Dogecoin is back in focus near $0.07 after several analysts pointed to a cluster of technical, on-chain, and derivatives signals that could precede another explosive rally. DOGE recently slipped below $0.07 for the first time in almost three years and remains roughly 90% below its 2021 all-time high, but analysts argue depressed conditions have historically created favorable risk/reward setups.
Ali Martinez said on X that Dogecoin has approached a parabolic phase after returning to the bottom of a long-term price channel. The weekly TD Sequential indicator has produced multiple consecutive buy signals, an unusual occurrence that Martinez described as a potentially important warning of an upcoming rally. Network activity also improved, with active DOGE addresses rising from 38,000 in July to about 44,000 earlier this month.
Martinez compared the current monthly chart to August 2022, when an inverted hammer and a TD buy signal preceded a 145% monthly rally. A similar inverted hammer and TD buy signal now appear on the monthly timeframe, with a doji candle developing. He also identified a major on-chain resistance at $0.0813, where more than 30 billion DOGE previously changed hands according to UTXO Realized Price Distribution data. The next resistance sits near $0.177.
Whale activity has strengthened the bullish case. Martinez reported that large holders accumulated more than 430 million DOGE over the past week. Fellow analyst Crypto Patel reiterated that the $0.07–$0.10 area remains Dogecoin’s major accumulation zone, with longer-term targets at $0.28, $1, $2, and an ambitious $4. Trader Lucky also told followers to keep an eye on the original meme coin for a possible sizable run in the coming weeks and months.
Derivatives positioning reflects heavy long exposure. Binance’s DOGE/USDT long-short ratio stands at 3.08, while OKX’s ratio reaches 5.47. Binance top traders hold ratios of 3.7574 by accounts and 3.1459 by positions. Over 24 hours, DOGE liquidations totaled $187.81K, with short liquidations at $115.38K and long liquidations at $72.43K, though more recent pressure shifted toward longs. Dogecoin carries a market capitalization of approximately $10.87 billion and is trading between $0.0695 support and $0.0705 resistance after an intraday high near $0.07046.
