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Dogecoin stands firm at US$0.074, forming a bullish pennant, and the US$0.090 resistance level becom

2026-07-17 00:35:19
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DOGE is trading close to US$0.074 and is holding on to key support areas. Traders are also focusing on the bullish flag pattern formed on the weekly chart. This technical form has attracted the attention of market participants after Dogecoin fell back from its 2025 high.

Weekly bullish flag lays the foundation

According to the observation of well-known cryptocurrency analyst Trader Tardigrade, the weekly chart of Dogecoin shows a bullish flag. In his analysis, he pointed out that prices have tightened significantly while trading volumes have fallen-signs that are often seen as typical features of pre-breakout consolidation.

Bullish flags usually appear when prices tend to tighten after a sharp rise in prices; chart observers often interpret them as a harbinger of possible further gains after a potential breakthrough. When dogcoins are compressed so tightly within the flag, they tend to have strong movements, with textbook-like structures, shrinkage and clear consolidation-all of which are currently on DOGE's weekly charts.

Trader Tardigrade also pointed out that although volume decreased during the consolidation period, a clear confirmation signal to break through resistance is still needed. Unless DOGE convincingly breaks through key levels, the pattern will remain just a layout rather than a certainty signal. His analysis is always based on the structure of technical charts. Therefore, buyers need to show new power to push prices beyond current resistance levels to verify bullish expectations.

Small Dictionary: Trader Tardigrade is a well-known anonymous analyst who mainly shares cryptocurrency chart patterns and technical analysis on social media platforms, focusing on digital assets and market behavior signals.

Key Support and Resistance Levels

On the daily chart, Dogecoin currently remains above the support range of US$0.074 to US$0.070, an area that has become a key position after recent declines. If DOGE holds that level, attempts to rebound may still continue. Conversely, if prices fall below support, they may face additional selling pressure, targeting the $0.065 and $0.060 areas.

As of the time of report, the trading price of Dogecoin on Coinbase was approximately US$0.07427, which represents a narrow stabilization period rather than the establishment of a trend reversal. Buyers remain cautious and focus on whether DOGE can hold this defensive area.

If support falls, market attention may shift to lower historical levels. For now, trading activity shows that neither buyers nor sellers have shown a clear advantage, and technical positions have therefore become the focus of market attention.

Momentum Indicators and Technical Outlook

Dogecoin faces direct resistance ranging from US$0.085 to US$0.090. Breaking through this range will be the first signal of strengthening bullish sentiment and is highly consistent with the flag pattern seen on the weekly chart. The next level of resistance is at $0.100 and $0.11013, the latter being an important Fibonacci retracement level on the daily chart.

A break above $0.11013 may strengthen arguments for a broader recovery, but momentum signals remain limited. The MACD bar chart used to gauge the strength of the trend currently shows slightly positive values, which may indicate that selling pressure has eased in the near term.

Meanwhile, the Relative Strength Index (RSI) was at 41.88, still below the neutral 50 line, further reflecting caution among traders. Until momentum indicators recover, the possibility of a decisive direction remains uncertain.

Overview of key price levels

Horizontal position price significance
Direct support level US$0.070 buyer key area
First resistance level 0.085-0.090 key breakthrough area
Next resistance level 0.100 medium-term target
Fibonacci level 0.11013 main recovery level

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