Key Highlights
Major Dogecoin holders accumulated 200 million tokens through Robinhood, representing approximately $14 million in value
Futures open interest increased by 3.74% to reach $1.08 billion, accompanied by a 114% spike in derivatives trading volume to $739.56 million
DOGE exchange-traded fund recorded zero daily inflows on July 17, while maintaining cumulative inflows at $11.77 million
Technical analysts identify double-bottom formation with projected price objectives between $0.653 and $3.25
Current DOGE trading price hovers around $0.072, maintaining position above critical $0.070 support zone
The popular meme cryptocurrency Dogecoin continues to maintain its position above the crucial $0.070 support threshold as renewed whale accumulation and expanding derivatives market activity draw attention to the digital asset. Trading data from Monday showed DOGE changing hands at $0.07212, representing a 1.07% decline during the most recent four-hour trading period. Dogecoin (DOGE) Price
Large cryptocurrency holders, commonly referred to as whales, acquired 200 million DOGE tokens via the popular trading platform Robinhood, representing a transaction valued at approximately $14 million. Such substantial purchasing activity from major market participants typically influences near-term market sentiment and can create ripples throughout liquidity dynamics. Within the derivatives marketplace, trading activity experienced a dramatic 114% increase, reaching approximately $739.56 million during a single trading session.
Simultaneously, open interest—representing the total value of outstanding derivative contracts—climbed 3.74% to hit $1.08 billion, indicating that additional capital continues flowing into active trading positions. Market analyst Ali Charts shared observations on the social platform X, noting that Dogecoin’s weekly TD Sequential indicator has generated multiple consecutive buy signals. According to his assessment, this represents an uncommon technical configuration that may be foreshadowing a significant bullish price movement. Dogecoin $DOGE just keeps printing buy signals.
The weekly TD Sequential has now flashed multiple consecutive buy signals—a rare setup that could be warning a major bull rally is approaching. pic.twitter.com/DrOI9nqJ2I
— Ali Charts (@alicharts) July 21, 2026
Exchange-Traded Fund Activity Pauses While Technical Outlook Remains Constructive
According to data compiled by SoSoValue, DOGE spot exchange-traded fund products recorded zero daily inflows on July 17, 2026. Nevertheless, the cumulative net inflow figure held firm at $11.77 million, while total net assets across all DOGE ETF offerings stood at approximately $10.03 million. Technical analyst Javon Marks suggests that DOGE has successfully breached a significant resistance level and is currently consolidating—a period of sideways movement he characterizes as similar to consolidation phases observed before previous upward price movements. His projected price objectives include $0.653, levels above $0.70, and an extended target of $1.25. Market observer Namtoshi Dogemoto has spotted a weekly double-bottom chart pattern featuring two rounded troughs.
The second trough exhibited increased trading volume, with the pattern’s neckline positioned between $0.45 and $0.50. Classic Reversal Pattern Suggests Extended Upside Potential
Should price action successfully breach above the identified neckline, it could trigger a more substantial rally, with Dogemoto highlighting a measured move projection exceeding $3.
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He additionally observed that the weekly Relative Strength Index is emerging from oversold conditions, mirroring the market structure witnessed before the 2024–2025 bullish movement. $Doge/weekly#Dogecoin has formed a massive Double Bottom — and the measured move is screaming. 📉 First bottom ✅
📉 Second bottom 🔄
🎯 Target: $3.25 🔄
The structure is perfect. This is one of the most reliable reversal patterns in technical analysis. $3.25 incoming 🚀 pic.twitter.com/AqzRHfGvSm
— Trader Tardigrade 🧬 (@TATrader_Alan) July 19, 2026
Another independent technical analyst has identified a double-bottom formation on the weekly timeframe, establishing a price target of $3.25 contingent upon a definitive breakout confirmation. This projection remains theoretical pending pattern validation through price action.
From a technical indicator perspective, the MACD histogram has turned marginally positive at 0.00003, suggesting that bearish momentum may be weakening. The Chaikin Money Flow indicator advanced to 0.28, indicating enhanced capital accumulation.
A confirmed breakout above the $0.075 threshold could propel DOGE toward the $0.080 level, with subsequent resistance anticipated at $0.085. Conversely, a breakdown below $0.070 would likely direct price action back toward $0.068. As of Monday’s trading session, DOGE maintained its position above $0.070 with cumulative ETF inflows remaining stable at $11.77 million.
