Despite Dogecoin’s ) spike, cryptocurrency punters doubt the memecoin will clear the $0.10 resistance before July ends.

Will $DOGE Breach $0.10?

Meanwhile, the odds that the price would plunge below $0.05 remained low at just 2%, indicating reduced expectations of extreme downside risk.

Will $DOGE’s Rally Stall?

The popular dog-themed coin rebounded sharply over the weekend, up about 7%, wiping out all the losses from earlier in the week.

Ali Martinez, a widely followed cryptocurrency analyst and trader, had issued a buy signal for $DOGE on Saturday, setting an upside target of $0.16 on the rebound. Since then, the coin has broken above $0.07.