Dogecoin rises 5% as technical signals point to $0.12 breakout

  • Dogecoin gained 5.30% to approximately $0.087 as bullish signals accompanied a broader market rebound.
  • Large holders bought more than 400 million DOGE in five days, supporting the $0.0813 area.
  • Almost 35 billion DOGE previously traded near $0.0813, according to Ali Martinez.

Dogecoin rose 5.30% over 24 hours to approximately $0.087, extending its monthly gain to 24%, as Bitcoin moved above $81,000 and softer rate expectations supported a broader rebound in risk assets. Ali Martinez cited a daily Tom DeMark Sequential buy signal, a morning doji star and a lower-timeframe bullish-flag breakout that projected a move toward $0.12. Large holders accumulated more than 400 million DOGE over five days, reinforcing support near $0.0813, where almost 35 billion DOGE had previously traded; Martinez identified $0.1552 and $0.1774 as potential targets if that level holds. Other analysts outlined moves toward $0.40 and above $1, while Javon Marks described a longer-term setup targeting a gain of more than 555% above $0.60. Martinez's earlier $15 thesis was invalidated after DOGE fell below its channel. Rising derivatives exposure and increased long liquidations highlighted continued volatility, while exchange outflows and improved ETF flows provided additional constructive signals.

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