Dogecoin is hovering around $0.096 after a 6% weekly decline, but a batch of technical indicators and analyst calls suggest the meme coin could be nearing a bounce. While the broader market saw Bitcoin drop 10% and altcoins like BCH and SUI lose around 20%, Dogecoin’s relatively smaller slide has left its Relative Strength Index below 30 — a classic oversold signal that has preceded price surges in the past.
The buy signals piling up
The TD Sequential indicator has flashed a buy signal on Dogecoin, according to analyst Ali Martinez. Martinez suggested that if the $0.096 support holds, a move to $0.11 could occur. Separately, X user CryptoBoss predicted a rise to roughly $0.108 in the coming days, calling current levels a buying opportunity. Analyst CoinForge added that Dogecoin is about to form a breakout phase similar to 2024’s descending triangle pattern, expecting a significant move. On the more ambitious end, analyst MikybullCrypto set a target of $2.50 — a call that would imply a market cap over $385 billion, higher than Ethereum’s current ~$240 billion and second only to Bitcoin.
What the on-chain data shows
Exchange netflows for Dogecoin show outflows outpacing inflows over several days, suggesting investors are moving tokens to self-custody. That reduces the available supply on exchanges and typically signals a reduction in near-term selling pressure. Combined with an RSI below 30, the data adds weight to the idea that sellers are exhausted and accumulation has started.
The catch
Not all predictions carry equal weight. The $2.50 target from MikybullCrypto would require Dogecoin’s market cap to surpass Ethereum’s — a feat that would demand a massive shift in capital flows and sentiment. Shorter-term targets from Martinez and CryptoBoss are more grounded in the current chart setup, but they hinge on the $0.096 level holding. If that floor breaks, the oversold reading alone may not stop the slide.
The next few days will test whether the technical signals and accumulation trends can overcome the broader market weakness. So far, Dogecoin’s relative resilience has kept it in the spotlight — but the proof will be in price action, not predictions.
