Dogecoin TD Sequential don turn bullish after 31% drop, whales don buy more than 200M DOGE
Dogecoin (DOGE) dey try recover after e drop 31% from around $0.113 go about $0.078. On June 11, DOGE dey trade near $0.085 (+~2% for the day), but e still weak for the week/month.
The main technical catalyst na Tom DeMark (TD) Sequential indicator, wey first show sell signal on May 7 and now reportedly don flip to buy signal. This mean bearish momentum dey fade, increase chances for short-term relief bounce, but e no mean say trend don fully reverse.
Levels wey traders suppose watch: DOGE dey hold the $0.080–$0.083 support zone. Recovery go more believable only if DOGE reclaim the $0.096–$0.100 area (and fit push toward $0.100–$0.110). If e lose $0.080–$0.083, price fit drop back to lower supports.
Momentum and positioning: RSI dey low-30s near oversold, show small relief in selling pressure. Price still below Supertrend resistance near $0.096. On-chain/flow data still support rebound story: whales reportedly buy 200M+ DOGE in one week. For derivatives, Coinglass show derivatives volume up ~8.76% to ~$1.47B and open interest up ~2.52% to ~$1.03B, while options volume drop—meaning futures dey drive flows. Higher open interest near support fit help, but e still increase liquidation risk if DOGE break down.
For DOGE traders, the actionable trigger na daily follow-through with reclaim above ~$0.096 and good supporting volume—this fit make the TD Sequential flip become a more durable recovery.
Neutral
Both articles dey show say DOGE fit get small short-term rebound, but dem still talk say confirmation never complete. Di TD Sequential wey flip go bullish na momentum tailwind, and wetin dem report say whales buy (200M+ DOGE) plus rising derivatives participation fit support one bounce. But price still dey under key resistance (~$0.096) and RSI just near oversold, no dey show strong trend reversal. At di same time, higher open interest dey increase liquidation risk if DOGE lose di $0.080–$0.083 support. So traders suppose treat this as conditional, near-term bullish setup wey need follow-through before dem go expect durable trend change.