NewsBTC
3 July 2025
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Dogecoin Price Rises Above $0.1650, Faces Resistance Near $0.1720

Dogecoin (DOGE) is experiencing a price increase, currently consolidating above the $0.1650 level.

  • DOGE has moved above the $0.1620 and $0.1650 thresholds.
  • The price is above the 100-hour simple moving average.
  • A key bearish trend line was broken at $0.1640 on the hourly chart.
  • If the price stays below $0.1720 and $0.1800, a decline may occur.

Current Price Action

DOGE began its upward trend from $0.1565, breaking through several resistance levels including $0.1600 and $0.170. A peak was reached at $0.1726, followed by consolidation.

The price is supported above $0.1650, with immediate resistance near $0.1710 and major resistance at $0.1720.

Dogecoin Price

Further resistance levels are identified at $0.1750 and $0.1800, with potential gains leading towards $0.200 or even $0.2120.

Potential Decline Risks

If DOGE fails to surpass $0.1720, it may decline. Initial support is at $0.1650, with further support at $0.1620 and a critical support level at $0.1560. A drop below $0.1560 could lead to prices reaching $0.150 or $0.1450.

Technical Indicators highlight:

  • Hourly MACD shows decreasing bullish momentum.
  • Hourly RSI is above 50.
  • Major Support Levels: $0.1650 and $0.1620.
  • Major Resistance Levels: $0.1720 and $0.1800.