Dogecoin (DOGE) is trading in a narrow triangle pattern, with both accumulation and distribution signals active as key supply zones near $0.0739 and $0.0813 block a complete market structure reversal. While the TD Sequential has flashed buy signals across monthly, weekly, three-day, and daily charts, bearish signals from a moving average cross and the RSI Divergence indicator suggest fading recovery hopes. A critical demand zone sits at $0.0690, where over 5 billion DOGE were acquired, and analysts argue the recovery is set to continue unless the Anchor Trend indicator is broken.
Dogecoin’s price action has been indecisive, with each rebound facing an equal rejection within a triangle pattern. The memecoin’s circulating supply dynamics are aligning with the technical outlook, yet long-term bullish hopes seem to be fading.
Data shows that Dogecoin’s first major resistance for a complete market structure reversal is $0.081. The nearest supply zone below this is at $0.0739, where roughly 10 billion DOGE were accumulated, while at $0.081, about 35 billion tokens were purchased, marking a stronger resistance level.
A breakout past the major resistance would expose $0.1774 as the next major resistance, where 25 billion DOGE were bought. Other significant supply zones sit at $0.0887, $0.1478, and $0.1626.
Dogecoin trades above the demand zone at $0.0690, where well over 5 billion DOGE were accumulated. The TD Sequential has flashed buy signals on the monthly, weekly, three-day, and daily charts.
The supply zones align with the technical outlook, as the first minor resistance at $0.0739 aligns with the triangle’s slanting resistance. Breaking past this level hints at the memecoin escaping the accumulation phase.
However, hopes of a rebound continue to sink as these supply zones remain rigid, reinforced by a bearish moving average cross. At press time, the RSI Divergence indicator also printed a bearish signal, and long liquidations were increasing.
Still, Dogecoin is maintaining a key support zone on the hourly chart, according to the Anchor Trend indicator. The supply zones identified by the URPD continue to pose hurdles, but recovery hopes remain intact unless support at $0.0690 is lost and confirmed by a retest of the downward continuation.
