Analyst Ali Martinez Flags 35 Billion DOGE Support Under Dogecoin (DOGE)

Golden Cross Meets 35 Billion DOGE Shelf

Dogecoin (DOGE), the original memecoin and still the largest asset in its class, completed a golden cross on its hourly chart, with the 50-period moving average crossing above its 200-period counterpart — a configuration traders generally read as confirmation that short-term momentum has turned higher. The crossover is visible on the DOGE/USD hourly chart and arrived as the token reversed the prior session's dip, a recovery that defied a hotter-than-expected United States labor print. August nonfarm payrolls expanded by 162,000 positions, more than triple the 53,000 consensus, leading investors to raise the probability of an interest-rate hike at the Federal Reserve's policy meeting later this month. Risk assets typically wobble when hike odds climb, yet DOGE pushed higher anyway, gaining 4.30% across 24 hours to $0.0877 and 2.57% over the week, with the advance extending as the session progressed. For readers newer to the asset, the Dogecoin project dates to 2013 and runs as a proof-of-work payments chain, which is why its price action so closely tracks liquidity conditions in the wider market. The immediate technical test sits at $0.088, where the daily 20-period moving average converges with prior structure; a decisive close above that barrier would put the psychologically important $0.10 threshold back in play. Anyone weighing an entry can consult our beginner walkthrough on how to buy Dogecoin (DOGE) before the next push.

Beneath the momentum signal sits the level analysts are watching most closely. On-chain data shows a dense zone of prior transactions at $0.0813, where roughly 35 billion DOGE changed hands, and analyst Ali Martinez reports that recent whale accumulation has reinforced that floor. Whale accumulation, in this context, means large wallets added to positions during the recent dip rather than distributing into strength — behavior on-chain observers track because cost-basis clusters tend to act as demand zones when price revisits them. The zone has already proven itself once: on August 3 Dogecoin slid to a low of $0.081 before rebounding sharply to $0.089, confirming live demand inside the band. As long as $0.0813 holds, the bullish structure remains intact, with $0.1552 and $0.1774 mapped as the next upside targets if momentum builds. Chart technicians also point to a morning doji star on the daily candle — a reversal pattern that typically forms near the end of a downtrend and signals sellers are losing their grip — while a bull flag on higher timeframes projects a move toward $0.12, a scenario we examined in our earlier Ali Martinez bull-flag breakdown. Confirmation, however, requires reclaiming the band the price surrendered earlier in the week, when DOGE gave way beneath its 100-day EMA support at $0.0816 before buyers stepped back in. Readers tracking the market in real time can follow live spot and futures prices on MEXC.

COINOTAG Composite Read

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $0.0863 support at 87/100 — STRONG — on a confluence of Flip R→S, Ichimoku Kijun and Fibonacci 0.500 sources, while the $0.0915 resistance scores 74/100, built from HVN, R3 and ATR Upper signals. Spot trades at $0.0891, up 5.55% in 24 hours, bracketed between the two. Derivatives positioning looks crowded: perpetual futures funding runs at 0.0041%, open interest sits at $471.1 million, and the long/short account ratio reads 3.16 — 76% long versus 24% short — with the Fear & Greed Index at 73 (Greed), a mix in which long squeezes can amplify downside wicks. The RSI at 59.82 leaves room before overbought territory, though our MACD signal remains bearish within a sideways trend. The bullish thesis holds while $0.0863 does; a close below the $0.0807 support, scored 62/100 on EMA 50 and SMA 100 confluence, would invalidate it. For broader context on the Dogecoin price action across the altcoin market, our tag hubs track the full feed.