Dogecoin rose 1.96% in the last 24 hours, trading near $0.074. Multiple analysts are pointing to on-chain patterns and short-term technical signals that could support a stronger move ahead.
Accumulation Signals Deepen On-Chain
Analyst CW noted that the net position delta — an indicator tracking the balance between buyers and sellers — has kept climbing even as the price stayed weak. A rising delta during a price decline suggests some investors are accumulating rather than selling. CW said this buying wave is not a short-lived event; if demand holds steady, it could build a foundation for a more pronounced price move.
Another analyst, Cryptollica, highlighted that the proportion of Dogecoin supply in profit has dropped to a deep low zone. Fewer holders are in profit, and many who entered at higher prices are underwater. This type of market structure often appears after extended distribution phases when short-term speculators have exited, potentially signaling that heavy selling pressure is exhausted.
TD Sequential Signal and Short-Term View
Market analyst Ali Charts identified a TD Sequential buy signal forming on the 30-minute chart. The TD Sequential is used to spot exhaustion after downward moves and anticipate trend reversals. Ali Charts underlined that this signal could mark a shift in short-term momentum for Dogecoin.
On the 30-minute timeframe, Dogecoin rebounded from the $0.070 support area with a spike in volume and has since printed higher lows and higher highs — a pattern indicating buyers are taking control. The $0.075 level now stands as the first major resistance to watch in the coming sessions.
Weekly Structure and July Performance
Technical analyst Javon Marks observed that higher lows are forming on Dogecoin's weekly chart. Historically, similar structures have preceded more significant upward moves. The long-term ascending support trend remains intact, keeping the bullish scenario technically viable. However, a decisive break above the next resistance is needed to reinforce this outlook; otherwise, sideways and volatile trading may persist.
Seasonal trends also draw attention: Dogecoin posted a 27.1% gain in July 2025 and a 17% gain in July 2023. This July's return stands at 4.27% so far, while July 2024 and July 2021 saw declines. Dogecoin's circulating supply is approximately 170.62 billion coins, and the asset has no fixed maximum supply cap.