Key Highlights
- Major whale investors accumulated 200 million DOGE tokens through Robinhood in a transaction valued at approximately $14 million
- Total open interest in DOGE derivatives increased by 3.74% to reach $1.08 billion, accompanied by a 114% surge in trading volume to $739.56 million
- Spot ETF products recorded zero daily inflows on July 17, while total cumulative inflows remained stable at $11.77 million
- Technical analysts have identified a double-bottom formation with potential price objectives ranging from $0.653 to as high as $3.25
- The meme cryptocurrency is currently trading near $0.072, maintaining its position above critical $0.070 support level
The popular meme cryptocurrency is maintaining its position slightly above the crucial $0.070 support zone as renewed large-holder activity and expanding derivatives market metrics bring the token back into the spotlight. On Monday, Dogecoin was changing hands at $0.07212, registering a 1.07% decline over the most recent four-hour trading period.
Large cryptocurrency holders, commonly referred to as whales, accumulated 200 million DOGE tokens via the Robinhood trading platform, representing a transaction value of approximately $14 million. Such significant accumulation by major players typically influences near-term market sentiment and can create shifts in liquidity dynamics.
Dogecoin whales purchased another 200 million $DOGE on Robinhood.
Valued at $14M. pic.twitter.com/KSrGfPWiGC
ā dogegod (@_dogegod_) July 19, 2026
In the derivatives marketplace, trading activity experienced a dramatic 114% spike, reaching approximately $739.56 million during a single trading session. Meanwhile, open interest registered a 3.74% increase to $1.08 billion, indicating that additional capital is being deployed into active trading positions.
Market analyst Ali Charts shared on X that Dogecoin’s weekly TD Sequential indicator has generated multiple consecutive buy signals. He characterized this as an uncommon technical setup that may be signaling the approach of a significant bullish movement.
Dogecoin $DOGE just keeps printing buy signals.
The weekly TD Sequential has now flashed multiple consecutive buy signalsāa rare setup that could be warning a major bull rally is approaching. pic.twitter.com/DrOI9nqJ2I
ā Ali Charts (@alicharts) July 21, 2026
ETF Capital Flows Pause While Technical Picture Remains Constructive
Daily capital inflows into DOGE spot ETF products fell to zero on July 17, 2026, based on tracking data from SoSoValue. However, total cumulative net inflows held firm at $11.77 million, with aggregate net assets across all DOGE ETF offerings standing at approximately $10.03 million.
Technical analyst Javon Marks suggests that DOGE has successfully breached a significant resistance level and is currently consolidating ā a consolidation phase he likens to patterns observed before previous upward movements. His projected price objectives include $0.653, levels above $0.70, and an extended target of $1.25.
Market analyst Namtoshi Dogemoto has spotted a weekly double-bottom chart formation featuring two rounded troughs. The second trough displayed increased trading volume, with the pattern’s neckline positioned between $0.45 and $0.50.
Double-Bottom Formation Suggests Extended Upside Potential
A successful breach above the identified neckline could trigger a substantial upward move, with Dogemoto highlighting a measured target exceeding $3. He additionally observed that the weekly RSI indicator is emerging from oversold conditions, mirroring the market structure witnessed before the 2024ā2025 bullish phase.
$Doge/weekly#Dogecoin has formed a massive Double Bottom ā and the measured move is screaming.
š First bottom ā
š Second bottom š
šÆ Target: $3.25 šThe structure is perfect. This is one of the most reliable reversal patterns in technical analysis.
$3.25 incoming š pic.twitter.com/AqzRHfGvSm
ā Trader Tardigrade š§¬ (@TATrader_Alan) July 19, 2026
Another market technician has pinpointed a double-bottom structure on the weekly timeframe with a projected price objective of $3.25 should a confirmed breakout materialize. This target remains speculative pending pattern confirmation.
From a technical indicator perspective, the MACD histogram has shifted into slightly positive territory at 0.00003, suggesting diminishing bearish pressure. The Chaikin Money Flow indicator climbed to 0.28, signaling enhanced capital accumulation.
A confirmed breakout above $0.075 could propel DOGE toward the $0.080 level, with $0.085 representing the subsequent resistance zone. Conversely, a decline below $0.070 would likely direct the price back toward $0.068.
As trading concluded on Monday, DOGE maintained its position above $0.070 while cumulative ETF inflows remained steady at $11.77 million.
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