as Bullish Pattern Emerges

Dogecoin (DOGE) shows signs of a potential breakout as a historically bullish pattern forms on its daily chart. The meme coin, down 42% year-to-date, has rebounded 19% from mid-June lows, signaling renewed momentum.

Analyst Ali Martinez highlights a parallel channel formation, with DOGE currently at the channel's lower boundary. Previous instances of this pattern have preceded significant rallies. Key resistance levels sit at $0.20 and $0.25, mirroring June and May highs respectively.

The broader meme coin sector appears to be awakening, with DOGE leading the charge. Market watchers now eye whether this technical setup will repeat its historical performance and propel the cryptocurrency toward higher targets.