Dogecoin (DOGE) Price Prediction for July 8

Dogecoin price today is hovering near $0.171 after briefly spiking above $0.175 earlier this week. While the broader structure remains compressed, DOGE has pushed off its $0.16 support level with a strong impulse move, but now faces significant overhead resistance near $0.175–$0.180. The next 24–48 hours could prove critical for price direction.

What’s Happening With Dogecoin’s Price?

DOGE price forecast (Source: TradingView)

Dogecoin price has climbed over 5% off the July 3 low of $0.162, with bulls attempting to reclaim ground above key trendlines. On the 4-hour chart, DOGE has broken above a falling wedge structure and is now consolidating just beneath the upper Bollinger Band at $0.174, while the mid-band supports at $0.1665.

Parabolic SAR dots have flipped beneath price action, confirming a shift toward bullish control in the short term.

DOGE price forecast (Source: TradingView)

From a Smart Money Concepts (SMC) perspective, DOGE has maintained structure above the latest BOS level near $0.158 and is now retesting a prior CHoCH zone between $0.170–$0.175. Price is trading within a tight liquidity pocket, indicating that bulls are cautiously attempting to absorb supply near a historical resistance band.

Why Dogecoin Price Going Up Today?

DOGE Derivative Analysis (Source: Coinglass)

The recent rally in Dogecoin price today is largely fueled by growing momentum in the derivatives market. According to Coinglass data, DOGE volume surged 275% to $4.98B in the last 24 hours, with open interest climbing nearly 8%. The Binance top trader long/short ratio stands at 2.74, while the overall long bias across exchanges is above 2.0 — reflecting firm bullish expectations.

DOGE price forecast (Source: TradingView)

On the 30-minute chart, RSI is retreating from overbought territory and now sits around 45.2, signaling a cool-off but not a full reversal. MACD on the same timeframe is showing a weakening bullish crossover, with the histogram contracting — suggesting consolidation after the sharp push from sub-$0.165 levels.

DOGE price forecast (Source: TradingView)

The DMI on the 4-hour chart shows a bullish ADX structure, with +DI leading and rising. Meanwhile, the Supertrend indicator has flipped bullish around $0.1627, with DOGE holding well above that level since the July 4 breakout.

DOGE Price: Bollinger Bands and VWAP Point to Short-Term Compression Break

DOGE price forecast (Source: TradingView)

The Bollinger Bands on the 4-hour chart are expanding following a prior squeeze. DOGE briefly tagged the upper band near $0.176 before pulling back toward the mid-line. This classic volatility breakout setup implies that the next move could be significant if volume sustains. The 20/50/100/200 EMAs are now converging between $0.1668 and $0.1734. This EMA compression suggests a volatility breakout may be building.

DOGE price forecast (Source: TradingView)

On the 30-minute chart, price is trading slightly below the VWAP ($0.175) and SAR dots are again appearing above price, signaling some intraday rejection. However, unless DOGE breaks below the $0.166–$0.168 zone, the structure remains favorable for buyers.

DOGE price forecast (Source: TradingView)

Longer-term trendlines from the daily chart also show DOGE testing a descending resistance line around $0.175 — a breakout from this zone could unlock upside momentum toward the $0.19–$0.20 levels, where prior liquidity resides.

Dogecoin Price Prediction: Short-Term Outlook (24H)

Dogecoin price remains compressed within a short-term ascending channel and is approaching a decision point around $0.175. If bulls can reclaim this zone with volume and close above it, the next target lies at $0.185 and then $0.198.

On the downside, if rejection continues, immediate support is seen at $0.166, with a deeper pullback opening the door to $0.158 — which served as the last BOS zone on the daily SMC structure.

With derivatives data showing a long-heavy skew, and the Supertrend and EMAs turning constructive, momentum appears cautiously in favor of bulls. However, DOGE must clear $0.175 decisively to confirm the breakout.

Dogecoin Price Forecast Table: July 8, 2025

Indicator/Zone Level / Signal Dogecoin price today $0.171 Resistance 1 $0.175 (descending trendline) Resistance 2 $0.185 / $0.198 (liquidity pocket) Support 1 $0.166 (VWAP / Bollinger mid-band) Support 2 $0.158 (prior BOS level) RSI (30-min) 45.2 (cooling but neutral) MACD (30-min) Weak bullish crossover fading Bollinger Bands (4H) Expanding, near upper band rejection EMAs (20/50/100/200, 4H) Compressed, bullish alignment Supertrend (4H) Bullish above $0.1627 Derivatives Volume +275%, with long-dominant bias SMC Structure Retesting CHoCH above BOS zone

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