As of July 2, 2025, Dogecoin (DOGE) is trading at $0.1618, marking a 0.375% increase from the previous close. The cryptocurrency has climbed over 2% since early Asian trading hours, recovering from Monday's drop from $0.1663 to $0.1567. (Source: CoinDesk, July 2, 2025)
CoinDesk's AI research indicates DOGE has formed a "double bottom pattern" around the $0.1570-$0.1580 range, supported by above-average trading volume. This pattern suggests a possible shift from a bearish to a bullish trend. A move above the previous recovery high would typically confirm this reversal.
However, DOGE remains in a broader bearish trend with lower highs since mid-May. A decisive move above the $0.17 resistance level, established over the weekend, is needed to invalidate the current bearish setup. Investors should monitor market sentiment and external factors. (Source: CoinDesk, July 2, 2025)