Dogecoin posts best monthly gain of 2026 as analyst spots reversal signal
Dogecoin (DOGE)
Editor:
Eugene Serbin
Cryptocurrency.com.tr reports that Dogecoin recorded its strongest monthly gain of 2026 in August, rising 21.4% as broader market sentiment improved. The coin is currently trading at $0.08274 with a market cap of $12.88 billion and a 24-hour trading volume of $557.8 million. Analyst Trader Tardigrade identified an inverted hammer formation on the monthly chart, a pattern that typically signals a potential reversal after a period of weakness. The asset remains among the more liquid large-cap meme coins due to its stable exchange liquidity across multiple market cycles.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 2 September 2026. Not the outlet's figures.
Whalio’s Binance spot data shows Dogecoin trading at $0.08167, with a 1-hour buy ratio of 50.0% and a 4-hour buy ratio of 57.0%. These short-term readings indicate stronger buying pressure than the 24-hour buy ratio of 47.1%, suggesting that recent activity has shifted toward accumulation. The 1-hour volume delta is -$2,980, while the 4-hour delta is +$878,389, showing that net buying has emerged in the last four hours after a 24-hour net outflow of -$2,569,086. A positive volume delta means buyers are executing more orders than sellers, indicating immediate upward flow, whereas a negative delta indicates sellers are dominating. Over the last 24 hours, there were 11 hours of net buying out of 24, with a total spot volume of $44,792,023 across 457,046 trades.
The latest daily buy ratio of 37.6% sits at the 0th percentile of the last 322 days, against a median of 48.9% - among the weakest buying days it has had.
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 7-day average buy ratio was 49.6%, making the latest day’s reading 2.5 percentage points lower than the average. Trading volume was 0.84x the average, indicating a quieter trading session compared to the typical week. The coin experienced net buying on only 4 of the 7 days, with a total volume delta of -$5,469,059 over the 8-day period. Price fell 4.7% over the 8 days, confirming that the recent short-term buying has not yet reversed the weekly downtrend. This represents an unusual day for the coin, as the latest day’s buy ratio deviated from the weekly norm and volume remained below average.