Dogecoin (DOGE) Technical Analysis on July 10, 2025: Market Outlook

Technical analysis of Dogecoin on July 10, 2025, covering resistance, support, and indicators.

As of July 10, 2025, Dogecoin (DOGE) is trading at approximately $0.173, in a short-term consolidation phase with long-term bullish signs visible. This technical analysis examines the current market state, key resistance and support zones, and major indicators. Price Trend and Market Structure Analysis After peaking at $0.230 in March 2025, Dogecoin entered a consolidation phase, fluctuating between $0.150 and $0.175. This price action suggests accumulation for the next major move. Daily and 4-hour charts show bullish patterns, such as higher lows, indicating sustained buyer interest. However, resistance at $0.175, aligning with the 200-day moving average, has capped further upside. Resistance and Support Zones The key resistance zone is around $0.175, which has rejected the price multiple times. A high-volume breakout (over 30% above the 20-day average) could target $0.20, consistent with previous highs. On the support side, $0.160 has acted as a strong demand zone, with $0.150 as the next critical support. These levels could prevent further declines if the price pulls back. Technical Indicators The RSI on the daily timeframe is at 55, indicating a neutral to bullish state. This suggests room for upward movement without being overbought. The MACD shows signs of bullish momentum, but declining trading volume in recent days indicates trader caution. The 50-day moving average at around $0.165 acts as a key dynamic level. Price Pattern Analysis Dogecoin’s daily chart shows a bullish flag pattern, with the price approaching the upper resistance line. A high-volume breakout could trigger a new bullish wave. From an Elliott Wave perspective, Dogecoin may be in the third wave of a larger bullish cycle, potentially leading to significant gains. A double bottom pattern is also forming on the weekly timeframe, signaling long-term bullish potential. Risks and Scenarios Bullish Scenario: If Dogecoin holds the $0.160 support and breaks the $0.175 resistance, it could target $0.20 and potentially $0.30 by the end of summer 2025. Bearish Scenario: A break below $0.160 could lead to a drop to $0.150 or even $0.125, signaling a deeper correction. Conclusion Dogecoin is currently in a short-term consolidation phase but shows long-term bullish potential. Traders should monitor volume and price action at the key $0.175 and $0.160 levels. Breaking the $0.175 resistance could spark a new bullish wave, while holding the $0.160 support is crucial for the bullish outlook.