Dogecoin trades at $0.07208 on July 14, up 0.28% and hugging the lower Bollinger Band as a bullish RSI divergence competes with sharp criticism from hedge fund manager Mark Yusko. Price has shed roughly 37% since its May peak near $0.115, leaving DOGE pinned below its 20-day Bollinger midline with the options market showing its first real sign of activity in weeks.
The daily chart shows DOGE sitting between the lower Bollinger Band at $0.07028 and the middle band at $0.07411. Price touched $0.07136 intraday before recovering, keeping the lower band in play as immediate support. The upper band at $0.07793 defines the ceiling of any near-term bounce.
The RSI divergence indicator at 34.13 is the most telling signal on the chart. A bearish divergence flagged during May’s peak correctly called the subsequent selloff. A bullish divergence has since printed in early July as the RSI bottomed near oversold levels while price continued grinding lower. That setup has preceded recoveries before, but it needs a volume catalyst to follow through, and none has arrived yet.
What Are The Key Support And Resistance Levels For DOGE Today?
- Support at $0.07028 on the lower Bollinger Band and $0.07136 intraday low
- Resistance at $0.07411 on the 20-day Bollinger midline
- Extended resistance at $0.07793 on the upper Bollinger Band
Volume rose 6.54% to $718.21M while open interest slipped 1.43% to $1.00B, a combination that suggests traders are closing positions rather than adding new ones. Options volume more than doubled at 101.75%, pointing to a growing group hedging or betting on a directional move rather than trading spot.
Liquidations over 24 hours show longs losing $2.15M against just $210.51K for shorts, meaning leveraged buyers are absorbing most of the pain. The overall long/short account ratio sits at 0.8352, leaning slightly bearish. Top traders on Binance hold a 3.08 long/short ratio on accounts and 2.19 on positions, a wide gap between where retail sentiment sits and where larger players are positioned.
Morgan Creek Capital founder Mark Yusko compared Dogecoin directly to SpaceX in a recent interview, using both as examples of assets where insiders dominate supply while retail investors carry the risk. He argued that Musk and Mark Cuban hold the dominant share of DOGE, and that a single large sale from Musk would push the price to zero. Yusko described the retail holder base as a cult and framed their position as exit liquidity for early insiders rather than a genuine investment.
The commentary adds headline risk to DOGE at a price level that is already technically fragile. The argument is not new, but it lands while the token is down more than a third from its 2026 highs with no clear recovery catalyst in sight.
- Upside case: The bullish RSI divergence holds, DOGE reclaims the Bollinger midline at $0.07411, and rising options activity builds toward a squeeze that pushes price toward the upper band at $0.07793.
- Downside case: The lower Bollinger Band breaks at $0.07028, long liquidations accelerate, and DOGE slides toward $0.065 with the Yusko narrative adding selling pressure on any bounce attempt.
