Dogecoin Price Analysis: Key DOGE Indicator Flashes Buy Signal

Dogecoin has triggered a significant technical signal that could mark a turning point for the meme coin. The TD Sequential indicator recently flashed a buy signal for DOGE as the token tested support levels around $0.09 after a sharp decline of 18% in a week. This signal has historically preceded bounces of 20–50% during similar market conditions.

The TD Sequential signal is based on nine consecutive closes that register lower than those four sessions prior. DOGE triggered the signal on February 7, 2026, following a drop from $0.11 to $0.09. This indicator has proven reliable in past DOGE setups, making the current signal noteworthy for traders and investors.

Analyst BitGuru noted that Dogecoin swept a key downside liquidity zone near $0.09, which could signal a reversal as weaker hands exit and stronger buyers accumulate. The token now rests in a long-term demand zone, having consolidated between $0.10 and $0.15 for four months.

Why the Move Happened

Dogecoin is currently in a bearish structure characterized by lower highs and lower lows since late 2025. The recent drop to $0.0907 touched the lower Bollinger Band, a classic signal of potential short-term oversold conditions. This price action, along with a liquidity sweep, has led analysts to believe that buyers may step in to defend this critical support level.

The Relative Strength Index (RSI) currently reads 32.85, hovering near the oversold threshold of 30. While not deeply oversold, this level indicates that the market may be approaching a potential rebound. A successful defense of $0.09 could lead to a sharp mean-reversion move toward prior range highs.

How Markets Responded

The recent TD Sequential signal has drawn attention from traders and analysts who have historically followed the indicator as a trend reversal tool. Analysts have also pointed to the strategic nature of the price action around $0.09, with DOGE consolidating in that range for months.

Volume analysis supports the bearish structure, with strong selling pressure confirming the recent drop. However, a green candle at support suggests buyers are stepping in, even if overall momentum remains weak. The 20-day simple moving average at $0.114 has consistently rejected recovery attempts, reinforcing the bearish trend.

What Analysts Are Watching

Immediate support for Dogecoin is now firmly at $0.090–$0.092, with this zone representing the last line of defense before potential deeper losses. On the resistance side, the 20-day SMA at $0.114 presents the first major obstacle for any recovery attempt. Bulls need to reclaim this level with convincing volume to suggest genuine strength.

A stronger resistance exists at $0.138, near the upper Bollinger Band and previous consolidation highs. Breaking above $0.114 would be an initial victory for buyers, but a sustained recovery requires clearing $0.138 decisively. These levels, along with volume patterns, will be key in determining whether current support holds or breaks.

Traders are also watching for signs of a broader market rebound, as Dogecoin is often influenced by the overall cryptocurrency sentiment. The broader market has seen relief rallies after recent turbulence, with Bitcoin and Ethereum showing signs of recovery. If these trends continue, they could provide a tailwind for Dogecoin as well.