{"id":37278,"date":"2025-07-16T15:10:37","date_gmt":"2025-07-16T15:10:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=37278"},"modified":"2025-07-16T15:10:37","modified_gmt":"2025-07-16T15:10:37","slug":"bullish-signal-doge-prints-hammer-on-daily-close","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=37278","title":{"rendered":"Bullish Signal? DOGE Prints Hammer on Daily Close"},"content":{"rendered":"<div>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Dogecoin prints a bullish hammer as price rebounds from wedge support after 600 days of pattern formation.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">DOGE holds $0.19 level with volume surging, eyes $0.25 if current trend maintains strength.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Futures open interest spikes to $2.85M, funding rate positive, signaling trader confidence in upside.<\/span><\/li>\n<\/ul>\n<h2><b>Dogecoin Forms Hammer Pattern After Pullback<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">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<p><span style=\"font-weight: 400;\">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<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Dogecoin<\/a> has formed a hammer candlestick pattern at the daily close<\/p>\n<p>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 <a href=\"https:\/\/t.co\/8BhSysY6x6\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/8BhSysY6x6<\/a><\/p>\n<p>\u2014 Trader Tardigrade (@TATrader_Alan) <a href=\"https:\/\/twitter.com\/TATrader_Alan\/status\/1945408836011221003?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">July 16, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><b>Dogecoin Still Trading in Broadening Wedge<\/b><\/h2>\n<p><a href=\"https:\/\/cryptopotato.com\/dogecoin-doge-posts-biggest-daily-gains-as-bitcoin-btc-taps-109k-market-watch\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Dogecoin<\/span><\/a><span style=\"font-weight: 400;\"> 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<p><span style=\"font-weight: 400;\">Notably, the next <\/span><a href=\"https:\/\/x.com\/TATrader_Alan\/status\/1945444831528116332\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">target<\/span><\/a><span style=\"font-weight: 400;\"> 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<h2><b>Price Moves and Key Levels to Watch<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">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<p><span style=\"font-weight: 400;\"><em>CryptoPotato<\/em> <\/span><a href=\"https:\/\/cryptopotato.com\/dogecoin-bounces-off-0-19-heres-what-could-spark-the-next-rally\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\"> 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<p><span style=\"font-weight: 400;\">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<p><span style=\"font-weight: 400;\">Meanwhile, the funding rate remains positive at +0.0151% as of July 16, showing long traders are paying to hold positions.<\/span><\/p>\n<figure id=\"attachment_404549\" aria-describedby=\"caption-attachment-404549\" style=\"width: 2482px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-16-at-16.23.05.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-404549\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-16-at-16.23.05.png\" alt=\"DOGE funding rate\" width=\"2482\" height=\"644\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-16-at-16.23.05.png 2482w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-16-at-16.23.05-300x78.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-16-at-16.23.05-1024x266.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-16-at-16.23.05-768x199.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-16-at-16.23.05-1536x399.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-16-at-16.23.05-2048x531.png 2048w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-16-at-16.23.05-50x13.png 50w\" sizes=\"auto, (max-width: 2482px) 100vw, 2482px\"><\/a><figcaption id=\"caption-attachment-404549\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bullish-signal-doge-prints-hammer-on-daily-close\/\" rel=\"nofollow\">Bullish Signal? DOGE Prints Hammer on Daily Close<\/a> appeared first on <a href=\"https:\/\/wordpress-433650-5559317.cloudwaysapps.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-37278","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37278"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37278\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}