The increasing selling pressure in the cryptocurrency markets in recent weeks has hit meme coins especially hard. During this period, Dogecoin (DOGE) attracted attention with both the price drop and weakening investor interest. However, some signals appearing on the technical analysis front raise the possibility of an earlier recovery than the market thinks. According to the data shared by the famous analyst Ali Charts, an important “buy” signal has formed on the Dogecoin chart.
The DOGE price dropped from $0.11 to $0.09 in the first days of February 2026, losing approximately 18 percent in the last seven days. While this sharp decline proceeds in parallel with the general market correction, technical indicators point to a structure approaching the oversold zone. In particular, the introduction of the TD Sequential indicator may open the door to a short-term trend change.
What Do Technical Indicators and Liquidity Move Tell?
The TD Sequential “9” buy signal, highlighted by Ali Charts, has formed on the daily chart of Dogecoin. This indicator aims to detect points where trends are tiring by monitoring consecutive downward closes. Historical data show that this signal for DOGE has paved the way for reaction increases ranging from 20 percent to 50 percent in the past. It is followed closely by investors, especially when it occurs at strong support levels.
On the other hand, analyst BitGuru points out that the price has swept the downside liquidity around $0.09. This type of “liquidity clearing” can result in weak hands leaving the market and long-term investors starting to take positions. Considering that Dogecoin has been consolidating in the $0.10–$0.15 range for four months, the current zone stands out as a long-term demand area. If buyers defend this level, it is possible for the price to move towards the old band range again.
On the technical side, touching the lower limit of the Bollinger Bands and the RSI falling to 33 levels indicate that the market is approaching the oversold limit. However, it should not be forgotten that the downward trend has not been completely broken yet.
Dogecoin and Other Developments on the Market Agenda
These technical signals on the Dogecoin front are not independent of the general atmosphere of the market. In the same period, Bitcoin falling below the 60 thousand dollar level and weak volume transactions in Ethereum increased the pressure on altcoins. Additionally, the acceleration of net outflows to spot Bitcoin ETFs in the US in recent days has limited the appetite for risky assets in the short term.
As a result, Dogecoin is at a critical threshold both technically and psychologically. Maintaining the current support zone could enable a short-term relief rally. However, before closes above $0.114 are seen, it may be too early to talk about a strong trend reversal. Investors need to pay more attention to risk management than ever in this period of high volatility.
