Dogecoin (DOGE) rose 2% on Monday, hovering near $0.086, just above a major support area. But new analysis shows that the OG meme coin has reached a critical structural inflection point.
Long-term technical patterns and on-chain data point to a strong demand zone that has historically supported major macroeconomic moves.
Request area
According to cryptocurrency analyst Ali Martinez, DOGE’s price action has followed consolidation channels for several years since its launch, with the asset repeatedly moving through extended ranges that compress volatility and redistribute supply before larger bull cycles begin. Currently, Dogecoin is above the $0.081 level, which is the lower end of the middle range of a five-year parallel channel that has been active since 2021.
Martinez quote On-chain data to explain why this area acts as strong support. UTXO Realized Price Distribution (URPD) is a metric that tracks the price levels at which all tokens in circulation were last moved. According to this data, there is a huge supply focus at $0.081, where over 30 billion DOGE tokens were last traded. He describes this as a key historical block of spot exposure, forming psychological and structural support at the current price level.
Moreover, over the past week, whales have Accumulated Over 200 million DOGE tokens, indicating continued buying interest near the same price area.
Objectives for DOGE
Martinez also explained a dollar-cost averaging approach rather than trying to time short-term price movements or pick specific bottoms. His framework focuses on building attitudes gradually across two main levels. The first is $0.081, which corresponds to the URPD concentration and the middle range of the long-term channel. The second is $0.058, which represents the minimum multi-year channel structure.
He describes two possible scenarios from here. In the first, if the $0.081 level continues to absorb selling pressure, Dogecoin could stabilize and move back towards higher levels within its broader channel, supported by continued whale demand. In the second scenario, if broader macro conditions push the price below $0.081 on the weekly close, the structure will move into a deeper evaluation phase, after which the next major support lies at $0.058.
In a separate analysis, Joao Widson of Alfractal male DOGE is now in the bottoming phase based on the CVDD signal that previously identified major market bottoms.
According to him, every time Dogecoin approaches this level or briefly trades below this level, strong reversals follow. He added that the next signal will be triggered if DOGE drops below $0.08.
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