Top Crypto Analyst Signals Dogecoin Could Be Ready For A Parabolic Rally

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Dogecoin has spent months grinding lower, but one well-followed chart analyst thinks the setup is about to flip.

Ali Charts posted a five-part breakdown on August 15 laying out why the meme coin might be closer to a major move than the price action suggests.

Top Crypto Analyst Signals Dogecoin Could Be Ready For A Parabolic Rally — *Image Via X.*

The Signal Driving The Call

Ali pointed to the Tom DeMark Sequential indicator, which flashed a buy signal on Dogecoin’s monthly chart last month.

Where The Real Resistance Sits

The key level to watch, according to Ali, is around $0.0813, where more than 30 billion DOGE previously changed hands.

A sustained close above that zone would confirm the breakout thesis, opening a path toward the next resistance near $0.177.

Techgaged has flagged similar resistance-and-breakout setups on DOGE before, including a cup-and-handle formation near the $0.11 level earlier this year that also hinged on a confirmed close above a specific price shelf.

A Pattern That Has Repeated Before

Ali also drew a direct comparison to August 2022, when Dogecoin formed an inverted hammer candle alongside a TD buy signal, followed by a doji.That combination has shown up at prior turning points too.

Techgaged covered a related setup in February, when Dogecoin revisited a major historical support level that mirrored breakdowns seen in 2016 and 2019 to 2020, both of which preceded strong bull runs.

If history is any guide, DOGE’s price behavior near key structural levels has mattered more than the news cycle surrounding it.

What’s Backing This Up Beneath The Surface

Network activity has also been improving. Active DOGE addresses climbed from 38,000 in July to 44,000 by mid-August, according to on-chain data shared alongside Ali’s thread, and whale wallets have been accumulating alongside the technical setup.

Rising participation paired with a bullish chart signal tends to carry more weight than either one alone.

The Chart As It Stands

As of 14:57 UTC on August 16, 2026, DOGE/USD trades at $0.06996 on the weekly chart, up 0.62%.

Price has pulled back sharply from highs above $0.09 in July, though the weekly MACD histogram has just turned positive again after months of deep red bars, a shift that has lined up with past recovery phases on this same chart.

Whether this turns into the kind of parabolic move DOGE has produced twice before, or whether the $0.0813 resistance holds firm and stalls the whole thesis, is what traders will be watching next.

Disclaimer:
This article is for informational purposes only and does not constitute financial, investment, or trading advice. The views expressed are based on publicly available data, market observations, and the author’s interpretation at the time of writing. Cryptocurrency markets are highly volatile and unpredictable, and past performance or current technical setups do not guarantee future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. TechGaged does not accept liability for any losses incurred based on the information presented.

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