DOGE Price News Today: Dogecoin Jumps 9% Before Sharp Reversal. What's Next?
DOGE climbed 9% before a sharp pullback as the $0.213 resistance level halted its rally
Crypto Market Strengthens Dogecoin, But Coordinated Profit-Taking Limits Intraday Breakout
Shaurya Malwa, CD Analytics Updated July 12, 2025 6:51 AM Published July 12, 2025 6:51 AM
Key points:
- Dogecoin gained 8.6% on the day but ended the day at $0.202, having fully recovered its losses.
- Trading volumes reached 1.1 billion, creating resistance at $0.208 and $0.213.
- Experts noted systematic profit-taking at the level of $0.211, which indicates the actions of large investors.
What to consider:
- From 06:00 on July 11 to 05:00 on July 12, DOGE rose 8.6% from $0.198 to $0.213 before closing at $0.202, a complete correction of the intraday gain.
- Trading volumes from 13:00 to 15:00 exceeded 1.1 billion, creating resistance in the range of $0.208–$0.213.
- Support remained at $0.200-$0.201 due to late session volatility, with price action stabilizing around $0.202 in the final hour of trading.
- Analysts noted the deviation at the $0.211 level (20:00) as a sign of systematic profit-taking by large holders.
Background: Record BTC, Rising Risks Fuel Meme Coin Rally
Bitcoin hit an all-time high of $118,000 during the session as crypto markets benefited from a surge in institutional investment, which has totaled $50 billion this week.
Easing geopolitical tensions, improving trade relations, and dovish signals from central banks have led to a rally in risk assets around the world. Dogecoin, which typically shows a high beta during crypto rallies, has surged alongside altcoins.
