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Dogecoin nears major breakout with bullish signals and whale accumulation.

Technical Signals
17 Aug 2026
Finbold
View Source
Bullish
Dogecoin nears major breakout with bullish signals and whale accumulation.

Dogecoin is showing signs of a potential major breakout, supported by a rare bullish technical setup on its monthly chart, including the Tom DeMark Sequential buy signal, an inverted hammer, and a doji candle. This pattern mirrors one from August 2022 that preceded a 145% rally. Additionally, large holders (whales) have recently accumulated over 430 million DOGE, suggesting confidence in an upward move. Key resistance levels to watch are $0.0813 and $0.1774, with a decisive monthly close above $0.0813 potentially triggering a strong rally. Currently, Dogecoin trades near $0.07 with neutral to slightly bearish momentum, needing to surpass key moving averages to confirm a sustained uptrend.

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