Dogecoin (DOGE) Shows Bullish Momentum on Daily Chart

Dogecoin is flashing bullish signals as its price continues to trade above both the 9-day and 20-day EMAs—suggesting strong short-term upward momentum. The MACD has turned positive and continues to diverge above the signal line, a classic sign of strengthening bullish sentiment. Meanwhile, RSI is holding just below overbought territory, indicating continued buying pressure without showing immediate signs of exhaustion.

Key support levels are reinforced by large bid walls around $0.199 and $0.197, while resistance just above $0.202 remains a critical level to watch. A break above this zone could trigger a move toward the $0.22 and $0.239 regions.

With strong momentum, solid support, and positive market structure, traders and analysts are closely watching for a potential breakout—or a rejection that could reset the trend.

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Read the full analysis: www.ecoinimist.com/2025/07/12/dogecoin-price-break-out-rising-momentum