TLDR:
- Dogecoin price traded near $0.0802 on October 17, down roughly 7.6% from its weekly opening and below the $0.081 reference.
- Trader Tardigrade linked the latest monthly trendline test to contacts in 2017 and 2020, preceding earlier rallies on his chart.
- Ali Martinez reported approximately 600 million DOGE added by large holders since October 12, alongside a daily TD Sequential buy signal.
- CoinGlass showed modeled liquidation concentrations around $0.0773 and $0.0844, while DOGE remained below the daily Bollinger midpoint.
The Dogecoin price traded near $0.0802 on October 17, down roughly 7.6% from its weekly opening. The decline carried the token beneath the $0.081 level highlighted by analyst Ali Martinez.
Analyst Trader Tardigrade compared the monthly setup with earlier contacts along a long-term support trendline. His interpretation pointed to a potential repeat of previous recoveries, while Martinez cited whale accumulation and a daily buy signal.
$DOGE/monthly
#Dogecoin is back on the same long-term trendline that launched it twice before.
2017 touch → 3 years later, 2020 touch
Both times, price bounced off the line and surged.
Price is sitting right below it again.… pic.twitter.com/lbyHBKfLvr
— Trader Tardigrade
(@TATrader_Alan) October 17, 2026
DOGE coin market data shows weakness across several daily and weekly indicators. The weekly session opened at $0.08678 and included a low of $0.07770. Buyers were attempting to recover ground lost during the latest October decline.
Dogecoin Price Retests Monthly Trendline as Whales Add Tokens
Trader Tardigrade said the Dogecoin price had returned to a monthly support trendline associated with earlier rallies. He marked contacts in 2017, 2020 and 2026, separated by three-year and six-year intervals. His post placed the token just below that line again.
Martinez focused on a daily TD Sequential buy signal near $0.081. The indicator counts sequences of price changes to flag possible trend exhaustion. It can identify a potential turning point without confirming that demand has reversed the decline.
He also cited Glassnode figures showing roughly 36 billion DOGE last moved around that price. The cost-basis distribution records previous on-chain transfers, rather than orders waiting to buy.
The Dogecoin price remained below that cluster as whale accumulation increased. Martinez cited Santiment balances rising from roughly 55.6 billion to 56.2 billion DOGE between October 12 and October 16.
He described the change as approximately 600 million tokens added by large holders. Valued at $0.08025 each, those tokens equal about 48.2 million dollars. That calculation does not establish the prices paid for individual purchases.
His longer-range recovery scenario depended on the $0.081 area holding and a rebound developing. Martinez identified potential profit-taking zones at $0.16 and $0.17, where approximately 12 billion and 14 billion DOGE previously moved.
From $0.08025, those levels imply gains of about 99% and 112%, respectively. The analyst supplied no timeline for reaching either zone.
Weak Daily Signals and Liquidation Clusters Frame Recovery
The Dogecoin price traded near $0.08025 on the daily chart, between a $0.08094 session high and a $0.07982 low. Bollinger Bands placed the 20-day midpoint at $0.08847, the upper boundary at $0.09958 and the lower boundary at $0.07736.
That left the token approximately 9.3% below the midpoint and 3.7% above the lower band. The Awesome Oscillator remained negative near minus 0.00803, with its latest histogram bars below zero.
The weekly Binance Dogecoin price also sat beneath all four displayed simple moving averages. The 20-week reading stood at $0.08163 and the 50-week at $0.10188. The 100-week and 200-week averages were $0.17248 and $0.13765, respectively. Weekly Chaikin Money Flow registered minus 0.06.
On October 15, DOGE appeared among four altcoins showing technical buy signals, when it traded near $0.07977. Martinez had previously outlined nearer recovery levels of $0.087 and $0.094. Reaching them from $0.08025 would require advances of roughly 8.4% and 17.1%. Both levels exceed the daily Bollinger midpoint but remain below the 50-week moving average.
The three-day CoinGlass heatmap placed prominent modeled liquidation concentrations near $0.0773 and $0.0844. Smaller clusters appeared around 0.078–0.079 and 0.083–0.0836. These bands estimate exposure to potential forced closures, rather than completed liquidations.
Its price path showed a slide from above $0.084 on October 14. The Dogecoin price recovered toward $0.0825 on October 16 before returning toward $0.080.
The Dogecoin price had regained $0.10 after a 25% weekly rally by September 23. The latest daily quote represents a subsequent decline of approximately 19.8% from that round reference.
Separately, Bitwise planned to convert its Dogecoin fund holdings to cash on October 14. Its schedule set cash distributions to shareholders for October 22.
The post Dogecoin Price Tests Historic Trendline as Whales Add 600M DOGE appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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