Dogecoin bulls have a fresh talking point after DOGE slid last week. The pitch comes from crypto analyst Emilio Crypto Bojan, who called the drop a “generational entry” in an X post, then pointed to volume behavior after the low.
Volume picked up right after the low
NewsBTC reports that DOGE fell by about 14% to $0.07763 during a high volatility week when Bitcoin dropped to $59,000. Bojan’s argument hinges on what happened next. NewsBTC says trading volume began rising soon after DOGE hit that low point, a sign that many investors bought rather than sold.
Bojan also frames the move from there as confirmation of buyer interest. NewsBTC says DOGE has recovered to around $0.08529 and maintained strong trader attention, with 24-hour trading volume of about $812.7 million and market value around $14.5 billion.
The chart trigger: reclaim $0.099
The next line in the analyst case is a specific resistance level. NewsBTC says Bojan is watching $0.099 and treats it as an important ceiling for DOGE. His expectation is straightforward. If DOGE moves above $0.099 and stays there, it would signal that buyers have regained control, leading to a “pump hard” phase, in his words.
That’s a market-structure claim, not a guarantee. The practical takeaway is that $0.099 is the line analysts think the market must reclaim for momentum to shift.
On-chain signal cuts the other way
There’s also an on-chain detail from Santiment that complicates the “everyone bought the dip” narrative. NewsBTC says wallets holding between 100 million and 1 billion DOGE have been reducing their holdings in recent weeks. Those wallets now control 23% of DOGE’s circulating supply, described as the lowest level in five months.
At the same time, NewsBTC reports that wallets holding more than 1 billion DOGE, often associated with exchanges, have increased their share. Their holdings now account for 47% of circulating supply, which NewsBTC says suggests higher activity, including retail-side participation.
So you get a split read. Price and volume may reflect renewed buying pressure. But Santiment’s balance-sheet view implies at least one cohort of holders is distributing, even as larger buckets expand their share.
“Historic pattern” theory resurfaces
A second analyst angle comes from Trader Tardigrade, also cited by NewsBTC. The analyst points to a chart pattern that he says mirrors DOGE’s historic bull cycle, with a long consolidation period followed by a falling wedge and then a breakout.
NewsBTC says Tardigrade ties this to the 2014 to 2017 run, where DOGE rallied by roughly 29,000% after the pattern completed. That comparison is meant to argue that similar market structure could be forming now.
Again, it’s pattern repetition, not proof of future outcomes. Cycles rhyme until they don’t.
Where this leaves DOGE right now
Ali Martinez adds a different technical marker. NewsBTC says DOGE reached his target price of $0.0883 and is now testing the lower boundary of its trading channel. Martinez’s view, per NewsBTC, is that if DOGE stays above that support level, a recovery toward $0.1019 and possibly $0.1156 remains likely.
At press time, NewsBTC says DOGE was valued at $0.08522, citing CoinMarketCap data.
Key levels and data cited in the report
| Item | Figure cited by NewsBTC | What it’s used for |
|---|---|---|
| Weekly price drop | ~-14% to $0.07763 | Sets the “low” for renewed buying volume |
| Market recovery | ~ $0.08529 | Shows post-drop rebound |
| 24-hour trading volume | ~$812.7M | Signals current demand from traders |
| Market value | ~$14.5B | Scale of the asset |
| Resistance level to reclaim | $0.099 | Bull case trigger for regained control |
| Santiment mid-wallet share (100M–1B DOGE) | 23% | Said to be lowest in five months |
| Santiment large-wallet share (>1B DOGE) | 47% | Said to be rising, often exchange-linked |
| Martinez target hit | $0.0883 | Bull target achieved, now testing channel lower boundary |
| Support channel boundary | Not quantified in dollars | Claimed as the line that must hold |
| Upper targets mentioned | $0.1019 and $0.1156 | Possible recovery zones in Martinez’s view |
The real question: demand vs distribution
The desk’s read on the report is simple. Bojan’s volume thesis says demand showed up after the low. Santiment says a chunk of mid-sized holders cut back even as large buckets gained share.
That combination can still fit a bullish narrative, but it raises the bar for the “buyers regained control” claim. The $0.099 level matters because it’s the point where analysts say the market structure flips.
Until then, DOGE’s asset risk stays obvious. Traders can push volume higher, but on-chain holder shifts can also mean distribution and supply remains in play.