What to know:
- The Dogecoin price flashed a rare TD Sequential buy signal, suggesting bearish momentum is fading at key long-term support.
- Dogecoin whales accumulated 1 billion DOGE (about $70 million) in 24 hours, reflecting renewed investor confidence.
- Analysts say holding $0.056 support could push the Dogecoin price toward $0.16, with $0.45 as a longer-term target.
Dogecoin (DOGE) is showing early signs of a potential bullish reversal for the DOGE price after a rare monthly buy signal emerged while holding key long-term support. At the same time, continued whale accumulation reflects growing investor confidence, with traders closely watching for stronger momentum and a broader price recovery.
At the time of writing, DOGE is trading at $0.07330 with a 24-hour trading volume of $619.51 million and a market capitalization of $11.37 billion. Following the 6.08% gain over the last 24 hours, the DOGE price structure and network expansion point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: DOGE Price Analysis: Bulls Defend $0.071 Support as $0.087 Target Looms
DOGE Price Flashes Rare Monthly Buy Signal
According to the crypto analyst Ali Charts, the DOGE price has flashed a monthly TD Sequential buy signal as the meme coin tests a major support level near $0.056.
The indicator suggests bearish momentum may be fading after an extended decline. Analysts consider this support critical, as holding above it could encourage buyers to regain control and improve overall market sentiment soon.
With the DOGE price above the $0.056 level of support, it is expected to bounce back towards $0.16, which is the first resistance level.
The further breakout could take the price closer to the upper border of the long-term descending channel, that is, the $0.45 level. However, failing to hold the current level of support would be bearish for the price action.
Dogecoin Whales Accumulate 1 Billion DOGE
The data from dogegod further highlighted that, however, in just a day, the most prominent wallets of Dogecoin have collected another 1 billion DOGE worth around $70 million.
This significant purchase shows new faith from major players despite the volatile environment. It is crucial to pay attention to whale transactions since they usually reflect long-term investments rather than short-term trading.
Source: dogegod’s X Post
The most recent increase has led to hopes that major institutional players see positive price movements on the horizon.
Although a whale buy alone would not cause an immediate spike, gradual accumulation may limit supply and bolster the bullish trend. Traders will then watch for increased volume and an improvement in the price of Dogecoin.
Following the bullish price predictions and strong whale accumulation, the DOGE price is moving in an upward trend. This move is also backed by the general trend in the crypto market, which has turned positive as Bitcoin has started to move upward.
What Happens Next?
The future actions of the DOGE price depend on how well bulls defend the level of $0.056 and generate momentum in their favor.
A recovery would help push the price of Dogecoin to the resistance level of $0.16, while a breakout would open doors for $0.45. However, losing key support may weaken the bullish outlook and trigger renewed selling pressure.
Also Read: Dogecoin Monthly RSI Signals 2026 Setup After 2022 Pattern
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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