Dogecoin indicates buy signal after 31% drop, analyst predicts recovery.

June 12, 2026

, whether Dogecoin can break through these resistance levels will depend on Bitcoin’s ability to sustain its recovery momentum.

Ali Martinez also pointed out that there is strong on-chain support for Dogecoin’s price near the $0.081 level. Over 30 billion $DOGE have recently traded at this level, indicating significant buying interest. Additionally, whales have accumulated over 200 million $DOGE in the past few weeks, further supporting the notion of continued interest at current price levels.

Martinez views the range between $0.081 to $0.058 as an attractive dollar-cost averaging zone for long-term investors. He shared a chart suggesting that Dogecoin could potentially reach $0.50, move towards the $1 mark, and potentially even beyond.

Currently, Dogecoin is at a critical technical juncture, with the newly flashed TD Sequential buy signal providing a positive outlook for bulls. This signal, combined with strong on-chain support and potential positive movement in Bitcoin, signals a possible rebound for Dogecoin in the near future.

The recent movements in Dogecoin’s price have been closely tied to Bitcoin’s performance, as both cryptocurrencies have displayed similar trends. Bitcoin’s recent rise and ability to stabilize above the $63,550 level have lifted market sentiment and have been a contributing factor to the positive movement in several altcoins, including Dogecoin.

Overall, the technical indicators and on-chain support suggest that Dogecoin might be gearing up for a recovery. The upcoming days will be crucial to determine whether Dogecoin can break through key resistance levels and continue its positive trajectory. Nevertheless, market conditions can change rapidly, so investors should exercise caution and keep a close eye on developments in the crypto space.