TLDR
- DOGE fell more than 17% from its August 22 high near $0.1007, dropping toward $0.0828.
- A daily TD Sequential buy signal is flashing on Dogecoin’s chart, according to analyst Ali Charts.
- A morning doji star pattern has formed, a classic sign that selling pressure may be fading.
- Whales have reportedly bought 400 million DOGE over the past five days near support.
- The $0.0813 zone is key; holding it could open a path to $0.1552 and $0.1774.
Dogecoin has pulled back sharply from its recent highs. The drop has traders watching closely for signs the slide is ending.
DOGE hit roughly $0.1007 on August 22. It then fell more than 17%, landing near $0.0828.
That decline pushed the price closer to a zone where big buyers have stepped in before. Chart watchers say this area has a history of attracting demand.
One of the signals getting attention is the TD Sequential indicator. It is designed to flag when a trend is running out of steam.
TD Sequential Signal and Chart Pattern
Analyst Ali Charts posted on X that Dogecoin’s daily chart just printed a new TD Sequential buy signal. This tool is built to spot exhaustion after a long price move, not to guarantee an instant turnaround.
Ali Charts also pointed to a morning doji star forming on the daily chart. This candlestick pattern typically shows up after a period of selling, when the market shifts from clear bearish control toward uncertainty.
In the same set of posts, Ali Charts noted that these signals often appear before buyers start to regain control. The analyst framed the pattern as an early clue, not a confirmed reversal.
Traders generally want to see follow-through buying before treating a single signal as reliable. That confirmation hasn’t fully arrived yet.
Whale Accumulation Near Support
On-chain activity is adding another layer to the story. Large holders have reportedly bought around 400 million DOGE over the last five days.
This buying has taken place near a support zone many traders are watching. Roughly 35 billion DOGE previously changed hands in this same area, based on on-chain data cited in the report.
That kind of volume can mark a zone where holders are less willing to sell. Renewed buying there can also add liquidity if broader sentiment turns positive.
Right now, $0.0813 is being treated as the line in the sand. Holding above it keeps the reversal case intact.
A break below that level would weaken the bullish pattern described above. So far, buyers have managed to defend the area.
If DOGE stabilizes and buying continues, the next targets mentioned are $0.1552 and $0.1774. Reaching those levels would require clearing resistance in between first.
As of the latest update, DOGE remains near the $0.0828 to $0.0813 range while traders watch for confirmation of the reversal signals.
The post Dogecoin (DOGE) Price: Whale Buying and Chart Signals Point to a Possible Bounce appeared first on Blockonomi.
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