Dogecoin Golden Cross Forms Near 35 Billion DOGE Support
Dogecoin (DOGE)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Dogecoin has completed a golden cross on its short-term charts, with the 50-minute moving average rising above the 200-minute moving average. This technical development follows a price reversal triggered by a stronger-than-expected US jobs report, where nonfarm payrolls jumped by 162,000 in August against a consensus of 53,000. Following the data release, traders increased bets on a potential Federal Reserve rate hike, and Dogecoin rose 4.30% in 24 hours to $0.0877.
Analyst Ali Martinez highlights a key on-chain support level at $0.0813, where nearly 35 billion DOGE were previously traded. This floor was tested on August 3 when the price dipped to $0.081 before rebounding sharply to $0.089. Martinez states that as long as this level holds, the bullish setup remains intact with upside targets at $0.1552 and $0.1774.
A morning doji star pattern on the daily chart suggests selling momentum is fading as buyers step in. Additionally, a bull flag pattern projects a move toward $0.12, while an immediate barrier sits at $0.088, coinciding with the daily MA 20. A breakout past this barrier could push the price toward the $0.10 psychological level.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 5 September 2026. Not the outlet's figures.
Whalio spot data shows Dogecoin trading at $0.08477 with a 1-hour buy ratio of 45.6% and a 4-hour buy ratio of 48.5%, both trailing the 24-hour buy ratio of 48.9%. This indicates that short-term buying pressure is fading relative to the daily average. The 1-hour volume delta is negative at -$397,671, and the 4-hour delta is -$555,976, showing that sellers are currently outweighing buyers in the immediate term. Volume delta measures the net difference between buy and sell volume, so negative figures confirm that more capital is flowing out than in during these periods. Despite this, the 24-hour volume delta of -$1,743,284 and a cumulative volume delta of -$238,904 at close suggest sustained selling pressure over the full day.
The latest daily buy ratio of 48.9% sits at the 51st percentile of the last 281 days, against a median of 48.8% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for DOGE, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.9%, matching the current 24-hour reading exactly, which indicates buying interest is consistent with recent trends. However, the 24-hour spot volume of $82,921,449 is 1.57 times the weekly average, marking this as an unusually active trading day. While the buy ratio remains steady, the volume delta for the 8-day period totals -$9,796,251, confirming that net selling has dominated the week despite the volume spike. The price change over eight days is -0.6%, showing minimal net movement despite the high activity. This suggests that while participation is high, the market has not yet broken out to the upside targets mentioned in the report.