Dogecoin (DOGE) Price: Trump’s Crypto Comments Lift Sentiment as Bullish Momentum Builds

TLDR

• Dogecoin is trading near $0.077, holding a key support zone at $0.075
• President Trump said “I’ve become a big crypto guy, I’m a fan,” boosting market sentiment
• Whale holdings rose to 73.85 billion DOGE, a positive on-chain signal
• Analyst Ali Charts flagged nearly 50,000 active addresses on the Dogecoin network
• Key upside targets are $0.081, $0.090, $0.10, and $0.12 if bulls confirm a breakout

Dogecoin is trading near $0.077 after holding steady through the weekend. The meme coin posted a gain of more than 5% over the past week and is now sitting just above a key support level that traders are watching closely.

The broader crypto market also improved. The total market cap rose 1.04% to $2.19 trillion in 24 hours, with Bitcoin, Ethereum, XRP, and Solana all posting small gains.

Crypto analyst Ali Charts posted on July 5 that Dogecoin network activity had climbed to nearly 50,000 active addresses, writing “Something is brewing.” Active addresses near that level are seen as a sign of renewed user engagement on the network.

Whale wallets holding more than 1 billion DOGE increased their total balance to 73.85 billion tokens. Whale transactions did cool to 12 on Sunday, but the total balance growth is seen as a constructive signal.

Derivatives data from Coinglass showed DOGE trading volume rising 31% to $1.26 billion. Open interest slipped slightly by 0.32% to $1.04 billion, pointing to limited new leverage entering the market.

On the technical side, the RSI is sitting near 51.52, which reflects neutral momentum. The Chaikin Money Flow reading is positive at 0.08, showing small but steady capital flows into DOGE.

Key Support and Resistance Levels to Watch

Analyst Jesse Peralta’s chart shows DOGE holding inside a long-term rising channel, with the current price sitting near the lower boundary. The $0.075 to $0.076 range is the first support zone to defend.

If DOGE holds above $0.075, the next target is $0.081. Above that, analysts are pointing to $0.090, $0.10, and $0.12 as further recovery targets. If price falls below $0.075, the next support zone sits between $0.070 and $0.068.

Analyst Celal Kucuker noted that DOGE has broken its long-term descending trendline and is now retesting it. A successful retest could turn that old resistance into new support and open the path toward $0.12.

Trump’s Crypto Comments Boost Market Mood

Crypto analyst That Martini Guy posted on X in response: “Bitcoin is now impossible for politicians to ignore. That’s a very different world to the one we were living in just a few years ago.” The post highlighted that Trump’s shift in tone reflects a wider change in how politicians now engage with digital assets.

Bitcoin had earlier dropped more than 2% after Strategy filed a disclosure showing it disposed of approximately 216 million BTC. Bitcoin then recovered, rising 1.66% to $63,716 following Trump’s remarks.

The monthly chart from Ali Charts also shows a TD Sequential buy signal on DOGE near the $0.077 area, which some traders read as a sign of price exhaustion after a long period of weakness.

DOGE is currently trading at $0.07648, with $0.075 as the first level bulls need to hold.

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