Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
Add preferred source
Dogecoin large holders accumulated more than 240 million tokens during the past week’s price dip, according to analyst Ali Charts, while a TD Sequential buy signal on the four-hour chart suggested the correction may be ending. The token traded near $0.0848, holding within an ascending channel after defending support between $0.080 and $0.082. Futures volume jumped 65% to $1.17 billion with open interest at $1.26 billion. Technical levels put $0.093 as the next resistance target, with $0.095 and $0.10 beyond that. Downside support sits at $0.079, then $0.075 and $0.070. Traders are watching Tuesday’s CLARITY Act vote and Wednesday’s Federal Reserve policy announcement as potential catalysts for sharp price swings. Broader crypto markets rose, with Bitcoin near $78,905 and total market capitalization at $2.65 trillion.
Key Elements
Large cryptocurrency holders accumulated more than 240 million Dogecoin tokens over the past week, seizing on a price pullback to build positions as a widely followed technical indicator flashed a buy signal. The meme coin changed hands near $0.0848 on Monday, holding within an ascending channel after twice defending the $0.080 to $0.082 support band.
Market analyst Ali Charts posted data on X showing the accumulation pattern, which coincided with a TD Sequential buy configuration on the four-hour chart that appeared around $0.0839. The signal has a track record worth noting: the previous three buy triggers were followed by rebounds of 6.96%, 2.71%, and 11.25%. At roughly $0.0837 per token, the 240 million DOGE purchase represents about $20.1 million, though that figure does not establish the actual acquisition costs for the buyers.
The derivatives market told a similar story of renewed interest. Futures and options trading volume surged 65.06% to $1.17 billion, while open interest registered $1.26 billion, a slight 1.61% decline. That combination suggests traders were actively repositioning rather than piling into fresh leveraged contracts.
Broader crypto markets provided a supportive backdrop. The aggregate digital asset market capitalization climbed 1.32% to $2.65 trillion. Bitcoin traded near $78,905, Ethereum held around $2,532, and XRP changed hands at approximately $1.44. Dogecoin itself posted a 0.78% gain over the prior 24 hours.
Technical Setup Points to $0.093 Resistance
On the four-hour chart, the MACD histogram turned marginally positive at 0.00018, indicating weakening bearish momentum. The Chaikin Money Flow indicator advanced to 0.01, providing modest confirmation of capital inflows. The Relative Strength Index registered near 44, below the 50 midpoint but comfortably above oversold territory. A separate daily chart snapshot showed RSI at 50.30, reflecting neutral momentum.
Technical commentator CRG pointed to Dogecoin’s position above a grouping of exponential moving averages on the daily chart as potential evidence that a longer-term floor may be forming. Maintaining elevation above that EMA confluence preserves the constructive market structure, the analyst noted.
A confirmed four-hour candle close above $0.09 would likely open the door toward $0.095, with potential to retest the August high near $0.10. A break through that level would bring $0.113 to $0.114 into focus, with $0.176 representing a longer-term objective. On the downside, failure to hold $0.079 would shift attention to $0.075 and subsequently $0.070.
Washington Events Loom Over Price Action
Traders are positioning for two events this week that could generate sharp moves in either direction. The CLARITY Act is scheduled for a voting session on Tuesday, and the Federal Open Market Committee delivers its policy announcement on Wednesday. Both carry the potential to reshape sentiment across risk assets, including cryptocurrencies.
Dogecoin co-founder Billy Markus added a lighter note to the conversation, joking that Washington should purchase $1.2 trillion in DOGE and distribute it to Americans. The remark mocked a proposed $5,000 government payment and did not describe any actual announced cryptocurrency purchase program.
The token has recovered substantially from July lows near $0.065, according to daily chart analysis. A subsequent advance approached $0.10 before sellers pushed the price back toward the $0.083 to $0.085 consolidation zone. The immediate support area sits within that band, where the chart shows price activity following the recent pullback.
Once added, BigGo Finance appears first in Google Search Top Stories, so you get the broadest, most up-to-the-minute, and most comprehensive global financial news first.
Source: finance.biggo.com