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Dogecoin prices hold support, bears hold resistance

2026-07-10 06:35:32
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Dogecoin prices are under pressure: Sellers control the supply area, buyers stick to support

Dogecoin prices are currently trading below a major supply area, and despite repeated rebound from near support levels, sellers remain in control. The growth in trading volume reflects active market participation, while bearish momentum continues to focus on key downside targets and resistance levels.$ The technical range of 0.07437 to $0.07652 is still the key to determining the short-term trend of Dogecoin.

Bearish structure controlled by sellers

Dogecoin prices continue to be under pressure, with sellers firmly holding on to upper resistance and buyers holding on to adjacent support. Current trading activity is relatively light, indicating that the market is making short-term arrangements before waiting for a short-term decision.

Finora AI recently updated its one-hour outlook for dogcoin. The analysis continues to favor bearish momentum rather than a sustained rebound. Under current trends, a short-term rebound may still occur.

The report points out that $0.07596-$0.07652 is the main supply area and fair value gap. This area is the preferred location to open new short positions. You still need to wait for a bearish confirmation before executing any trade.

Multiple failures near the resistance zone have strengthened the overall technical structure. Previous rallies have stalled at similar price levels. Sellers regained control after each increase.

Finora AI said that only a decisive closing price above $0.07652 can change the current outlook. If the price stabilizes above the resistance, the bearish pattern will fail and the focus will then shift to $0.07883.

Support level faces another critical test

As of writing, Dogecoin has fallen 1.2% in the past 24 hours and is currently trading at $0.07515. Prices are still below their early rebound highs of the day, and shorts continue to dominate the overall momentum of the day.

The most recent decline attracted buying interest around $0.07437-$0.07450. Buyers once again launched a moderate rebound from support, but the rebound was still relatively limited.

According to Finora AI,$0.07437 is the first downside target. If this support is lost, bearish continuation expectations will be strengthened, and the next technical target will point to $0.07290.

The

report also outlines an alternative short-term scenario: prices first sweep down support and then rebound sharply, a pattern that could trigger temporary gains with a target of $0.07596.

Trading activity shows positive market participation

The latest market data shows that trading volumes are growing despite weaker prices. The 24-hour transaction volume increased by approximately 32.38% to US$801 million, and the overall market activity remained high.

As of writing, the market value of Dogecoin is estimated to be approximately US$12.82 billion. Due to the dominance of circulating supply, the fully diluted valuation is equivalent to this value. About 170.68 billion DOGE pieces are currently in circulation.

Higher trading volume accompanied by lower prices, reflecting continued market participation. Buyers continue to defend support, while sellers remain active above. Neither party has established decisive control.

Current technical conditions tend to be patient until critical levels are broken. The resistance range of $0.07596-$0.07652 remains a direct obstacle. At the same time,$0.07437 continues to serve as the most important support for the short-term price direction.

Disclaimer:

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