Dogecoin flashes warning near $0.109 – Can bulls defend THIS zone?
Dogecoin faced growing correction pressure after the TD Sequential indicator flashed a sell signal on the 3-day chart near the $0.109 region.
The signal appeared after $DOGE completed an extended upward sequence that pushed price action from the $0.089 support zone toward recent highs above $0.112.
In fact, the setup reflected slowing bullish acceleration rather than immediate bearish confirmation.
However, the indicator historically appeared near local tops during overheated rallies, especially when buyers continued chasing price after strong recoveries.
$DOGE still traded above key breakout levels despite the warning, which showed that bulls had not fully lost control.
The latest candle structure also remained relatively stable, suggesting the market still defended higher levels instead of triggering aggressive distribution immediately after the signal emerged.
Top traders still leaned heavily bullish
Binance top traders continued showing aggressive bullish positioning despite rising correction risks across higher timeframes.
Long accounts accounted for 67.74% of positions, while short accounts remained at 32.26%, leaving the long/short ratio elevated at 2.10.
The imbalance reflected a strong conviction among larger traders even after the TD Sequential warning appeared on the chart.
However, the ratio had gradually declined from previous peaks above 2.80 earlier in the week, showing that some traders had already started reducing exposure during volatility.
The positioning data still favored buyers overall, although the declining ratio suggested bullish confidence had slightly weakened near resistance.
If traders continued defending long exposure above current levels, $DOGE would likely maintain a broader bullish structure despite increasing short-term exhaustion signals across technical indicators.
Source: CoinGlass
Can Dogecoin reclaim the breakout zone?
$DOGE continued consolidating above the critical $0.1078 support after reclaiming the $0.1174 resistance zone during its recent breakout attempt.
The structure showed improving strength compared to previous months when the price repeatedly failed near the same resistance area.
Buyers had already defended the broader accumulation range between $0.0899 and $0.1174 for several weeks before the latest rally accelerated.
However, $DOGE still traded beneath the major $0.1515 resistance, which remained the next significant upside barrier on the daily timeframe.
The current consolidation suggests buyers are still absorbing selling pressure instead of allowing a sharp rejection back into the lower range.
If $DOGE maintained support above $0.1078, bulls would likely attempt another move toward $0.1174 before challenging higher resistance levels later in the trend continuation structure.
The DMI structure continued to favor buyers even as upside strength started cooling after the recent rally.
ADX held firmly at 40.82, showing that the prevailing trend still carried strong directional strength instead of weakening into sideways conditions.
In addition, the +DI remained above the -DI with readings of 24.61 and 12.27, respectively, confirming that buyers still controlled broader market direction despite reduced acceleration.
Source: TradingView
Bears absorbed the largest liquidation pressure
At the time of writing, short liquidations continued dominating derivatives activity as bearish traders absorbed the largest losses during recent volatility.
Total short liquidations climbed above $474K, while long liquidations remained below $57K across major exchanges.
Binance recorded over $137K in short liquidations alone, while OKX added more than $260K to the total.
The imbalance showed that many traders were still positioned against the rally despite Dogecoin maintaining higher support zones during consolidation.
However, liquidation pressure had started cooling compared to earlier spikes seen throughout the rally phase. The reduced liquidation intensity suggested leveraged positioning had become less aggressive near current levels.
Source: CoinGlass
Final Summary
Dogecoin’s TD Sequential sell signal hinted at slowing momentum, though price structure still held above key breakout support levels.
$DOGE continued consolidating above the $0.1078 support zone, keeping the broader breakout structure intact for now.