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DOGE Hits Resistance on Bull Flag Breakout, But 'Cup and Handle' Points to Higher Moves
Dogecoin posted a powerful 6% surge during the July 9–10 trading session, blasting through resistance in an explosive rally before retreating into a sharp late-session reversal.
DOGE appears to be coiling for a breakout. Several bullish technical patterns—including a multi-year cup‑and‑handle, higher‑low base, and triple bottom—align with a surge in institutional whale accumulation.
A decisive move above the $0.175–$0.20 resistance zone, especially with spike in volume, could trigger a powerful rally toward $0.25 and beyond.(Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.)
Dogecoin To $3.94 This Cycle? This Chart Says It’s No Meme
In a monthly chart shared on July 8, crypto analyst Kevin (@Kev_Capital_TA) outlined a long-term bullish thesis for Dogecoin (DOGE), identifying a clear historical pattern that may signal the next major leg in its price trajectory. The focal point of the chart is the 1.618 Fibonacci extension—used as a key projection level—which Kevin implies is Dogecoin’s next major upside target. Based on the chart, this level corresponds to $3.94.
Dogecoin’s price action has followed a remarkably consistent macro-pattern across three major market phases. In each, DOGE formed a clear descending wedge, followed by an impulsive breakout and parabolic rally. These structures are annotated in yellow on the chart and preceded both the 2017 and 2021 bull runs. The most recent wedge breakout completed in November last year, with a retest of the breakout currently taking place.
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Crypto Whales Shift to Mutuum Finance, Dogecoin Holds Steady
Crypto whales are strategically repositioning their portfolios in anticipation of the 2025 market, with a notable shift towards Mutuum Finance (MUTM) and Dogecoin (DOGE). Mutuum Finance, a low-priced DeFi gem, has seen significant interest, with its 5th round of presale selling out over 60%. The project has raised over $11.9 million and attracted more than 12,900 investors, indicating strong confidence in its early stages. The current price of MUTM is $0.03, with an expected 17% increase in Phase 6.
Dogecoin, while still a favorite among whales, is seeing steady accumulation rather than major exits. The token is trading around $0.163, holding above its multi-week support despite broader market turbulence. This suggests that DOGE remains a stable part of large portfolios, possibly serving as a hedge or a familiar investment option. However, the buzz around newer tokens like Mutuum Finance indicates a shift in attention towards more innovative projects.
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