TLDR
- Dogecoin jumped 5% from $0.163 to $0.171 with huge buying and selling quantity on July 6
- Buying and selling quantity spiked to 1.14 billion through the largest value transfer – practically 6 occasions day by day common
- Whale traders holding 1M-100M DOGE have been accumulating since June 28
- Sturdy help shaped at $0.166 with resistance at $0.173-$0.175 zone
- NBA legend Scottie Pippen included DOGE in his cryptocurrency watch checklist
Dogecoin skilled a pointy 5% value improve over the previous 24 hours, climbing from $0.163 to $0.171. The surge got here with heavy buying and selling quantity and technical breakouts above key resistance ranges.
Probably the most dramatic value motion occurred between 12:00 and 13:00 UTC on July 6. Throughout this one-hour window, DOGE jumped from $0.166 to $0.173.
Buying and selling quantity throughout this era reached 1.14 billion tokens. This represented practically six occasions the day by day common quantity for the memecoin.
The worth motion established robust help on the $0.166 degree. A number of checks of this value level confirmed sustained shopping for strain from traders.
Following the preliminary surge, Dogecoin consolidated between $0.170 and $0.173. The token examined resistance at $0.173 a number of occasions throughout night buying and selling hours.
On-Chain Information Exhibits Whale Accumulation
Blockchain information reveals altering investor conduct patterns. Smaller retail holders have been exiting their positions in latest weeks.
In the meantime, whale traders have been accumulating DOGE tokens. Addresses holding between 1 million and 100 million tokens have steadily elevated their holdings since June 28.
This whale accumulation suggests institutional confidence in Dogecoin’s value prospects. Massive traders sometimes take positions primarily based on longer-term outlooks quite than short-term buying and selling.
The buildup sample signifies potential positioning forward of bigger value actions. Institutional shopping for typically precedes main rallies in cryptocurrency markets.
Technical Resistance Ranges in Focus
Analysts are monitoring the $0.173 to $0.175 value zone as fast resistance. A clear break above this degree might open the trail to $0.180.
Past $0.180, the subsequent main resistance sits at $0.21. This degree represents a key psychological barrier for the token.
Latest buying and selling confirmed quantity spikes of 12.8 million at 01:16 UTC and eight.0 million at 01:36 UTC. These spikes recommend continued bullish momentum amongst merchants.
The $0.166 help degree stays crucial for sustaining the present uptrend. Sturdy quantity at this degree has offered a basis for additional beneficial properties.
Consolidation between present ranges might proceed earlier than the subsequent main transfer. The tight buying and selling vary signifies constructing strain for a breakout.
Former NBA star Scottie Pippen added Dogecoin to his cryptocurrency watch checklist on social media. His put up included DOGE alongside Bitcoin, Ethereum, and different main tokens.
Bitcoin is my #1 however I am constructing my watch checklist. What cash are you watching?
I bought my picks…$ETH $SOL $BNB $XRP$Ball aka @Game5Ball$ADA $DOGE $SHIB $LINK $CRO What else you bought? Drop your crypto picks.
— Scottie Pippen (@ScottiePippen) July 6, 2025
The six-time NBA champion listed Bitcoin as his best choice. Nevertheless, he expressed curiosity in constructing a diversified cryptocurrency portfolio.
Pippen’s watch checklist contains Ethereum, Solana, XRP, BNB, Cardano, Dogecoin, Shiba Inu, Chainlink, and Cronos. He additionally talked about his personal token known as BALL.
The social media put up obtained 1,700 likes however had restricted fast affect on DOGE’s value. Market uncertainty round US tariff insurance policies has dampened superstar endorsement results.
Pippen has made controversial statements about cryptocurrency in latest months. He beforehand claimed to have met Bitcoin creator Satoshi Nakamoto in 1993, which many contemplate implausible.
The current price action happens as President Trump’s tariff deadline approaches on July 9. Market individuals stay cautious about potential coverage impacts on danger belongings.
Elon Musk’s launch of The American Social gathering has generated hypothesis about DOGE integration. The potential for funds on X platform continues to drive curiosity in the token.
