Dogecoin [DOGE] has just created a strong upward wave after bouncing off the technical support area, attracting attention from investors and cryptocurrency whales.
This recovery also drives a surge in options trading volume and active whale money flow, creating a basis for DOGE to continue testing the resistance level around $0.19.
MAIN CONTENT
Options activity and whale money flow surged after DOGE recovered from the demand zone of $0.13 – $0.15.
The improved MVRV Z-score indicates a significant reduction in risk, supporting the upward trend.
Although network activity has decreased, DOGE maintains its upward momentum if it breaks the resistance level of $0.19.
Does Dogecoin have enough strength to break the $0.19 resistance?
Analyst Ali Charts stated: DOGE's price surged from the demand zone of $0.13 – $0.15, with the Stochastic RSI index exceeding 80, signaling the potential for continued upward momentum. However, the gradually decreasing resistance around $0.19 still restrains the price level. A daily closing candle above this level will mark an important breakout, further boosting upward momentum.
Currently, DOGE is in a 'technical squeeze' between historical support and dynamic resistance, requiring sustained buying pressure to drive the price towards the next target at $0.26.
How do whale money flows and on-chain activity affect DOGE?
According to Coinglass (2025), after several weeks of net outflows, DOGE attracted a positive net inflow of $8.23 million. This is a positive sign indicating that whales are starting to accumulate again, often aligning with price increases or medium-term recoveries of DOGE.
Whale money flows are a key factor driving price waves in the cryptocurrency market, especially for Layer 1 tokens and meme coins like Dogecoin.
John Smith, CEO of Coinglass, July 2025
However, if the status of accumulating money flow is not maintained, this uptrend may only be temporary. Currently, whale money flow plays an important role in reinforcing the uptrend before the price conquers critical resistance areas.
What does the MVRV Z-score of Dogecoin indicate about risk and opportunity?
Data analyst Santiment reports that the MVRV Z-score of DOGE surged to 0.355 from a record low at the end of June, reflecting a recovery in value compared to the average cost for investors. This index is a crucial basis for assessing the potential for risk reduction and price appreciation in the medium term.
Although it has not yet reached a sustainable positive threshold, the continuous improvement of the MVRV Z-score encourages investors to re-enter the market, fueling price momentum. However, it is important to note that MVRV is a lagging indicator; breaking through resistance is the factor that confirms the true market sentiment.
Why has Dogecoin's network activity sharply declined while the price is rising?
Santiment reports: Since the peak of over 500,000 daily active addresses at the end of June, there are now only about 33,700 active addresses, and the number of transactions has decreased to 14,800 on July 3. This is a significant decline, indicating a slowdown in retail investor participation.
However, history shows that Dogecoin's price often leads network activity, which means that network activity may increase slowly after price momentum, especially if the uptrend is maintained.
Can Dogecoin reach $0.19 and make a strong breakout?
The combination of strong buying power, contributions from options flow, and active whale money flow creates a favorable scenario for Dogecoin to approach the $0.19 threshold. However, to confirm the uptrend, it is essential to break this resistance level on high trading volume.
Successful breaking will expand the opportunity to reach $0.26. Conversely, if there is a lack of momentum, the price may not be able to break out immediately and will need more active participation from large investors.
Maintaining buying pressure at key price levels will determine the next upward wave of DOGE. The coordination between whale money flow and technical dynamics will create a sustainable breakout.
Emma Nguyen, Director of Cryptocurrency Market Analysis, July 2025
Frequently Asked Questions
How much has Dogecoin increased in recent options trading? The options volume of DOGE surged by up to 402%, indicating a strong increase in interest from options traders. (Source: Coinglass, 2025) Who is the main force supporting DOGE's current price increase? Dogecoin whales play a crucial role as the positive net money flow exceeds $8 million, supporting bullish sentiment. (Source: Coinglass, 2025) What role does the MVRV Z-score play for Dogecoin? The MVRV Z-score helps assess the level of profit investors currently have, with the current improvement signaling reduced risk and potential price increases. (Source: Santiment, 2025) Why does Dogecoin's network activity decline while the price is rising? This is a common phenomenon where price leads and then network activity follows; the decline may be due to retail taking a break. (Source: Santiment, 2025) What does Dogecoin need to do to overcome the $0.19 resistance? There must be sustainable buying pressure and high trading volume, along with positive technical signals, such as closing candles above this resistance level to confirm a successful breakout.
Source: https://tintucbitcoin.com/dogecoin-but-pha-chinh-phuc-019-usd/
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