Dogecoin TD Sequential Turns Bullish After 31% Drop, Whales Buy 200M+ DOGE

Dogecoin (DOGE) is attempting a rebound after a 31% selloff from around $0.113 to about $0.078. On June 11, DOGE traded near $0.085 (+~2% day), but it remains weak on the week/month. The key technical catalyst is the Tom DeMark (TD) Sequential indicator, which previously flashed a sell signal on May 7 and has now reportedly flipped to a buy signal. This suggests bearish momentum is fading, raising the odds of a short-term relief bounce, but it is not proof of a full trend reversal. Traders’ levels to watch: DOGE is holding the $0.080–$0.083 support zone. A recovery becomes more credible only if DOGE reclaims the $0.096–$0.100 area (and potentially pushes toward $0.100–$0.110). Losing $0.080–$0.083 would likely pull price back toward lower supports. Momentum and positioning: RSI sits in the low-30s near oversold, showing mild selling pressure relief. Price is still below the Supertrend resistance near $0.096. On-chain/flow data also supports the rebound narrative: whales reportedly bought 200M+ DOGE in a week. At the derivatives level, Coinglass shows derivatives volume up ~8.76% to ~$1.47B and open interest up ~2.52% to ~$1.03B, while options volume dropped—suggesting futures are driving flows. Higher open interest near support can help, but it also increases liquidation risk if DOGE breaks down. For DOGE traders, the actionable trigger is daily follow-through with a reclaim above ~$0.096 and supportive volume—turning the TD Sequential flip into a more durable recovery.