Dogecoin (DOGE) is tracing a monthly chart structure that closely mirrors its August 2022 formation, according to crypto analyst Ali Charts, who cited a combination of a Tom DeMark (TD) Sequential buy signal, an inverted hammer candle, and a developing doji. The TD Sequential is an indicator designed to flag when a trend is approaching exhaustion, while inverted hammer and doji candles are conventionally read in technical analysis as signs of indecision or a potential turning point. The same configuration appeared in August 2022, shortly before DOGE recorded a 145% monthly rally.

Large holders accumulated more than 430 million DOGE over the past week as the token traded near $0.0700, an amount worth roughly $30 million at the cited price range. Dogecoin, created in 2013 as a meme-inspired cryptocurrency, remains one of the most actively traded digital assets, and the positioning of its largest holders is trackable through public blockchain data. Ali Charts identified $0.0813 as the key resistance area, and said a sustained break above that level could expose DOGE to the next resistance near $0.177.

Monthly Pattern Echoes August 2022

Ali Charts reported that DOGE's monthly chart flashed the TD Sequential buy signal last month. He compared the current structure with August 2022, when DOGE formed an inverted hammer alongside a TD buy signal. A doji candle followed that setup in 2022 before the token went on to record a 145% monthly rally.

The current monthly chart has likewise developed an inverted hammer, a TD buy signal, and a developing doji. Ali Charts did not state that the same price move would occur again, saying only that the pattern could precede a significant move if the earlier sequence repeats. Because a monthly candle only finalizes at month-end, the developing doji, and with it the completion of the full 2022-style sequence, is not yet confirmed.

Whale Accumulation Adds to the Technical Setup

The analyst also pointed to activity among large DOGE holders. "Whale" is the term commonly used for holders of large token balances, whose transactions are visible on public blockchains and widely tracked as a gauge of positioning. According to Ali Charts, whales accumulated more than 430 million DOGE during the past week. That buying came as DOGE traded between roughly $0.0680 and $0.0725 from August 4 through August 16.

Spot flow data, however, showed mixed movement over the same period. The largest outflow appeared around August 7, reaching about $5.2 million. Other major outflows approached $3.5 million around August 6 and August 14. By comparison, the strongest inflow reached roughly $2.5 million around August 11. DOGE climbed toward $0.0725 during that move before falling back toward $0.0700.

$0.0813 Remains the Main Resistance Level

Ali Charts identified $0.0813 as the key resistance zone, an area where more than 30 billion DOGE were previously transacted. In technical analysis, zones where large volumes previously changed hands are commonly treated as potential support or resistance because they mark prices of concentrated prior activity. He said a sustained close above that level could open the next resistance near $0.177.

Meanwhile, spot flows weakened on August 15 and 16, with bars moving close to zero. DOGE traded around $0.0697-$0.0700 as flow pressure eased. The chart marks $0.0700 as a psychological pivot, with $0.0710 and the $0.0720-$0.0725 region sitting above it. Below, $0.0690 and $0.0680 mark the next levels cited by the chart.