Key Takeaways:
The same Tom DeMark Sequential indicator that called Dogecoin's 31% drop from $0.113 in May is now flashing a buy signal.
Dogecoin bounced 3% to $0.087 on June 11 after the Tom DeMark Sequential indicator flashed a buy signal on the 3-day chart, the same technical tool that predicted the token's 31% decline from $0.113 to $0.078 in May.
"The same indicator that called the top is now calling a bottom," Ali Charts, an independent technical analyst, said on X.
The TD Sequential buy signal emerged as DOGE tested the $0.078-$0.080 support zone, a level that has held during multiple bear market phases, according to analyst Daan Crypto Trades. The token has since recovered to $0.08759, with a 24-hour trading volume of $465.9 million and a market capitalization of $13.34 billion, per CoinGecko data. A separate analyst, Trader Tardigrade, noted that DOGE completed a triangle apex retest on the monthly Heikin Ashi chart — a pattern that preceded parabolic rallies in both the 2017 and 2020 cycles.
The immediate recovery zone sits between $0.092 and $0.100, with a decisive break above $0.092 needed to confirm momentum. On the downside, a breach of the $0.078-$0.080 support floor would open a path toward $0.070 and $0.060. The Bollinger Bands show the upper boundary at $0.10549 and the lower at $0.07689, while the MACD remains bearish but is leveling off, suggesting selling pressure may be fading.
On the adoption front, MoonPay Commerce launched DOGE payment functionality across more than 6,000 global retailers through a collaboration with House of Doge, enabling merchants to accept native Dogecoin transactions with immediate settlement.
The 3-month timeframe reveals a bullish pennant structure that has been compressing over multiple years, squeezing price action into an increasingly narrow range. Each successive cycle has tightened the trendlines further, setting up what analysts describe as a potential breakout.
Beyond the $0.092-$0.100 resistance zone, additional barriers sit at $0.108 and $0.116. A successful move through $0.116 would establish a pathway toward an extended-term target near $0.180-$0.190, based on technical projections from Coinvo Trading.
This article is for informational purposes only and does not constitute investment advice.
