Another analyst, though, said that no one really cares about the OG meme coin at the moment.

Meme coin momentum has far evaporated from the peaks of a couple of weeks ago, even though there are some that are still making waves. However, most turn out to be owned by a few wallets that later dump on unsuspecting investors.

The situation with the leader of this niche is quite interesting. It continues to be a major cryptocurrency with a multi-billion-dollar market cap, but it has fallen out of investors’ grace as interest in it has diminished. Or has it?

Something Is Brewing

Popular crypto analyst Ali Martinez, citing data from Glassnode, indicated earlier today that the network activity on Dogecoin has risen by almost 50,000 active addresses. The chart below demonstrates the rapid increase at the end of June and early July, going from under 40,000 to the aforementioned number.

Martinez noted that ‘something is brewing’ for DOGE just a day after he posted that the TD Sequential metric had flashed a major buy signal for the asset. The OG meme coin is up by 3% weekly, but it has slipped by 11% in the past month alongside most of the crypto market. However, the TD Sequential and the growing network activity could be the beginning of something more lasting.

Dogecoin $DOGE network activity has exploded to nearly 50,000 active addresses!

Something is brewing. https://t.co/yQZwPEPGGK pic.twitter.com/FCf1m8D3oV

— Ali Charts (@alicharts) July 5, 2026

Anyone Still Cares?

Fellow analyst Daan Crypto Trades also weighed in on DOGE’s price moves and admitted that “no one really cares about this coin right now.” However, he said he is still watching it closely, especially if it heads toward its long-term support area within the $0.05 range.

He added that other crypto assets will perform better in this (or the next) cycle, but DOGE is “still one that tends to be reliable for a decent bounce once a bear market bottom is set.”

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Meanwhile, Celal Kucuker was a lot more bullish, indicating that DOGE has “one of the cleanest charts in crypto.” The analyst predicted that the meme coin could explode to $1.00, representing a new all-time high, since it couldn’t reach those levels during the Musk-led 2021 hype cycle.

Martinez warned that bulls need to hold the $0.073 level, or the setup becomes invalid.

The OG meme coin has been in sharp decline over the past several months, recently plummeting to a three-year low.

According to one popular analyst, it might experience a short-term revival, whereas others think the cycle bottom has yet to arrive.

Dogecoin at a Crossroads

Earlier today (June 26), DOGE tumbled to around $0.072 before slightly rebounding to the current $0.074 (per CoinGecko). Despite the carnage, Ali Martinez said the asset’s TD Sequential indicator has flashed a buy signal and added that he will pay close attention to the $0.073 level.

“Hold it, and $0.081 is in play. Lose it, and the setup is no longer valid,” he estimated.

Last week, the analyst touched on DOGE again, revealing that 420 million coins have been distributed by whales over just seven days. As a result, the total holdings of these large investors have shrunk to nearly 35 billion tokens, or less than 23% of Dogecoin’s circulating supply.

Other market observers who have recently been vocal on the asset’s performance include Celal Kucuker and Part-Time Trader. The former envisioned a possible plunge to the $0.05-$0.06 zone, calling it an “attractive” buying range. In the meantime, the analyst remains highly bullish for the long term, arguing that DOGE has the potential to reach $1.

The latter issued a doomsday prediction, warning that the meme coin could be headed for a 95% collapse, bringing the price to approximately $0.004.

The Other Indicators

DOGE’s major pullback has led to a sharp decline in the Relative Strength Index (RSI). Its ratio briefly collapsed to roughly 18.6, indicating the asset has entered extreme oversold territory. Historically, such a low level has been a precursor to a rebound, and we have yet to see whether this will be the case here.

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Dogecoin’s exchange netflow represents another ray of hope. Over the past several weeks, investors have continued to abandon centralized platforms in favor of self-custody solutions, reducing immediate selling pressure.

One powerful catalyst for a potential DOGE resurgence could be institutional interest in the meme coin, which, at the moment, seems absent. Spot Dogecoin ETFs remain unattractive to pension funds, hedge funds, and other conservative investors, with cumulative net inflows of just $12.6 million since their launch.

Dogecoin and Litecoin miners face mounting pressure as mining profitability remains low across major proof-of-work assets.

Cryptocurrency mining profitability remains under pressure across major proof-of-work networks, according to new data shared by Alphractal, which shows the sector is experiencing stagnation and reduced returns.

The analytics platform said that while miners continue to play an important role in maintaining network security and decentralization, the data suggests that profitability remains difficult across major proof-of-work networks.

Growing Pressure on Miners

Alphractal’s Mining Equilibrium Index compares miners’ average revenue per hash over 30 days against the 365-day average. Readings above 1.0 signal above-average profitability, while values below 0.5 point to stressed conditions for miners.

Among the four largest proof-of-work assets tracked by the index, Bitcoin posted the highest reading at 0.75, which makes it the strongest performer in terms of mining profitability.

Bitcoin Cash (BCH) followed at 0.66, which suggests relatively better conditions than the rest of the group. The OG meme coin, Dogecoin (DOGE), registered a score of 0.60, as mining profitability declined significantly over the years. Litecoin (LTC), on the other hand, recorded the lowest reading at 0.58, making it the weakest performer among the four assets.

However, Bitcoin’s position at the top of the list does not necessarily point to favorable conditions for miners. As recently reported by CryptoPotato, Bitcoin mining difficulty fell by more than 10%, in one of the largest downward adjustments of the year, and demonstrated that fewer miners are participating in the network. At the same time, the Bitcoin hash rate has continued to decline.

The figure briefly dropped below 790 EH/s this month from record levels above 1.2 ZH/s reached last year.

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Alphractal also acknowledged that the current environment has made crypto mining increasingly dependent on access to capital, operational efficiency, and patience.

BTC Sales By Mining Companies

Several publicly listed Bitcoin miners have been selling their BTC holdings at the fastest pace since the previous crypto bear market. Back in April, The Energy Mag published a report that revealed that major mining companies such as MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer collectively sold more than 32,000 BTC during the first quarter of 2026.

The amount of Bitcoin sold surpassed the combined net sales recorded throughout all four quarters of 2025. The figure also set a new industry record as it exceeded the roughly 20,000 BTC liquidated by public miners during the second quarter of 2022, when the market was shaken by the collapse of the Terra-Luna ecosystem.

Do whales know something we don’t?

The OG meme coin has fared poorly over the past several months, dropping out of the elite top 10 crypto club.

While some market observers remain optimistic that a recovery could be on the way, recent whale behavior suggests that a deeper collapse is also plausible.

DOGE Whales ‘Paying Rent’

The popular analyst Ali Martinez revealed that 420 million coins have been distributed by such large investors over the past seven days. As of current rates, the USD equivalent of this stash is around $35 million, while whales now collectively own nearly 35 billion DOGE, 22.7% of the token’s circulating supply.

The development doesn’t guarantee that the meme coin’s price is headed for further decline, but it signals that these investors are preparing for such a scenario.

Some believe these market participants are experienced players who may have access to inside information, enabling them to position themselves effectively ahead of major moves. In any case, their actions are closely monitored by retail investors, who could follow suit, thereby intensifying the sell-off.

Others took a more humorous approach to explaining the recent behavior. X user Lynor, for instance, said that DOGE whales cashed out so they can “pay rent this week.”

Time to Rally?

Martinez has been quite vocal on DOGE lately, and his previous comments were quite optimistic. Earlier in June, he disclosed that the Tom DeMark Sequential indicator flashed a buy signal on the asset, suggesting a rebound could be on the way. It’s worth mentioning that this technical tool accurately predicted the meme coin’s pullback in early May, when the valuation dropped from $0.113 to $0.078.

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Later on, the analyst paid special attention to $0.081, classifying it as “the lower mid-range boundary” of a five-year parallel channel dating back to 2021. He argued that holding above that level could open the door for another “parabolic move.”

DOGE’s Relative Strength Index (RSI) supports the bullish scenario. The ratio has fallen to 30, meaning that the asset has entered oversold territory and could be due for a resurgence. The technical analysis tool ranges from 0 to 100, with anything above 70 considered a warning of a possible correction.

Last but not least, we will take a look at DOGE’s exchange netflow. Over the past several weeks, outflows have surpassed inflows, reflecting a growing investor preference for self-custody – a trend that naturally reduces immediate selling pressure.

A closer look at everything most interesting surrounding Pi Network, Dogecoin, and Cardano.

The controversial crypto project Pi Network remains highly active, with the team announcing major updates and ecosystem improvements.

The OG meme coin Dogecoin (DOGE) has been bleeding heavily lately, and certain factors suggest the sell-off may continue in the near future. Cardano’s ADA isn’t in great shape either, with some expecting further declines ahead.

The Latest PI Updates

At the start of the month, the Core Team announced the successful transition to protocol v24, an upgrade primarily focused on improving the underlying infrastructure that supports node operations and mainnet activity. The v25 upgrade is the next major milestone, with a scheduled completion deadline of June 18. However, the team recently clarified that it might need more time, hinting at a likely delay.

Besides that, Pi Network encouraged Pioneers to help expand the ecosystem by inviting Vibe coders to bring their AI-driven applications into the project’s real distribution network through Pi App Studio. The initiative will run until Pi2Day – the symbolic day for the community, celebrated annually on June 28.

The Core Team also published a fresh update on the state of the Pi Launchpad testing period, which features the new test token, SLICE. The development’s goal is to introduce users to new ecosystem token mechanics and educate the community on how to participate with DeFi mechanisms.

“The updated participation flow is simpler and clearer. Participation is now centered around the commitment amount, which has a direct effect on token acquisition. A Pioneer chooses how much Test-Pi they want to commit, and the Launchpad automatically calculates the related “fair-access hold,” and then shows the commitment amount, hold amount, and total together before confirmation,” the message reads.

Most recently, Pi Network said that its Ecosystem Directory Staking got a “new look and improved user experience.” The team explained that by staking PI coins, Pioneers can collectively support applications and services while developers and creators can promote their products and tap into Pi’s 60M+ engaged community to acquire users.

DOGE in Trouble?

The largest meme coin by market capitalization has suffered from the prolonged bear market, with its price crashing 52% over the past year to $0.08. Moreover, the recent whale behavior suggests that bulls might have to endure more pain in the short term.

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As CryptoPotato reported, 420 million DOGE have been distributed by these market participants in the last seven days, and their total holdings have dropped to nearly 35 billion coins.

This shouldn’t be interpreted as a direct sign of a further collapse, yet it hints that these investors are positioning for one. Their actions are closely watched by retail traders, who could follow and amplify the sell-off.

ADA’s Crisis

Cardano’s native token has tumbled even more than DOGE. Its valuation plunged to roughly $0.16, its market capitalization dropped below $6 billion, and the asset may soon no longer be among the top 20 cryptocurrencies.

The worrying signals from Cardano’s co-founder, Charles Hoskinson, have sparked further panic within the community, while some popular analysts believe conditions may worsen in the near future.

Ali Martinez, for instance, claimed that ADA has been forming a bearish flag since the start of June and is now breaking from the structure. That said, he argued, “the odds have significantly increased for a bigger price correction towards $0.13.”

Key points:

Bitcoin sellers are defending the $80,000 level, but the shallow pullback suggests the bulls are not closing their positions in a hurry.Several major altcoins continue to face selling near overhead resistance levels, restricting the rally to mainly BTC, Ether and SOL.

Bitcoin (BTC) is facing selling near $80,000, but the bulls have not ceded much ground to the bears. That suggests the bulls are holding their positions as they anticipate the recovery continuing. US spot BTC exchange-traded funds recorded $223 million in inflows on Thursday, the eighth consecutive day of intake, according to Farside Investors data.

Bitcoin was not alone in its rally; analysts anticipate altcoins may join the party soon. MN Trading Capital founder Michael van de Poppe said in a post on X that BTC may surge to $86,000 and the altcoins may rally “30-60% from here.” On the downside, Van de Poppe does not expect BTC to drop below $75,000.

Crypto market data daily view. Source: TradingView

However, BTC’s move higher is unlikely to be easy, as bears are expected to pose substantial resistance near $80,000. CoinGlass said in a post on X that BTC’s whale order book shows “heavy sell pressure” in the $78,000-$80,000 range.

Could BTC and select major altcoins resume their relief rally? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

BTC rose above the $78,333 resistance on Wednesday, but bulls failed to sustain the move higher. 

BTC/USDT daily chart. Source: Cointelegraph/TradingView

That suggests the bears have not given up and continue to sell on rallies. The 20-day exponential moving average ($74,469) is the crucial support to watch out for on the downside. If the price rebounds off the 20-day EMA, the bulls will again attempt to thrust the BTC/USDT pair toward the $84,000 level.

Contrary to this assumption, if the BTC price turns down and breaks below the 20-day EMA, it suggests that the bulls have given up. The pair may then descend to the 50-day simple moving average ($71,168).

Ether price prediction

Ether (ETH) turned down from the $2,465 resistance on Wednesday and fell to the 20-day EMA ($2,280).

ETH/USDT daily chart. Source: Cointelegraph/TradingView

If the 20-day EMA breaks down, the ETH price may tumble to the 50-day SMA ($2,166) and later to the support line of the ascending channel pattern.

Contrarily, a strong bounce off the 20-day EMA suggests a positive sentiment. That improves the prospects of a break above the $2,465 level. The ETH/USDT pair may then rise to the resistance line, where the bears are expected to mount a strong defense. However, if buyers overcome the obstacle, the pair may skyrocket to $3,050.

XRP price prediction

Buyers have held XRP (XRP) above the moving averages but are struggling to push the price toward the downtrend line.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

That suggests a lack of demand at higher levels and increases the risk of a break below the moving averages. If that happens, the XRP/USDT pair may consolidate between $1.27 and $1.61 for a few more days.

Instead, if the XRP price bounces off the moving averages and breaks above $1.51, it indicates an advantage to the bulls. A trend change will be signaled on a close above the downtrend line.

BNB price prediction

Buyers pushed BNB (BNB) above the $649 resistance on Wednesday but could not sustain the higher levels. 

BNB/USDT daily chart. Source: Cointelegraph/TradingView

Sellers are attempting to strengthen their position by pulling the BNB price below the moving averages. If they succeed, the BNB/USDT pair may swing between $570 and $687 for a while longer.

The next trending move is expected to begin on a close above the $687 resistance or below the $570 support. If the $687 level is scaled, the pair may soar to $790. Conversely, a close below $570 may sink the pair to $500.

Solana price prediction

Solana (SOL) has been clinging to the moving averages over the past few days, signaling a state of equilibrium between bulls and bears.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The flattish moving averages and the RSI near the midpoint suggest that the SOL/USDT pair may remain inside the $76 to $98 range for some more time.

Buyers will be back in the driver’s seat on a close above the $98 resistance. That opens the doors for a rally to $117. On the downside, the bears will have to push the SOL price below $76 to gain the upper hand. The pair may then slump to the crucial $67 support.

Dogecoin price prediction

Dogecoin (DOGE) is struggling to break above the $0.10 resistance level, suggesting bears are aggressively defending it.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($0.09) has started to turn up, and the RSI is in the positive zone, signaling that the bulls have the upper hand. If the $0.10 level is taken out, the DOGE/USDT pair may surge to the $0.12 resistance.

On the contrary, if the DOGE price turns down and breaks below the moving averages, it suggests that the bulls have given up. That increases the risk of a break below the $0.09 support.

Hyperliquid price prediction

Hyperliquid (HYPE) is witnessing a tough battle between the bulls and the bears at the 20-day EMA ($40.95).

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

The flattening 20-day EMA and the RSI just above the midpoint signal a balance between supply and demand. If the HYPE price rises and maintains above $42, the bulls will endeavor to clear the $45.77 hurdle. If they can pull it off, the HYPE/USDT pair may surge to $50.

This positive view will be negated in the near term if the price turns down and breaks below the 50-day SMA. The pair may then deepen its pullback to $34.45.

Related: Strategy stock beats Bitcoin after rising 25% in a month: BTC bottom in?

Cardano price prediction

Buyers tried to push Cardano (ADA) above the 50-day SMA ($0.25) on Wednesday, but the bears held their ground.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

The bulls will again attempt to thrust the ADA price above the 50-day SMA and the downtrend line of the descending channel pattern. If they succeed, the ADA/USDT pair may surge to $0.32 and then to $0.37, signaling a potential trend change.

On the other hand, if the price turns sharply down from the downtrend line and breaks below the $0.22 support, it suggests the pair may remain within the channel for a few more days.

Bitcoin Cash price prediction

Bitcoin Cash (BCH) closed above the 50-day SMA ($453) on Wednesday, and the bulls successfully defended the level during the retest on Thursday and Friday.

BCH/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($449) has begun to turn higher, and the RSI is just above the midpoint, indicating a slight edge for the bulls. If the BCH price turns higher from the current level and moves above $474, the next target is likely $486. Sellers are expected to vigorously defend the $486 level, as a close above it opens the door to a rally to $520.

Alternatively, if the price turns down and breaks below the moving averages, it suggests that the bears remain sellers on rallies. That may keep the BCH/USDT pair range-bound between $419 and $486.

Monero price prediction

Monero (XMR) bounced off the 20-day EMA ($353) on Thursday, indicating solid demand at lower levels.

XMR/USDT daily chart. Source: Cointelegraph/TradingView

Buyers will attempt to strengthen their position by pushing the XMR price above the $382 resistance and maintaining it there. If they manage to do that, the XMR/USDT pair may rally toward the pattern target of $462.

Sellers are likely to have other plans. They will strive to defend the $382 level and pull the price back below the moving averages. If they do that, the pair may extend its stay inside the $302 to $382 range for some more time.

Key points:

Bitcoin dropped to a crucial support level where buyers are expected to step in; if they fail, the next stop may be $65,000.Select major altcoins have slipped to critical support levels as crypto markets continue to fall far behind stock markets.

Bitcoin (BTC) dropped under $71,000 on reports that Strategy sold 32 BTC last week at an average price of $77,135 per BTC. This was Strategy’s first reported BTC sale since a 2022 tax-loss transaction. The quantity sold is minuscule compared with Strategy’s total holding of 843,706 BTC, but it has hurt short-term investor sentiment.

BTC’s weakness follows $2.96 billion in outflows from US spot BTC exchange-traded funds since May 15, according to Farside Investors data. Santiment said in a recent report that the large amount of money leaving BTC ETFs in a short period shows “peak fear, frustration, or risk aversion” among investors. The crypto analytics firm added that the massive outflows may be a sign that a bottom may be near.

Crypto market data daily view. Source: TradingView

While some analysts anticipate BTC to hit a new cycle low below $60,000, economist Timothy Peterson said in a post on X that BTC may “grind higher over the summer, by a few percentage points, topping out in the last week of July.

Could BTC and the major altcoins break below their support levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out. 

S&P 500 Index price prediction

The S&P 500 Index (SPX) is trading just under the new all-time high of 7,599 hit on Friday, indicating that bullish momentum remains intact.

SPX daily chart. Source: Cointelegraph/TradingView

The relative strength index (RSI) has risen into the overbought zone, but that in itself is not a sign of a market reversal. If the price remains above the 20-day exponential moving average (7,415), the possibility of a rally to 8,000 increases.

This positive view will be invalidated in the near term if the price turns down sharply and closes below the 20-day EMA. That suggests profit-booking by short-term traders. The index may then plunge to the 7,000 level, which is likely to act as strong support.

US Dollar Index price prediction

Buyers pushed the US Dollar Index (DXY) above 99.51 on Thursday, but couldn’t sustain the higher levels.

DXY daily chart. Source: Cointelegraph/TradingView

The flattening of moving averages and the RSI just above the midpoint do not give a clear advantage to either the bulls or the bears.

If the price rises above 99.55, the index may reach the overhead resistance at 100.54. Sellers are expected to fiercely defend the 100.54 level, as a break above it would signal the start of a new uptrend toward the 102 level. 

On the downside, a close below the moving averages opens the door to a drop to 97.74.

Bitcoin price prediction

BTC continued its downward march, reaching the support line, which is a critical level for the bulls to defend.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

If the BTC price bounces off the support line, the bears will attempt to halt the relief rally at the 20-day EMA ($75,702). If the price turns down from the moving averages, it increases the risk of a break below the support line. The BTC/USDT pair may then tumble to $65,000 and subsequently to $60,000.

Buyers will have to push the BTC price above the 50-day simple moving average ($77,310) to signal strength. If they do that, the BTC/USDT pair may retest the crucial $84,000 overhead resistance.

Ether price prediction

Ether (ETH) has been gradually sliding toward the $1,916 support, indicating that the bears remain in control.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

The bulls will attempt to start a rebound off the $1,916 level, but the relief rally is expected to encounter selling at the 20-day EMA ($2,097). If the ETH price turns down sharply from the 20-day EMA, it increases the risk of a break below the $1,916 support. The ETH/USDT pair may then slump to $1,750.

Buyers will need to swiftly push the price above the moving averages to keep the pair within the $1,916 to $2,465 range for a few days.

BNB price prediction

BNB’s (BNB) range-bound action between $570 and $687 resolved in favor of the bulls on Saturday.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

BNB price rose to $745 on Sunday, where profit-booking set in. The BNB/USDT pair has pulled back below the breakout level of $687, indicating that traders are rushing for the exits. If the price continues lower and breaks below the moving averages, it suggests that the breakout above $687 may have been a bull trap. The pair may then collapse to $570.

Buyers will have to fiercely defend the moving averages and push the price back above $745 to gain the upper hand. The pair may then rally to $790 and later to $900.

XRP price prediction

XRP (XRP) turned down from the 20-day EMA ($1.35) on Saturday, signaling that the bears continue to sell on minor relief rallies.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

The bears will attempt to yank the XRP price below the $1.27 level. If they can pull it off, the XRP/USDT pair may retest the Feb. 6 low of $1.11 and eventually the psychological support at $1.

The first sign of strength will be a break and close above the 50-day SMA ($1.39). That suggests buying at lower levels. The pair may then ascend to the $1.61 level, where the bears are expected to step in. 

Solana price prediction

Solana (SOL) failed to sustain above $82.65, indicating that the bears flipped the level into resistance.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The SOL/USDT pair may plummet to $76, a level likely to attract buyers. If the price bounces off the $76 support but turns down from the 20-day EMA, it increases the likelihood of a drop to $67.

Contrary to this assumption, if the SOL price rises and breaks above the moving averages, it suggests the pair may remain within the $76 to $98 range for a while longer.

Related: Hyperliquid’s HYPE breakout puts $100 price target in play

Hyperliquid price prediction

Hyperliquid (HYPE) continued its northward march toward the $77 level, indicating solid demand from the bulls.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

The sharp up move has pushed the RSI into the overbought territory, signaling a possible consolidation or correction in the near term. The first support on the downside is at $64, and then the 20-day EMA ($58). Sellers will have to push the HYPE price below $54 to seize control.

The $77 level may act as a hurdle, but if bulls prevent the price from dipping below $64, the rally may continue. A close above $77 clears the path for a rally to the $85 to $89 zone. 

Dogecoin price prediction

Buyers have failed to push Dogecoin (DOGE) above the moving averages, indicating a lack of demand at higher levels.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The bears will attempt to pull the DOGE price down to the $0.09 support level. Buyers are expected to vigorously defend the $0.09 level, as a close below it may sink the DOGE/USDT pair to the Feb. 6 low of $0.08.

On the contrary, if the price rises from the current level or the $0.09 support and breaks above the moving averages, it suggests that the pair may remain within the $0.09 to $0.12 range for some time.

Zcash price prediction

Zcash (ZEC) closed above the 20-day EMA ($558) on Sunday, but the bulls could not sustain the higher levels.

ZEC/USDT daily chart. Source: Cointelegraph/TradingView

The bears will attempt to strengthen their position by pulling the ZEC price below the 50-day SMA ($475). If they do that, the ZEC/USDT pair will complete a bearish head-and-shoulders pattern. The pair may then plunge to $400.

Contrary to this assumption, if the price turns up sharply from the 50-day SMA and rises above the 20-day EMA, it suggests buying at lower levels. That may keep the pair range-bound between $475 and $690 for a few days.

“DOGE is on a good level for accumulation,” one popular X user claimed.

DOGE has fared poorly over the past months, mirroring the bearish conditions of the broader crypto market and the waning interest in the meme coin sector.

Nonetheless, numerous analysts remain bullish that a major pump could be on the way.

The Possible Catalyst

The OG meme coin has collapsed well below $0.10, yet it now trades above $0.081. This level is specifically important to the popular analyst Ali Martinez, who described it as “the lower mid-range boundary” of a five-year parallel channel activity since 2021.

He argued that, since its inception, Dogecoin has progressed through multi-year consolidation channels before entering bull markets, and that holding beyond that mark could create the conditions for another “parabolic move.”

This isn’t the first time Martinez has commented on DOGE this week. He revealed that the Tom DeMark Sequential indicator flashed a buy signal on the asset, suggesting a rebound could be on the horizon. It is important to note that this technical analysis tool successfully predicted Dogecoin’s correction in early May when the price slipped from $0.113 to $0.078.

Other market observers who foresee a bright future for the coin include Trader Tardigrade and MikybullCrypto. The former opined that “Doge season is ahead of us,” whereas the latter sees the ongoing levels as a strong accumulation zone.

Prior to that, MikybullCrypto claimed that DOGE has reached a level that triggers “a massive rally” to a new all-time high. They envisioned an explosion to as high as $2.50, which at the moment seems a bit unrealistic (to say the least). After all, it would require the meme coin’s market capitalization to skyrocket above $360 billion – a figure currently surpassed only by Bitcoin (BTC).

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Whales and More

The recent behavior of large investors further strengthens the bullish case. As CryptoPotato reported, these market players acquired 200 million DOGE in just a week, potentially positioning themselves for the next upward move. Their actions could encourage smaller investors to follow suit and distribute fresh capital into the ecosystem.

Next on the list is DOGE’s exchange netflow. Data show that outflows have dominated inflows over the last several weeks, suggesting that investors have abandoned centralized platforms in favor of self-custody methods, thereby reducing immediate selling pressure.

Dogecoin whales have also gone on a substantial accumulation spree lately.

Dogecoin could be primed for a major reversal, at least according to the metric that recently predicted its price crash to a 14-month low.

Meanwhile, analysts seem confident that DOGE’s current price range is a “good accumulation zone,” something that whales have taken advantage of lately.

DOGE to Rebound Soon?

The leading meme coin rode the mid-May push wave quite impressively, going from $0.092 to a multi-week peak at almost $0.12 at the time. However, the subsequent market-wide correction and overall weakness led to massive price declines.

One of the indicators that suggested a more notable DOGE drop was the Tom DeMark (TD) Sequential. It flashed a major sell signal for the OG meme coin in early May on the 3-day chart, and although it took some time, the asset indeed dumped hard, going from $0.113 to under $0.08, which became its lowest price tag in over a year.

Now, this same indicator, which is used to determine the underlying asset’s market exhaustion in either direction, has flipped bullish, according to Ali Martinez. The analyst predicted that after the 30% correction, a “rebound could be around the corner” for DOGE.

Meanwhile, fellow analyst MikybullCrypto outlined a similar perspective, indicating that the meme coin currently sits on a “good level for accumulation.” As reported yesterday, Dogecoin whales have started purchasing at these lower levels, accumulating over 200 million tokens in a week.

Some Reaction?

Another popular crypto commentator, Daan Crypto Trades, also weighed in on DOGE’s recent price moves, suggesting that the token typically retraces to the $0.06-$0.08 range in bear markets. History shows, though, that it tends to get “some kind of reaction” once it gets there.

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This same level was tested in February, and it held, but he added that “it’s still good to watch.” Daan noted that DOGE has fallen out of investors’ radar lately, but that doesn’t mean that it cannot repeat some of its previous historic rallies, many of which began from the current levels.

$DOGE Not one that many people are trading or looking at, but I do always like to watch high timeframe sweeps/supports on majors like these.

DOGE does tend to move back to this $0.06-$0.08 zone during its bear markets and usually gets some kind of reaction.

Obviously this level… pic.twitter.com/NE9TCJPTm2

— Daan Crypto Trades (@DaanCrypto) June 10, 2026

Meanwhile, the spot DOGE ETFs continue to disappoint with lackluster performance.

The leading meme coin was not spared from the market-wide calamity at the end of the previous business week, and its subsequent recovery is yet to impress.

However, this has allowed large investors to accumulate at lower prices. Santiment data shared by popular analyst Ali Martinez shows that the so-called whales have acquired over 200 million tokens in the past week alone.

The graph below demonstrates that their DOGE holdings kept increasing in the past several days, hitting 18.84 billion coins.

Over the past week alone, whales have accumulated more than 200 million Dogecoin $DOGE. https://t.co/PZF6Vdi85j pic.twitter.com/FW7XZig7YG

— Ali Charts (@alicharts) June 10, 2026

As mentioned above, DOGE was swept last week, especially on Friday, dipping below $0.08 for the first time since February 2025. Despite recovering slightly to $0.084 as of press time, the OG meme coin remains highly depressed, at 89% away from its May 2021 all-time high.

Martinez also warned recently that DOGE could be on the verge of a more profound decline if certain metrics align. As reported, he noted that the meme coin’s price action has followed multi-year consolidation channels, where it has repeatedly moved through extended ranges that compress volatility and redistribute supply before larger cycles begin.

Citing several on-chain metrics, he explained that DOGE could drop to $0.058 if the $0.081 floor gives in.

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Meanwhile, data from SoSoValue clearly shows that ETF investors have not expressed any interest in the largest meme coin. More specifically, there has been only one day of actual inflows since May 19: all the rest have seen no reportable action.

The three funds tracking the asset’s performance have attracted a very modest $12.44 million since their inception in late November 2025.