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Dogecoin has recently drawn attention from traders and analysts due to mixed signals emerging from both on-chain activity and technical indicators. The TD Sequential indicator on TradingView flashed a “9” buy setup on the 4-hour chart, marking a potential reversal point after weeks of bearish movement. This development comes amid a notable on-chain event: a large withdrawal of 32.9 million
, valued at approximately $6.96 million, from Binance over a 16-hour period [2].According to crypto analyst Ali Martinez, the TD Sequential setup suggests a potential turning point for the
price trend. The indicator historically correlates with significant price reversals, and its appearance now signals a possible recovery phase. Over recent sessions, DOGE had been in a downward trend, falling from highs near $0.244 to around $0.209. The recent signal marks a shift in the chart’s dynamics, though traders are awaiting confirmation of a sustained upward move [1].The large withdrawal of Dogecoin has also sparked discussion among market observers. On-chain data platform Nansen reported the transaction, and Onchain Lens highlighted the move on social media. Analysts noted that such large transfers are typically indicative of accumulation or movement into cold storage, suggesting a long-term holding intent rather than immediate selling. This aligns with broader sentiment that investors are becoming more confident in Dogecoin’s potential despite its recent underperformance [2].
At the time of writing, Dogecoin traded at $0.2191, reflecting a 3.27% gain over the last 24 hours [2]. While the price has not broken above its recent high of $0.244, the convergence of on-chain strength and technical signals points to a possible shift in market psychology. Analysts caution, however, that failure to hold current levels could reinforce the bearish trend.
Source: [1] Dogecoin: TD Sequential Flashes Buy Setup Amid $6.9M Whale Withdrawal (https://coinmarketcap.com/community/articles/68ae1f199c42f64b0a740e5f/)
[2] Onchain Lens (X profile reference)

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