Dogecoin flashed a strong buy signal on July 6, hitting its highest hourly volume in weeks and breaking above $0.173. Institutional wallets are accumulating DOGE as the broader market prepares for potential volatility from macro headlines like Trump’s “Liberation Day” tariff plans. With technicals looking good and on-chain metrics showing confidence, Dogecoin price prediction looks better than it has in months.
Between 12:00 and 13:00 UTC on Saturday, DOGE went from $0.166 to $0.173 in under an hour on 1.14 billion volume which is 6x the daily average. This volume breakout is consolidating above $0.170, with targets at $0.180 and $0.21 if $0.175 is cleared in the next sessions.
Volume-Led Rally Reignites DOGE Bulls
According to Santiment and CoinMarketCap on-chain data, DOGE’s hourly volume peaked at 1.14 billion during the 12:00–13:00 UTC window, vs 190 million 24 hour average. This is a high conviction move with real buying, not just speculative spikes.
DOGE went up 5.01% from $0.163 to $0.171 in the 24 hours leading up to July 7, with short bursts of upside during 01:30–01:37 and 12:00–13:00. The $0.166 level is a strong support, a level that has been defended multiple times.
Whale Accumulation Builds Long-Term Confidence
While smaller retail wallets have been reducing exposure over the past week, wallets holding 1 million to 100 million DOGE have been accumulating. Sources reveal that whale accumulation started on June 28 and has continued into early July, enforcing long-term confidence in Dogecoin’s structure.
Some think that if the America Party (Musk’s new party) pushes crypto-friendly policies, DOGE will be the unofficial poster asset for the movement.
Technical Setup Points to $0.21
From a technical standpoint, Dogecoin price prediction is still bullish as long as it prints higher lows and retests resistance. $0.173–$0.175 is immediate resistance; clearing this zone could open up the next move to $0.180.
$0.21 is the longer-term breakout level that traders are looking at. $0.166 is strong support, with backup support at $0.163 and $0.160 if the broader market dips.
DOGE Price Action Summary Table
| Time Period | Price Movement | Volume Highlights | Key Technical Levels |
| 6 July (24 hrs) | $0.163 – $0.171 (+5%) | Total: 2.3B; Peak: 1.14B/hr | Support: $0.166; Resistance: $0.175 |
| 12:00–13:00 UTC | $0.166 – $0.173 (+4.2%) | 6x average daily volume | Breakout Zone |
| 01:30–01:37 UTC | $0.171 – $0.172 (+0.85%) | 12.8M & 8.0M spikes | Consolidation above $0.170 |
Market Context: Political Risk Meets Meme Coin Revival
This Dogecoin rally is happening in an uncertain macro environment. Trump’s “Liberation Day” tariff plan initially set to kick in on July 9 is weighing on equities and commodities. Crypto traders are pricing in volatility differently, positioning for upside in speculative tokens like DOGE, which benefit from high beta.
Musk’s America Party announcement and talks of Dogecoin being integrated into payment rails on X have added another layer to the narrative. These have caused Dogecoin to spike in the past, and this volume-led move looks like those earlier cycles.
Conclusion: What to Watch
A daily close above $0.175 with volume confirmation could take Dogecoin to $0.180 and possibly $0.21. Analysts say if DOGE can’t hold $0.166 on any dip, it may retest $0.160. But the meme coin’s current structure, with whale buying and strong volume, makes it one of the best-looking large-cap coins this week.
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Summary
Dogecoin surged after breaking $0.173 on huge volume. Price went from $0.166 to $0.173 in an hour with institutional buying and whale accumulation. Strong volume support at $0.166 with analysts looking at $0.180 and $0.21 next. On-chain data shows large DOGE holders have been accumulating since late June. Political catalysts like Trump’s tariffs and Musk’s new party are adding speculation.
FAQs
What’s the Dogecoin price prediction?
Dogecoin is looking at $0.180 next, $0.21 if it clears $0.175. The structure is bullish.
Why did Dogecoin spike?
DOGE saw 6x volume between 12:00 and 13:00 UTC on July 6. Institutional buying and Musk news.
Are whales buying Dogecoin?
Yes, wallets with 1M–100M DOGE have been accumulating since June 28.
What are the resistance levels?
$0.173–$0.175 is the immediate resistance. Breakout could take it to $0.180 and $0.21.
How is the political news affecting DOGE?
Trump’s July 9 tariffs and Musk’s party are adding to the speculation.
Glossary
Dogecoin (DOGE): A memecoin created in 2013, influenced by social media and public figures like Elon Musk.
Resistance: A level where an asset can’t go above due to selling.
Support: A level where buying is strong enough to prevent the price from dropping.
Volume: The number of units traded in a given time frame, used to confirm price movements.
Whales: Large holders of a coin, whose trades can move the market.
Sources
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
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