Dogecoin's $0.10 Barrier Falls: Will DOGE Rebound or Continue Downward Trend?

Dogecoin (DOGE) briefly broke through the $0.10 psychological barrier but ultimately retreated, resulting in a 16.5% pullback from its local high.

Despite the setback, analysts believe that DOGE could be a buying opportunity due to whale accumulation and a monthly TD Sequential buy signal.

The Tom DeMark Sequential indicator flashed a buy signal on the monthly timeframe, indicating a potential trend reversal, while whales accumulated 430 million DOGE during the past week.

A key support zone is identified at $0.081, with relatively little acquired supply between this level and the target of $0.177.