Dogecoin Technical Analysis: July 12, 2025

Technical analysis of Dogecoin on July 12, 2025, exploring support/resistance levels and indicators.

The technical analysis of Dogecoin (DOGE) on July 12, 2025, indicates a market with short-term bullish potential but a likelihood of retracement to support levels. Based on market data, Dogecoin’s current price is approximately $0.2116, reflecting a significant 8.43% increase over the past 24 hours. This price is near a key resistance zone around $0.2400 to $0.2450, which has repeatedly blocked further upward movement. On the 4-hour timeframe, Dogecoin displays a bullish flag pattern, typically a bullish continuation pattern, suggesting buying pressure beneath the resistance level. However, a supply zone around $0.2450 could trigger a liquidity grab and lead to a temporary pullback. The Relative Strength Index (RSI) is currently at 65, indicating bullish momentum but not yet in overbought territory (above 70). This suggests room for growth, though traders should monitor for signs of waning momentum. Key support levels are located between $0.2027 and $0.2050, which could act as a price floor during a correction. This zone aligns with a demand zone, making it an attractive entry point for buyers. If Dogecoin breaks the $0.2450 resistance with strong trading volume, the next target could be $0.40, aligning with the 1.618 Fibonacci level. The MACD indicator shows a bullish signal, with the MACD line above the signal line. However, trading volume has been somewhat volatile in recent days, which may indicate the need for further confirmation to sustain the uptrend. Traders should pay attention to Dogecoin-related news, such as increased adoption in payment platforms or social media endorsements, as these can impact price. From a price pattern perspective, a double bottom pattern is observed on the daily timeframe, which could signal a long-term bullish trend. However, traders should wait for confirmation of a breakout from the bullish flag pattern in shorter timeframes to avoid potential price traps. Risk management using stop-loss orders below key support levels, such as $0.2027, is highly recommended. Overall, Dogecoin appears bullish in the short term, but traders should prepare for a possible pullback to $0.2027. Continuous monitoring of indicators and price levels will aid in better decision-making.