Dogecoin has stabilized near $0.17 after a 4.6% decline, with strong support forming at the $0.166–$0.167 zone.
Despite recent weakness, the surge in large wallet accumulation and easing macro headwinds point to potential bullish continuation if price can break through technical resistance zones at $0.18, $0.21, and $0.36.
News Background
The cryptocurrency market is navigating a tense macro backdrop as escalating trade disputes and shifting central bank policies weigh on risk assets.
The temporary extension of the U.S. “Liberation Day” tariff pause to August 1 has offered some relief, while major banks now anticipate Federal Reserve rate cuts between 0.25% and 1% starting as early as July.
Meanwhile, Elon Musk’s surprise announcement of The American Party —a political platform rumored to incorporate blockchain-powered finance —has reignited interest in Dogecoin, particularly among large holders.
Whale accumulation of DOGE is up 112% over the past week, even as retail i
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