Dogecoin (DOGE) is trading near $0.08048 as persistent selling pressure tests support around the $0.0800 level, while analyst Ali Charts has outlined three factors that could support a recovery near $0.081. Despite the bullish case, the token's four-hour chart continues to show a bearish trend. The convergence of a technical signal, on-chain cost-basis data, and whale activity at a single price level is what makes the $0.0800–$0.081 area the focal point of this setup.

Three Bullish Factors Identified

According to Ali Charts, Dogecoin's daily chart has produced a TD Sequential buy signal near $0.081. The indicator, developed by market technician Thomas DeMark, is designed to flag potential exhaustion points in an ongoing trend, and it has previously marked turning points for DOGE, placing this level at the center of his analysis.

On-chain data adds weight to the setup. URPD data — a metric that maps coin supply according to the price ranges at which it was last acquired — shows that approximately 36 billion DOGE previously changed hands around $0.081, creating a significant cost-basis concentration. While this makes the price level one to watch, it does not guarantee that buyers will step in to defend it.

Whale activity provides the third factor. Large holders have reportedly accumulated approximately 600 million DOGE since October 12, buying near the support zone. Large-holder positioning is among the most closely tracked on-chain gauges, since it shows where sizable demand has the market. Ali connects this accumulation with the technical signal and the concentration of prior transactions at the same price area.

Selling Pressure Below $0.083

DOGE is changing hands at $0.08048 on the four-hour Binance chart, down 0.05% on the latest candle, which opened at $0.08052 and printed a high of $0.08070 and a low of $0.08037. Trading volume stands at 41.32 million DOGE.

Per the four-hour chart, DOGE climbed from approximately $0.078 around September 16 to nearly $0.104 on September 22. The price then formed a sequence of lower highs and lower lows, with selling pressure accelerating around October 7. It subsequently fell below $0.094 before declining toward $0.083 and its current level.

Support sits near $0.0800, just above the $0.078 area that marked the starting point of the September rally. A breakdown could expose $0.0780 and previous lows in the $0.0770–$0.0780 range. On the upside, DOGE needs to reclaim $0.0820–$0.0830, followed by resistance at $0.0850 and $0.0870, with $0.0900 representing another barrier. How price behaves around $0.0800 and whether it can reclaim $0.0820–$0.0830 are therefore the near-term reference points for the setup.

Indicators Show Limited Recovery Strength

The Relative Strength Index (RSI) reads 39.15, slightly above its average of 38.23. It nonetheless remains below 50, indicating continued bearish pressure, and DOGE has not reached the conventional oversold threshold below 30.

Meanwhile, the MACD histogram is marginally positive at 0.00006. The MACD line at -0.00107 sits slightly above the signal line at -0.00113, although both remain below zero. Momentum readings of this kind are the gauge traders use to judge whether a rebound near support has the strength to challenge overhead resistance; a return of the RSI above 50 and both MACD lines above zero would bring the indicators in line with the recovery case Ali outlines.

Ali identifies $0.16–$0.17 as a potential profit-taking zone if $0.081 holds and DOGE rebounds. Cost-basis data shows roughly 12 billion DOGE was acquired near $0.16, with another 14 billion accumulated near $0.17.