What to know:

• DOGE rallied 5.05% between July 13 06:00 and July 14 05:00, rising from $0.200 to $0.210 with a total trading range of $0.01 (6% volatility).
• The breakout above $0.200 resistance was confirmed by back-to-back volume spikes of 615.53M and 581.80M during the 03:00–04:00 session.
• Institutional accumulation was visible as volume exceeded the 24H average (268.45M) throughout late trading.
• Futures volume reached $1.50B, driven by multiple +$1M transactions across major derivatives venues.

News Background
DOGE’s breakout coincided with a broader crypto uptrend led by easing Fed rate expectations and a thaw in BRICS–U.S. trade tensions.
Derivatives market activity surged, with DOGE futures open interest and volume reaching their highest levels this month. Whale-led flows dominated on-chain metrics, while traders took aim at $0.213–$0.215 as the next resistance cluster.
Bitcoin’s new all-time high of $118,000 provided risk-on momentum across meme and altcoin sectors.

Price Action Summary

• Range: $0.01 | Low: $0.200 → High: $0.210
• Breakout Time: 03:00–04:00, peak volume at 615.53M
• Support: $0.200 (22:00 session, volume 296.12M)
• Resistance: $0.208–$0.210 into session close
• Final Hour (04:05–05:04): DOGE climbed from $0.200 → $0.210 (+1%)
• Key Spike: 04:47 breakout, volume 26.32M confirmed final lift above $0.21

Technical Analysis

• DOGE broke through key resistance at $0.200 with triple-digit million volume
• High-conviction buyers defended $0.200 through retracement attempts
• Late-session move showed sustained demand — no sharp sellback into close
• Overall trend: rising volume, higher lows, momentum into close = bullish continuation setup
• Next resistance zones: $0.213 (prior rejection point), then $0.218–$0.220

What Traders Are Watching

• Does DOGE hold above $0.208–$0.210? Consolidation here may signal base-building for a push to $0.215+
• Breakdown below $0.198 invalidates bullish structure
• Watch futures OI and whale wallets for confirmation of trend extension or exit flows

Takeaway
DOGE’s late-session breakout was clean, real, and institutional. With volume crossing 615M and futures activity spiking, meme coin flows are no longer retail-led. $0.200 is the new base — and bulls are now watching for a $0.213 breakout.

As macro tailwinds align with whale accumulation, DOGE may be setting up for its next leg — with volatility and liquidity to match.

(Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.)

Bitcoin (BTC) extended its breakout to a new all-time high of $122,000 on Monday, triggering a broad crypto rally as ETF inflows, short liquidations, and policy optimism from Washington continued to buoy a bullish mood.

Ether (ETH) broke through $3,000, supported by $383 million in ETF inflows on Friday. Majors tokens have surged in the past week amid BTC’s strength.

XRP (XRP) trading near $2.95, up 30% on a weekly basis, Solana’s SOL reclaiming the $167 level, and dogecoin (DOGE) jumping over 20%, fueled by retail rotations and memecoin chatter.

This mirrors patterns observed in previous cycles, where a BTC rally acts as a liquidity unlock for the broader market. If macroeconomic conditions hold and bitcoin stabilizes above $ 120,000, further upside in large-cap altcoins appears likely in the coming weeks, traders opine.

With the U.S. kicking off “Crypto Week” in Congress, a series of hearings aimed at making America the “crypto capital of the world,” traders are positioning for legislative tailwinds.

“Crypto prices benefited from the major melt-up fervor with BTC trading up to the high $118K area, liquidating over $1 billion in shorts,” said Augustine Fan, Head of Insights at SignalPlus, in a Telegram message.

“Market sentiment is likely to stay frothy into the summer, with the only real risk catalyst being a complete breakdown of tariff negotiations, but the ball is sitting with the President on how aggressive he wants to push his current hand,” Fan added.

Strong on-chain support at $109,000, along with cross-asset flows from equities into digital assets, is giving bulls more confidence. As Eugene Cheung, CCO at OSL, put it: “The trend remains bullish. We could see Bitcoin test $130K–$150K by year-end if macro winds cooperate.”

Meanwhile, equity-index futures in the U.S. and Europe retreated early Monday after Trump announced a 30% tariff on goods from the European Union and Mexico, escalating trade tensions that had already rattled Brazil, Algeria, and Canada last week.

S&P 500 contracts fell 0.4%, while Europe’s Stoxx 600 futures dropped 0.6% as of Asian morning hours. Silver gained to trade near levels last seen in 2011, suggesting broader market interest in hard assets.

Read more: Bitcoin, Ether Traders Bet Big With Tuesday’s U.S. Inflation Data Seen as Non-Event

More than $680 million in crypto positions were liquidated over the past 24 hours with short traders taking the bulk of the pain as a bitcoin (BTC) breakout above $121,000 triggered a chain reaction across derivatives markets.

Roughly $426 million of the total liquidations came from bearish bets, according to Coinglass data, making it one of the largest weekend liquidation events in recent months. The largest single order, a $92.5 million BTC short, was flushed on HTX.

BTC alone saw $291 million in forced closures, with futures tracking ether (ETH) and XRP (XRP) following at $68 million and $17 million, respectively. XLM (XLM) and pepecoin (PEPE) also posted elevated activity, signaling that the squeeze extended deep beyond major tokens.

Meanwhile, dogecoin (DOGE), Solana’s SOL (SOL), and SUI (SUI) saw rising open interest, though with relatively smaller drawdowns, indicative of higher spot-based demand.

Liquidations occur when traders using leverage are forced to close their positions due to margin calls. While they often signal excessive positioning, they also serve as a reset mechanism for markets, flushing weak hands and clearing the way for new directional flow.

Bitcoin’s rally in the past week has sparked a broader breakout across major crypto assets. Traders say that market structure is evolving under the weight of institutional influence — with eyes on the $130,000 mark in the short term.

Read more: Bitcoin, Ether Traders Bet Big With Tuesday’s U.S. Inflation Data Seen as Non-Event