Dogecoin (DOGE) price movements have started discussions about potential recovery

The TD Sequential signal shows indicators that point towards a positive trend exhaustion signal.

Dogecoin price movements have started discussions about potential recovery because essential technical indicators show forthcoming momentum changes.

The TD Sequential signal shows indicators that point towards a positive trend exhaustion signal. The three-day Dogecoin chart indicates a buy signal through TD Sequential signals according to Crypto analyst Ali.

His recent market review indicates that DOGE prices could be close to bottoming out potentially leading to a price rebound.

Ali Martinez believes Dogecoin price is currently oversold with signs of a potential uptrend.

Whale Activity Surges Amid Dogecoin Price Drop

Since December of 2024 Dogecoin reached its high point at $0.48 the price has dropped by more than 70%.

Some of the major Dogecoin holders appear to trust in an upcoming recovery based on their increased position buys according to onchain data despite the market downturn.

According to Santiment data the number of wallets containing at least one million DOGE increased by 1.24% since February started.

A growing number of large holders continues to buy despite falling prices because they see these market conditions as suitable for buying.

The market has experienced this same pattern of accumulation which typically led to price growth.

The current number of active Dogecoin addresses recently achieved its highest level in four months.

Network activity has risen, which indicates retail investor engagement within Dogecoin is increasing.

Authentic adoption at elevated participation levels can potentially achieve the required price increase.

Onchain Metrics Suggest Accumulation Amid Price Decline

Dogecoin recently tested and surpassed an essential support formation that united its multi-year uptrending line with its 200-week exponential moving average (EMA) at the $0.13 price zone.

The support zone formed from this historical convergence point has historically caused price reversals with bullish tendencies.

The Stochastic RSI indicator’s adoption of a bullish crossover pattern within the oversold region signals decreasing selling momentum.

The pattern has appeared previously in Dogecoin price patterns to lead significant price surges.

When similar price signals appeared in 2023 and 2024 the cryptocurrency value jumped by 88% initially then surged by 400%.

Resistance Levels and Potential Price Targets

The initial significant resistance barrier for Dogecoin price appears at $0.22 as long as support stays in place.

The resistance zone at $0.22 overlaps with the 50-week EMA and the previous resistance points from March through April of 2024.

The price breaking out of this support zone successfully will thereby create promising conditions for additional upward price movement.

The $0.12 support area provided robust resistance between March and May 2024. While it acted as a barrier, potentially threatening further declines, DOGE managed to surpass the same.

At the time of writing, DOGE price is $0.1677 and demonstrated a trading volume of $651.55 Million while experiencing a 0.90% price increase.

The current market participants watch these primary technical support zones to determine Dogecoin potential recovery patterns in the upcoming weeks.