Dogecoin Technical Analysis

Looking at the daily chart, after last year’s rally, Dogecoin has rebounded from the accumulation zone that initiated that move. The price regained upward momentum without losing this zone. As it made positive internal breakouts, it retested the area again and received another bullish response, forming new highs. 

Currently, the price has successfully held above the $0.191 level, which was previously a resistance but now acts as a strong support. On lower timeframes, the next key level to break is $0.212. If Dogecoin faces another rejection here, and if the overall market pulls back, the price could decline to around $0.140. However, the $0.191 support continues to hold well. 

The next resistance level is at $0.250. If this level is surpassed, the price could test higher levels rapidly. The major resistance zone for DOGE stands at $0.288. A clear breakout above this area would indicate that DOGE has entered a full bullish trend. 

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The post Dogecoin Technical Outlook and Commentary – 07.08.2025 appeared first on Coin Engineer.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

According to blockchain data, the Melania token team sold $630,000 worth of tokens on April 26 and another $930,000 on April 28. Lookonchain flagged the sales, suggesting a dollar-cost averaging (DCA) strategy, a method where a fixed amount is sold at regular intervals to minimize volatility impact.

MELANIA Token Recovers, but Risks Persist

While MELANIA token has risen over 21% this week, it is still trading far below its all-time high of $13.7, recorded on January 20 — the date of U.S. President Donald Trump’s inauguration, per CoinMarketCap data.

Meanwhile, some large investors are betting against political-themed memecoins. A newly created whale wallet opened a 2x leveraged short position worth $1.33 million USDC against the Official Trump (TRUMP) token, indicating bearish sentiment.

Is the Memecoin Craze Fading?

Memecoins accounted for 27% of the global cryptocurrency narrative in Q1 2025, second only to AI tokens, according to a CoinGecko report. However, the underwhelming performance of the TRUMP token and a significant drop in Pump.fun activity — from 2.85 million to 1.44 million active wallets — suggest the memecoin supercycle might be winding down.

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The post Melania Memecoin Team Sells $1.5M Worth of Tokens! appeared first on Coin Engineer.