Dogecoin staged a sharp weekend recovery, but cryptocurrency bettors remained doubtful that the memecoin would break above the $0.10 resistance level before the end of July.

The odds that DOGE would fall below $0.05 also remained low, at just 2%, suggesting limited expectations among bettors for an extreme downside move. In prediction markets, such odds reflect how participants are pricing a specific event at a given moment rather than a guarantee of the outcome.

The popular dog-themed cryptocurrency rose about 7% over the weekend, erasing all losses recorded earlier in the week. Since the rebound began, DOGE has moved back above $0.07, leaving the $0.10 area as the next widely watched threshold in the report’s framing.

Ali Martinez, a widely followed cryptocurrency analyst and trader, issued a buy signal for $DOGE on Saturday and set an upside target of $0.16 for the rebound.

A broader improvement in market conditions following a pause in fighting between the U.S. and Iran has also helped Dogecoin, according to the source report. For highly traded crypto assets such as DOGE, shifts in broader risk sentiment can influence short-term demand alongside token-specific technical signals.

Technical indicators were mixed. The Moving Average Convergence Divergence indicator, which compares the 12-period and 26-period exponential moving averages, flashed a “Buy” signal for $DOGE, according to TradingView. By contrast, the Bull Bear Power indicator, which measures the relative strength of buyers and sellers, flashed a “Sell” signal. The Relative Strength Index remained in “Neutral” territory.

At the time of writing, $DOGE was trading at $0.07270, up 0.37% over the previous 24 hours, according to data from Benzinga Pro.

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