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Dogecoin traded near $0.07 after falling to its lowest area in almost three years, while analyst Ali Martinez pointed to signals that previously preceded a sharp rally. Martinez said the current TD Sequential pattern resembles Dogecoin’s August 2022 setup, when DOGE gained 145% during the following monthly move. Meanwhile, whales bought more than 430 million DOGE over the past week, adding weight to the bullish technical case.
Martinez said Dogecoin’s current Tom DeMark Sequential structure mirrors the pattern seen before the August 2022 rally. If DOGE repeated that 145% gain, the price would rise toward $0.1718 from current levels. He described the setup as a possible ‘parabolic’ move.
He also identified $0.0813 as a key resistance area. More than 30 billion DOGE previously changed hands around that level. Martinez said a sustained close above the zone could open room for further gains.
Dogecoin has also returned toward the lower boundary of a broad price channel that has contained several market cycles. The token remains about 90% below its 2021 all-time high. Can DOGE turn this technical setup and whale demand into a sustained break above $0.0813?
Large holders added more than 430 million DOGE during the past week, according to Martinez. The buying arrived while Dogecoin remained near $0.07. That level has drawn attention from analysts tracking a possible accumulation phase.
Network activity has also improved. Active addresses rose from about 38,000 in July to roughly 44,000 earlier in August. Martinez also pointed to several consecutive weekly TD Sequential buy signals as another bullish factor.
Crypto Patel separately described the $0.07 to $0.10 range as a major accumulation zone. He placed a nearer target at $0.28, while longer projections extended toward $1, $2 and $4. Trader Lucky also told nearly two million followers to watch DOGE for a possible move over the coming weeks and months.
Also Read: Dogecoin Steadies at $0.070 as Bullish Signals Test Bearish Pressure
Despite those bullish signals, Polygon-based Polymarket traders showed a much more cautious outlook. The market assigned only a 12% chance that DOGE would rise above $0.16 during 2026. It also showed a 70% chance of DOGE falling below $0.06.
TradingView indicators offered a mixed technical picture. The Moving Average Convergence Divergence indicator flashed a buy signal. Meanwhile, the Bull Bear Power indicator and Relative Strength Index both remained neutral.
The broader bullish case depends partly on Dogecoin repeating long consolidation periods that preceded sharp advances during earlier cycles. However, historical patterns do not guarantee another rally. DOGE now remains near a price area that analysts view as a test of its longer-term market structure.
Dogecoin remains near $0.07 as whale buying, TD Sequential signals and rising active addresses support the bullish setup. Still, Polymarket traders see limited odds of a 2026 breakout above $0.16. The next key test remains a sustained move through the $0.0813 resistance area.
