Dogecoin Price: Whale Buying and Chart Signals Point to Possible Bounce

Dogecoin (DOGE) has dropped by more than 17% from its recent high of $0.1007 on August 22, sliding down to around $0.0828.

Analyst Ali Charts is pointing out a TD Sequential buy signal on Dogecoin's daily chart, which can indicate that the trend is running out of steam and may be nearing a reversal.

A morning doji star pattern has also formed, suggesting that selling pressure may be fading and the market could shift towards uncertainty.

Whales have reportedly bought 400 million DOGE over the past five days near support, which has reinforced a major on-chain support floor at $0.0813.