DOGE Eyes Reversal as Whales Accumulate Near Support
Dogecoin (DOGE)
Editor:
Eugene Serbin
Tronweekly.com reports that Dogecoin is showing early signs of a potential bullish reversal following a sharp correction from its recent high. The asset dropped more than 17% from $0.1007 on August 22, falling toward the $0.0828 area. Analyst Ali Charts highlights a new buy signal on the daily Tom DeMark Sequential indicator, which suggests weakening selling pressure after a long downtrend.
The daily chart is also forming a morning doji star pattern, indicating a shift from bearish sentiment to buyer domination. On-chain data reveals that major investors bought up to 400 million DOGE over the last five days. This accumulation is occurring near the $0.0813 support zone, where 35 billion DOGE were previously transacted.
Sustaining the price above this level is crucial for keeping the reversal formation intact. A breakdown below $0.0813 would weaken the bullish pattern. If buyers regain control, the next upside targets are $0.1552 and $0.1774. The combination of technical indicators and whale accumulation strengthens the bullish case for the meme coin.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 4 September 2026. Not the outlet's figures.
Whalio spot data shows DOGE trading at $0.08782 with a 1-hour buy ratio of 53.3% and a 4-hour buy ratio of 57.2%. These short-term readings are higher than the 24-hour buy ratio of 50.1%, suggesting that buying pressure is building in the immediate term. The Volume Delta reflects this activity, showing a positive +$205,292 for the last hour and +$1,227,717 over four hours. This indicates that buyers are currently outspending sellers in recent intervals. Over the full day, the Volume Delta stands at +$163,199 with a Cumulative Volume Delta of +$955,643. Spot volume reached $99,368,188 across 884,395 trades in the last 24 hours.
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.
Comparing today's activity to the preceding week reveals a shift in momentum. The 24-hour buy ratio of 50.1% is slightly above the 7-day average of 49.1%, marking a +1.0 point difference. Volume for the day was 2.11x the weekly average, indicating significantly higher trading activity than usual. While the weekly volume delta was negative at -$6,114,567 over eight days, today shows net positive flow. This suggests that despite a broader weekly downtrend of -1.5%, the current day represents an unusual spike in buying interest relative to the recent average.