Dogecoin price rises 1.55% as bulls defend breakout above $0.208 support cluster
Dogecoin (DOGE) extended its recovery on July 31, rising 1.55% intraday to trade near $0.223. The move comes as the asset consolidates just below the $0.224–$0.225 resistance band, following a breakout from its multi-month descending channel.
Highlights
- Dogecoin price rose 1.55% to $0.223 while holding above the 100 and 200 EMA support levels.
- DOGE’s RSI has cooled to 52.21 after overbought conditions, supporting a neutral-to-bullish bias.
- Positive $7.32M net inflow on July 31 signals modest accumulation at current price levels.
Although the latest push met resistance near the upper range, the broader price structure remains intact, with DOGE price maintaining its position above major exponential moving averages.
DOGE price forecast (Source: TradingView)
On the daily chart, the asset has reclaimed the 100 EMA at $0.208 and the 200 EMA at $0.203. These levels now act as key support, particularly after the asset’s earlier rejection from the $0.29 high. With the 20 and 50 EMA ribbons still sloping upward, technical momentum remains constructive. The Relative Strength Index has cooled from overbought levels and now reads 52.21, suggesting the recent correction may be a pause rather than a reversal.
On-chain flows reflect constructive positioning
Data from July 31 shows Dogecoin net inflows of $7.32 million, reversing a trend of consistent outflows. This reflects moderate accumulation at support levels rather than aggressive profit-taking. While the inflows are not yet strong enough to signal breakout momentum, they provide evidence of buyer interest returning near the EMA support zone.
The near-term pivot remains at the $0.224 resistance. A successful close above this level would signal bullish continuation toward $0.29. However, a break below $0.208 could prompt a test of the $0.203–$0.193 consolidation band, with bears regaining short-term control.
As previously analyzed, Dogecoin had confirmed a breakout from its long-standing downtrend channel earlier in July. With the current structure still holding above key EMAs and RSI stabilizing, the setup remains broadly bullish unless critical support levels break.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
