Key Insights:
- Dogecoin price is copying 2022, a setup that sparked a 145% rally in one month
- DOGE whales accumulated more than 430 million DOGE over the past week.
- Binance and OKX long-short ratios show traders remain heavily positioned toward longs.
Dogecoin is trading near $0.07 following an intraday advance that stalled around $0.0705. After opening close to $0.0697 and climbing above $0.0700, DOGE hit a session high near $0.07046 before paring some of those gains.
The cryptocurrency currently holds a market capitalization of approximately $10.87 billion, fluctuating between support at $0.0695 and resistance at $0.0705.
Cryptocurrency analyst Ali Martinez recently underscored three main elements that could dictate Dogecoin’s next major price movement. His evaluation highlights a monthly technical indicator, heavy whale accumulation, and a critical on-chain resistance barrier, while derivatives figures indicate that market participants maintain a strong long bias on leading platforms.
However, any price targets or projections mentioned here are based on technical indicators and current market conditions, not guaranteed outcomes. Cryptocurrency markets can change rapidly, and actual prices may differ significantly from these estimates.
Readers should not treat this article as financial advice and should conduct independent research before making investment decisions.
TD Signal and Whale Buying Support Dogecoin Price Setup
Writing on X, Ali Martinez noted that the Tom DeMark Sequential generated a monthly buy signal for Dogecoin during the previous month, accompanied by an inverted hammer formation on the monthly chart.
Martinez pointed out parallels between this pattern and the market structure in August 2022, when DOGE similarly printed an inverted hammer and a TD buy signal ahead of a subsequent doji candle.
That exact sequence preceded a 145% monthly rally in 2022, according to Martinez. A matching configuration—featuring an inverted hammer, a TD buy signal, and an emerging doji candle—is currently unfolding on the monthly timeframe.
The second catalyst points to large-wallet activity. Martinez revealed that whales purchased over 430 million DOGE over the course of the past week, boosting their collective balances concurrently with the development of the technical pattern.
Dogecoin Price Faces $0.0813 Resistance
The third factor centers on a significant on-chain resistance barrier situated at $0.0813, which Martinez identified utilizing UTXO Realized Price Distribution (URPD) metrics.
Because a volume exceeding 30 billion DOGE previously changed hands near the $0.0813 mark, that region serves as a dense cluster of historical transactions.
Beyond $0.0813, Martinez pointed to $0.177 as the subsequent URPD resistance hurdle, though Dogecoin must first achieve a confirmed close above the initial barrier.
In the near term, price movement remains constrained within the $0.0695 support and roughly $0.0705 resistance levels following the capped intraday peak at $0.07046.
Liquidations Shift Toward Long DOGE Traders
Meanwhile, analytics from CoinGlass demonstrate a shift in liquidation trends over recent trading windows, with total liquidations reaching $187.81K across a 24-hour period.
Over that full day, short liquidations totaled $115.38K compared to $72.43K in long liquidations, though shorter timeframes reveal that pressure has more recently gravitated toward long positions.
Over a 12-hour span, total liquidations contracted to $7.33K, comprising $7.28K in longs and merely $52.37 in shorts.
Likewise, the entirety of the $2.42K leveraged position when margin no longer covers losses.">liquidated over four hours originated from long positions, and the one-hour window registered an additional $1.54K in long liquidations alongside zero short liquidations.
Despite these flushing events, aggregate exchange positioning tilts heavily toward the buy side, with Binance’s DOGE/USDT account long-short ratio registering at 3.08.
Additionally, the OKX DOGE account ratio climbs to 5.47, while top traders on Binance maintain a ratio of 3.7574 when evaluated by accounts.
When measured by active positions, Binance elite traders hold a long-short ratio of 3.1459, illustrating that bullish accounts comfortably outnumber bearish ones across these tracked cohorts.
