Dogecoin (DOGE) price continues to rise, but resistance looms

Dogecoin is showing signs of life again, with a price of $0.2016 and a 1.92% increase over the past 24 hours. Trading volume has reached $3.38 billion, clearly indicating that interest in the coin remains strong.

Still, not everyone is convinced: analysts are divided over the strength of the current move.

Key levels approaching

According to analyst Ali Martinez, the area around $0.19 is critical. That price line acts as strong support. As long as Dogecoin stays above that level, he believes the path toward $0.25 remains open. In the chart he shared, you can clearly see this level aligns with an ascending trendline that has been active since late 2023.
This long-term trend remains intact as long as $0.19 holds.

Dogecoin $DOGE must hold above $0.19. That level is acting as key support. If it sticks, the path toward $0.25 becomes much clearer. pic.twitter.com/QlpaW7DoPt

— Ali (@ali_charts) July 12, 2025

Daan Crypto is slightly more cautious. He points out that Dogecoin is currently battling the 200-day exponential moving average (EMA), around $0.202. That zone appears to be acting as resistance for now. A real breakout would only be convincing if the price manages to break above $0.26. Until then, he considers it a difficult entry point.

$DOGE - Pretty similar to SOL. In the middle of the range and battling the Daily 200EMA.

Think this structure isn’t the strongest but a break above $0.26 should be a good one to watch in case it gets there at some point.

Not really a place where I’d want to be trading this now. pic.twitter.com/hAKMsA6H4m

— Daan Crypto Trades (@DaanCrypto) July 12, 2025

Technical structure remains fragile

The current structure of Dogecoin looks technically weak, according to Daan Crypto. The chart shows a choppy pattern without clear direction. Although there’s upward momentum, obstacles remain at $0.21, $0.23 and especially $0.26. These zones previously acted as resistance and may do so again.

Still, the high trading volume and support at the $0.19 level create a slightly optimistic tone among traders. If the price closes above $0.21, more buyers may be drawn in.

For now, it remains to be seen whether Dogecoin can hold its support and push higher. But one thing is clear: the market is keeping a close eye on this dog.