Dogecoin rises 1.96% in 24 hours, analysts highlight accumulation and new buy signal Crypto News

On July 4, Dogecoin was trading at approximately $0.07535. Despite its recent low levels, the cryptocurrency posted a 1.96% gain in the last 24 hours, bringing its market capitalization to $12.85 billion and daily trading volume to about $697 million. While the price remained subdued near its lows, several technical and on-chain indicators suggest that market attention towards Dogecoin is building once again.

Accumulation signals in focus

Analyst CW observes that the net position delta for Dogecoin, an indicator tracking the balance between buyers and sellers, has continued to climb even as the price stays weak. An increase in this indicator during price declines points to some investors opting to accumulate positions rather than sell off their holdings.

CW notes that, despite the ongoing downtrend in Dogecoin, the rising net position delta could set the stage for a stronger price move as upward pressure builds in the market.

According to CW, this wave of buying is not merely a short-term phenomenon but has been ongoing for some time. If demand remains steady at these levels, it may form a foundation for an even stronger price movement in the near term.

Cryptollica also highlights that the proportion of Dogecoin supply in profit has declined to what it describes as a deep low zone. This means fewer investors are currently sitting on gains, while many who entered at higher prices remain underwater, reflecting a market where recent buyers are less dominant.

Cryptollica emphasizes that such a market structure often emerges after extended periods of distribution, when short-term speculative participants exit the market. This shakeout could mean that the intense selling pressure may now be exhausted, suggesting a potential shift in sentiment.

TD Sequential signal and short-term outlook

Market analyst Ali Charts has identified a TD Sequential buy signal forming on Dogecoin. The TD Sequential indicator is commonly used by investors to spot areas of exhaustion after downward moves and to anticipate possible trend reversals.

Glossary: The TD Sequential is a technical analysis indicator that seeks to identify exhaustion and possible turning points in price action. It works using consecutive candlestick patterns and is typically used as supporting evidence rather than a definitive signal.

Ali Charts underlines that the appearance of a TD Sequential buy signal could mark a shift in short-term momentum for Dogecoin, increasing the likelihood of a change in direction.

On the 30-minute chart, Dogecoin rebounded from the $0.070 support area, accompanied by a spike in trading volume. Higher lows and higher highs have since developed, a pattern that indicates buyers are taking control in the short term. The $0.075 level now stands as the first major resistance to watch in the coming sessions.

Indicator Current status
Support level $0.070
Initial resistance $0.075
24-hour change 1.96% increase

Weekly structure and July performance in focus

Technical analyst Javon Marks points out that higher lows are forming on Dogecoin’s weekly chart. Historically, similar structures have preceded more significant upward moves. The long-term ascending support trend remains intact, suggesting this bullish scenario is still technically viable.

However, to reinforce this positive outlook, Dogecoin must decisively break above the next resistance level. If this fails, the price could continue trading sideways and remain volatile in the near term.

Seasonal trends are also drawing attention to Dogecoin’s July performance. The asset delivered a 27.1% return in July 2025 and a 17% gain in July 2023, while this year’s increase for July sits at 4.27% so far. Conversely, Dogecoin posted declines during July 2024 and July 2021.

Dogecoin’s circulating supply stands at approximately 170.62 billion coins, and notably, the cryptocurrency does not have a fixed maximum supply cap.

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