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<h2 id="tldr">TLDR</h2><ul><li>Dogecoin broke above a descending trendline on Saturday, hinting at a possible short-term shift in momentum.</li><li>DOGE is trading near $0.07052, with resistance at $0.0710 and support at $0.07.</li><li>Whales added 680 million DOGE, worth about $48 million, according to on-chain data.</li><li>Analyst KrissPax flagged the trendline break, but buyers have not yet cleared resistance.</li><li>Analyst dogegod linked the whale buying to expectations of a Fed rate cut.</li></ul><p>Dogecoin is trading at $0.07052 as of this writing. The coin has a 24-hour trading volume of $306.98 million and a market cap of $12.06 billion, according to CoinMarketCap.</p><p>The price has held fairly steady over the past day. But the chart and whale activity point to a possible move ahead.</p><p>DOGE broke above a descending trendline on Saturday. This is a pattern that had been pressuring the price lower for several sessions.</p><p>Crypto analyst KrissPax posted about the move on X. He said the break signaled a possible shift in short-term market momentum for Dogecoin.</p><div class="embed-x"><blockquote class="twitter-tweet"><p>Dogecoin broke above it's sloping downtrend on Saturday but failed to hold above $0.0710 resistance, so continues to trade in a sideways channel just above $0.07. <a href="https://x.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a><a href="https://t.co/C7LaIS3AJN" rel="noopener noreferrer nofollow">pic.twitter.com/C7LaIS3AJN</a></p><p>— KrissPax (@krisspax) <a href="https://x.com/krisspax/status/2086436065661923744?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 9, 2026</a></p></blockquote></div><p>Buyers were not able to hold the breakout, though. DOGE ran into resistance near $0.0710 and pulled back into a narrow range.</p><p>The coin has stayed slightly above $0.07 since then. Traders appear to be waiting for a clearer signal before making a bigger move.</p><h2 id="whale-buying-adds-to-the-picture">Whale Buying Adds to the Picture</h2><p>Separate data shared by analyst dogegod on X showed large holders adding to their DOGE positions. Whales reportedly bought 680 million DOGE, worth close to $48 million.</p><div class="embed-x"><blockquote class="twitter-tweet"><p>Dogecoin whales scooped up another 680 million <a href="https://x.com/search?q=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$Doge</a> ahead of fed rate cut buzz.</p><p>Equivalent to $48m. <a href="https://t.co/VZVWO4Tpv5" rel="noopener noreferrer nofollow">pic.twitter.com/VZVWO4Tpv5</a></p><p>— dogegod (@_dogegod_) <a href="https://x.com/_dogegod_/status/2086189493741404483?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 8, 2026</a></p></blockquote></div><p>Dogegod tied the buying to expectations that the Federal Reserve may lower interest rates soon. Lower rates can increase liquidity and push more money into speculative assets like DOGE.</p><p>If whales keep accumulating, fewer tokens may be available for sale on exchanges. That alone would not guarantee a rally, though.</p><p>Price direction will still depend on several things. These include Fed signals, overall market sentiment, trading volume, and continued whale activity.</p><h2 id="what-could-happen-next">What Could Happen Next</h2><p>The next move for DOGE likely hinges on the $0.0710 level. A close above that price could support further gains.</p><p>A drop below $0.07 would remove the recent support level. That could open the door to renewed selling pressure.</p><p>For now, DOGE remains in a tight range between these two price points. Traders are watching for a decisive close in either direction.</p><p>At the time of writing, DOGE sits at $0.07052, just above the $0.07 support level and below the $0.0710 resistance level.</p><p>The post <a href="https://blockonomi.com/dogecoin-doge-price-holds-near-0-07-support-after-trendline-break/" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Price: Holds Near $0.07 Support After Trendline Break</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.</p>

Dogecoin (DOGE) Price: Holds Near $0.07 Support After Trendline Break

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