Dogecoin is drawing attention this week as a series of technical indicators flip bullish, even as the memecoin trades in a tight range. Separately, LiquidChain, a Layer 3 infrastructure project, continues to build momentum in its presale, raising funds from investors looking for cross-chain solutions.
Buy signals pile up for DOGE
TradingView's MACD indicator has flipped to a buy signal on the DOGE/USD pair, while the TD Sequential indicator has flashed buy signals across monthly, weekly, three-day, and daily charts. The confluence of signals has caught the eye of analysts, with Ali Martinez flagging a potential upside target. Polymarket, the prediction market platform, currently gives DOGE a slim chance of a meaningful breakout before July ends, suggesting traders are cautious despite the technical setup.
LiquidChain presale gains traction
LiquidChain is positioning itself as a Layer 3 infrastructure project aimed at solving fragmentation across Bitcoin, Ethereum, and Solana. The project's presale has attracted steady interest, with the team reporting significant progress toward its funding goal. The current token price reflects early-stage pricing as the project builds out its cross-chain interoperability layer.
Traders eye end-of-month breakout
Analyst Peter Zhang describes the current DOGE setup as a 'coiled spring' between support and resistance, with neutral momentum. The bullish case hinges on buyers regaining control and pushing through overhead resistance with conviction. The base case is continued consolidation, while a bearish scenario would see a breakdown on rising volume. With July drawing to a close, traders are watching whether DOGE can muster the volume needed for a decisive move.
