The Tom DeMark Sequential indicator that predicted Dogecoin’s (CRYPTO: DOGE) 31% crash from $0.113 to $0.078 in May is now flashing a buy signal as DOGE bounced 3% on Thursday.

The Same Indicator That Called The Top Is Now Calling A Bottom

Analyst Ali Charts flagged the signal on X, noting the May 7 sell signal preceded the 31% correction almost exactly. 

The same setup now points the other direction. Supporting the case, the daily SAR flipped bullish at $0.078, sitting below price and holding for two consecutive green days, the most constructive price action since April. 

On Tuesday, Ali Charts also flagged whale accumulation of over 200 million DOGE, adding further weight to the setup.

However, the full bearish EMA stack remains overhead as resistance between $0.09195 and $0.11742. 

The broken channel base near $0.093 to $0.095 is the first real wall to clear. Reclaiming the 20 EMA at $0.09195 on volume targets $0.09725 then $0.10168. Losing SAR support at $0.07800 fails the recovery entirely and opens $0.075 then $0.070.

Prediction Markets Give DOGE Only 1% Odds Of Hitting $0.20 By June

The prediction market is brutally honest about DOGE’s near-term odds. The crowd gives only a 1% chance of hitting $0.20 and just 2% for $0.15 by July 1, with both probabilities still falling. 

The one contrarian data point worth noting is that the market prices only a 10% chance of dropping below $0.05, meaning even the bears are not fully convinced of a complete collapse from here.

Derivatives Show Shorts Getting Squeezed As New Money Enters

Open interest rose 3.69% to $995.61 million alongside rising price, a healthy sign that new money is entering rather than shorts simply covering. 

The long/short ratio sits at 0.90, meaning the broader crowd remains net short, which creates fuel for a squeeze if price continues higher. 

Over 24 hours, $482,000 in short liquidations hit against $1.63 million in long liquidations, meaning shorts are beginning to feel the pressure. 

One caution worth noting: options volume crashed 86.29%, signaling the options market has stepped away and conviction on any large directional move remains low near-term.

Kalshi DOGE Perpetual Futures Are Coming, Adding Regulated Exposure

Kalshi launched Solana (CRYPTO: SOL) perpetual futures Wednesday, following Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and XRP (CRYPTO: XRP) contracts already live on the platform. 

DOGE perpetuals along with Shiba Inu (CRYPTO: SHIB) are awaiting approval and expected in the coming days.

Regulated perpetual futures access expands the pool of US traders who can take directional positions on DOGE without using offshore platforms, adding a new demand source at an inflection point in the chart.

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