Key Highlights
- Major cryptocurrency whales acquired 200 million DOGE tokens through Robinhood, representing approximately $14 million in value
- Derivatives open interest increased 3.74% to reach $1.08 billion, accompanied by a 114% surge in trading volume to $739.56 million
- Dogecoin ETF recorded zero daily inflows on July 17, while total cumulative inflows remained stable at $11.77 million
- Technical analysts have identified a double-bottom formation with potential price objectives between $0.653 and $3.25
- The meme cryptocurrency is currently trading near $0.072, maintaining position above critical $0.070 support level
The popular meme cryptocurrency Dogecoin is maintaining stability above the crucial $0.070 support zone amid renewed interest from major investors and increasing derivatives market activity. On Monday, the token was changing hands at $0.07212, reflecting a modest 1.07% decline during the most recent four-hour trading period.
Large-scale investors have accumulated 200 million DOGE tokens via the Robinhood platform, representing a transaction valued at approximately $14 million. Such substantial accumulation by major holders typically influences near-term market sentiment and can create significant impacts on liquidity dynamics.
Within the derivatives marketplace, trading activity experienced a dramatic 114% increase, reaching approximately $739.56 million during a single trading session. Meanwhile, open interest expanded by 3.74% to $1.08 billion, indicating that more capital is being deployed into active trading positions.
Market analyst Ali Charts shared observations on X platform indicating that Dogecoin’s weekly TD Sequential indicator has generated several consecutive buy signals. According to his assessment, this represents an uncommon technical configuration that may be signaling the beginning of a substantial bullish movement.
Exchange-Traded Fund Activity Pauses While Technical Picture Remains Constructive
According to SoSoValue tracking data, daily inflows into DOGE spot ETF products fell to zero on July 17, 2026. However, the cumulative net inflow figure held firm at $11.77 million, while the aggregate 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 behavior pattern he considers similar to formations observed before previous upward momentum phases. His analysis projects potential price objectives at $0.653, above $0.70, followed by $1.25.
Meanwhile, analyst Namtoshi Dogemoto has pinpointed a weekly double-bottom chart pattern featuring two rounded troughs. The second trough demonstrated increased trading volume, with the neckline positioned between $0.45 and $0.50.
Technical Formation Suggests Extended Upside Potential
Should price action break decisively above the neckline resistance, it could trigger a more substantial rally. Dogemoto’s measured move projection points to a target exceeding $3. He also highlighted that the weekly RSI indicator is emerging from oversold conditions, mirroring the technical structure observed before the 2024–2025 bull run.
Another independent market analyst has detected a double-bottom configuration on the weekly timeframe, projecting a price objective of $3.25 contingent upon a confirmed breakout. This projection remains theoretical until the pattern receives validation through decisive price movement.
From a technical indicator perspective, the MACD histogram has shifted slightly into positive territory at 0.00003, suggesting that bearish pressure is diminishing. The Chaikin Money Flow indicator advanced to 0.28, indicating enhanced capital accumulation.
A confirmed move above the $0.075 resistance level could propel DOGE toward $0.080, with subsequent resistance anticipated at $0.085. Conversely, a breakdown below the $0.070 support would likely drive prices back toward $0.068.
As of Monday’s trading session, DOGE maintained its position above $0.070 with cumulative ETF inflows remaining steady at $11.77 million.
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