Dogecoin Flashes TD Sequential 'Buy' After 31% Pullback — Bounce Possible but Confirmation Needed

Headline: Dogecoin flashes fresh TD Sequential buy signal after 31% pullback — rebound brewing, but bigger confirmation still needed Dogecoin has sparked renewed bullish chatter after the Tom DeMark (TD) Sequential — the same indicator that flagged its May correction — flipped from a sell to a buy signal following a steep drop earlier this month. Price snapshot (June 11): DOGE traded around $0.0851, up about 2.1% on the day, according to crypto.news market data. The coin is still down roughly 4.4% over seven days and about 22.5% over the past month. Trading volume over 24 hours hit roughly $654.5 million, and Dogecoin remains the 10th-largest crypto with a market cap near $13.16 billion. What the TD Sequential is signaling - On May 7 the TD Sequential issued a sell signal that preceded a roughly 31% decline from $0.113 to $0.078. - The indicator has now flipped to a buy, suggesting the recent selling may be losing steam and that a rebound could be near. Analysts including Ali Martinez highlighted the shift, though they caution the signal alone doesn’t prove a full trend reversal. Technical context — support, resistance and momentum - Support: DOGE is trading close to a $0.080–$0.083 zone and recently bounced off a 24-hour low of $0.081923. - Immediate resistance: Supertrend resistance sits near $0.096; a clean move above $0.096–$0.100 would be the first sign sellers are relinquishing control. A follow-through above $0.110 would more convincingly point to buyers rebuilding strength. - Momentum: The RSI is near 32.6 (its average ~31.5), putting DOGE close to oversold territory. A small RSI rebound shows cooling selling pressure, but the indicator remains below 40 — momentum has not turned clearly bullish. - Volume: Daily volume equates to about 198.6 million DOGE. For a sustainable breakout, analysts want to see rising dollar-volume accompany a move above $0.096. Derivatives, whales and flow dynamics - Whale activity: On-chain reports indicate wallets bought more than 200 million DOGE in a single week, and some traders labeled the current range a “good level for accumulation.” Whale buying can shore up confidence, but it’s most effective when matched with broader spot demand and improving technical momentum. - Derivatives: Coinglass data shows futures volume rose ~8.8% to $1.47 billion and futures open interest climbed ~2.5% to $1.03 billion. Options volume plummeted ~86% to about $143.3k, while options open interest rose ~8.2% to ~1.37 million contracts. The data indicate traders remain most active in futures. Higher open interest near support can either help fuel a rebound (if longs dominate) or amplify a sell-off via liquidations (if price breaks lower). - Spot flows: Net spot flows are muted (about $53,940), far from the multi-million-dollar spikes seen during the prior sell-off, suggesting no runaway accumulation or capitulation in spot markets right now. Bigger picture and risk levels - DOGE is still in a broader downtrend from the September–October highs near $0.25–$0.30, printing lower highs and lower lows. - A daily close above $0.096 would bring $0.100–$0.110 back into focus; a sustained break above $0.110 would be an even stronger bullish signal. - On the downside, failure to hold $0.080–$0.083 could send DOGE toward deeper risk zones — analysts previously flagged $0.067 as a potential lower target if support breaks. Bottom line The TD Sequential’s buy flip gives bulls reason for optimism and points to a possible short-term rebound from oversold conditions. But until DOGE reclaims $0.096–$0.100 with rising volume and clearer momentum, the broader daily trend remains bearish. Traders should watch support at $0.080–$0.083, the $0.096 resistance level, derivatives open interest and whale activity for clues on whether this bounce evolves into a meaningful recovery. Disclosure: This is not investment advice. The content is for educational and informational purposes only.