Key Highlights
- DOGE maintains stability around $0.077 while defending critical $0.075 support
- Trump declared “I’ve become a big crypto guy, I’m a fan,” energizing digital asset markets
- Large holder balances expanded to 73.85 billion DOGE, signaling accumulation
- Network analyst Ali Charts identified approximately 50,000 active wallet addresses
- Technical analysts project resistance levels at $0.081, $0.090, $0.10, and $0.12
Dogecoin maintains its position around $0.077 following a stable weekend performance. The leading meme cryptocurrency recorded weekly gains exceeding 5% and continues defending a crucial support threshold monitored by market participants.
The cryptocurrency sector demonstrated overall strength. Global market capitalization increased 1.04% within 24 hours to reach $2.19 trillion, with major assets including Bitcoin, Ethereum, XRP, and Solana recording positive movements.
Market analyst Ali Charts reported on July 5 that network participation on Dogecoin reached approximately 50,000 active wallet addresses, stating “Something is brewing.” This level of address activity typically indicates heightened user interaction across the blockchain.
Large holders controlling over 1 billion DOGE expanded their collective holdings to 73.85 billion tokens. While whale transaction frequency decreased to 12 on Sunday, the overall balance expansion suggests continued confidence from major stakeholders.
Futures market data from Coinglass revealed DOGE trading volume climbing 31% to reach $1.26 billion. Meanwhile, open interest experienced a minor decline of 0.32% to $1.04 billion, indicating limited new leveraged positions entering the marketplace.
Technical indicators show the RSI positioned at 51.52, suggesting balanced momentum. The Chaikin Money Flow indicator registers at 0.08, demonstrating modest yet consistent capital inflows into DOGE.
Critical Price Levels Drawing Trader Attention
Market technician Jesse Peralta’s analysis reveals DOGE trading within an extended ascending channel pattern, with current prices near the channel’s lower boundary. The $0.075 to $0.076 zone represents the initial support area requiring defense.
Maintaining ground above $0.075 would establish $0.081 as the immediate upside objective. Beyond that threshold, market observers identify $0.090, $0.10, and $0.12 as sequential recovery milestones. A breakdown beneath $0.075 would shift focus toward the $0.070 to $0.068 support zone.
Technical analyst Celal Kucuker observed that DOGE successfully penetrated its extended downtrend line and currently undergoes retesting. A confirmed retest could transform previous resistance into fresh support, potentially clearing the pathway toward $0.12.
Presidential Endorsement Elevates Market Sentiment
During a Monday press briefing, President Donald Trump stated, “I’ve become a big crypto guy, I’m a fan.” He characterized cryptocurrency as “very powerful” and described the sector as “huge.”
Cryptocurrency commentator That Martini Guy responded on X: “Bitcoin is now impossible for politicians to ignore. That’s a very different world to the one we were living in just a few years ago.” The observation emphasized Trump’s evolving position as indicative of broader political engagement with digital currencies.
Bitcoin initially declined over 2% after Strategy submitted regulatory disclosures revealing disposal of approximately 216 million BTC. The flagship cryptocurrency subsequently rebounded, advancing 1.66% to $63,716 in the aftermath of Trump’s supportive statements.
The monthly timeframe chart from Ali Charts displays a TD Sequential buy indication for DOGE near the $0.077 level, which technical traders interpret as potential price exhaustion following an extended decline period.
DOGE currently changes hands at $0.07648, with the $0.075 threshold representing the critical defense point for bulls.
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