{"id":81335,"date":"2025-07-16T15:05:54","date_gmt":"2025-07-16T15:05:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=81335"},"modified":"2025-07-16T15:05:54","modified_gmt":"2025-07-16T15:05:54","slug":"bullish-signal-doge-prints-hammer-on-daily-close","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=81335","title":{"rendered":"Bullish Signal? DOGE Prints Hammer on Daily Close"},"content":{"rendered":"

TL;DR<\/p>\n

Dogecoin prints a bullish hammer as price rebounds from wedge support after 600 days of pattern formation.<\/span>
\nDOGE holds $0.19 level with volume surging, eyes $0.25 if current trend maintains strength.<\/span>
\nFutures open interest spikes to $2.85M, funding rate positive, signaling trader confidence in upside.<\/span><\/p>\n

Dogecoin Forms Hammer Pattern After Pullback<\/h2>\n

A daily hammer candlestick has appeared on Dogecoin\u2019s chart, often seen as a sign of a shift in momentum. The pattern formed after a recent pullback, showing that sellers drove the price down, but buyers stepped in to push it back near the day\u2019s opening level.<\/span><\/p>\n

Trader Tardigrade pointed out the formation on X, saying it may mark the end of the recent dip. A hammer pattern doesn\u2019t confirm a move by itself, but when it forms at support, it often draws attention from traders looking for a reversal.<\/span><\/p>\n

#Dogecoin<\/a> has formed a hammer candlestick pattern at the daily close<\/p>\n

A hammer candlestick pattern is a bullish reversal indicator that typically appears at the bottom of a downtrend or the end of a consolidation phase. It is characterized by a small body at the upper end of\u2026 pic.twitter.com\/8BhSysY6x6<\/a><\/p>\n

\u2014 Trader Tardigrade (@TATrader_Alan) July 16, 2025<\/a><\/p>\n\n

Dogecoin Still Trading in Broadening Wedge<\/h2>\n

Dogecoin<\/span><\/a> has been moving inside a large ascending broadening wedge for over 600 days. The price bounced off the lower trendline again, which in the past has led to strong moves toward the upper band.<\/span><\/p>\n

Notably, the next <\/span>target<\/span><\/a> in this setup sits around the $1 level. That line has acted as a magnet during past breakouts. However, traders still need to see price strength and volume support before assuming another run is underway.<\/span><\/p>\n

Price Moves and Key Levels to Watch<\/h2>\n

DOGE was trading at $0.2 at press time, up 5% in the last 24 hours and more than 16% over the past week. Trading volume has climbed to $5.8 billion, showing renewed activity as the largest meme coin holds above the key $0.19 level.<\/span><\/p>\n

CryptoPotato<\/em> <\/span>reported<\/span><\/a> that if the price holds this range, it may push toward $0.25. If the move loses steam and DOGE drops under $0.19, the pattern may weaken, and momentum could slow. Support remains near $0.19, with resistance around $0.25.<\/span><\/p>\n

Open interest in DOGE futures has jumped, along with a rise in options activity. According to Coinglass, options volume rose by over 155%, while total open interest reached $2.85 million.<\/span><\/p>\n

Meanwhile, the funding rate remains positive at +0.0151% as of July 16, showing long traders are paying to hold positions.<\/span><\/p>\n

<\/a>Source: Coinglass<\/p>\n

The post Bullish Signal? DOGE Prints Hammer on Daily Close<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Dogecoin prints a bullish hammer as price rebounds from wedge support after 600 days of pattern formation. DOGE holds $0.19 level with volume surging, eyes $0.25 if current trend maintains strength. Futures open interest spikes to $2.85M, funding rate positive, signaling trader confidence in upside. Dogecoin Forms Hammer Pattern After Pullback A daily hammer […]<\/p>\n","protected":false},"author":0,"featured_media":81336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/81335"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=81335"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/81335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/81336"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=81335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=81335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=81335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}