Dogecoin rebounded aggressively during the July 18 06:00 to July 19 05:00 session, recovering from steep mid-session losses to close with a sharp 8% gain. The token carved out a volatile $0.2267–$0.2560 range, bouncing off the $0.2267 session floor after heavy selling pressure and surging to tag $0.2561 in the final stretch. Bit Origin’s $500 million treasury move and mounting DOGE ETF chatter helped restore confidence as volume surged above key thresholds throughout the recovery. What to Know DOGE bounces 8% in volatile trading, closing at $0.2533 after dipping as low as $0.2267 Volume spikes to 1.66 billion in final hour as bulls reclaim control and retake $0.25 resistance Bit Origin commits $500 million to DOGE treasury strategy; ETF speculation adds fuel with 80% approval odds by Sept. News Background Bit Origin announced a $500 million institutional allocation plan to build DOGE-denominated treasury reserves, marking the largest known corporate move into the meme coin to date. The announcement coincided with a broader resurgence in the memecoin market, which has gained $17 billion this month. Meanwhile, traders are pricing in an 80% chance of a DOGE ETF approval by September, according to prediction platform Polymarket. These developments come as DOGE breaks out from a 10-month consolidation phase. Price Action Summary The 24-hour session opened at $0.2437, before sellers dragged DOGE to $0.2267 around 20:00. Volume surged to 1.102 billion—well above the 873.9 million average—as whales defended key support levels. A sharp post-midnight reversal pushed DOGE to $0.2533, delivering a 7.7% rebound off session lows. In the final hour, DOGE traded within a tight 1.85% band between $0.2514 and $0.2561. Price hit session highs at 04:34 before retreating slightly on profit-taking. Notably, volume exploded to 1.66 billion during the rally and exceeded 45 million during the peak formation, signaling institutional participation. Technical Analysis Trading range: $0.2267–$0.2561 (12.94% intraday spread) Support: Established at $0.2267 on 1.1 billion volume surge during drawdown Resistance: Clean break of $0.2500; local top at $0.2561 before final pullback Volume Trends: Final-hour surge to 1.66 billion validates strength of recovery Short-term Momentum: Strong bounce suggests $0.2500 may flip to support Next Resistance: Analysts eye $0.2670 and $0.2825 zones if rally holds What Traders Are Watching DOGE’s ability to hold above $0.25 will be key for any continuation higher. Traders are monitoring ETF headlines and broader memecoin sentiment, while breakout targets of $0.36 to $1.00 are now in play if institutional flows continue. The current volume profile supports short-term consolidation before a possible next leg up. 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.
