Key Insights:
- TD Sequential on 12-hour chart flagged a potential trend reversal.
- Adam and Eve pattern appeared on Dogecoin’s 4-hour timeframe.
- On-chain data showed sharp rises in user and address activity.
Dogecoin experienced sharp volatility between June 10 and June 16, 2025, as broader crypto markets responded to geopolitical risks and technical developments. The meme token opened the week above $0.195 and quickly climbed to nearly $0.205.
However, military tensions in the Middle East triggered a 15% drop, pushing DOGE to $0.171 by June 13. It then entered a slow rebound, stabilizing around $0.18 by June 16. Technical indicators and on-chain metrics suggested a possible shift in trend direction.
TD Sequential Flashes Buy Signal on DOGE Chart
Technical analyst Ali Martinez shared a 12-hour Dogecoin chart using the TD Sequential indicator, showing a clear reversal setup. The chart showed DOGE entered a downtrend after touching $0.198 on June 11.
At this local high, the chart showed a red “1” and a black downward arrow, marking the start of a bearish countdown phase. Over the next 48 hours, DOGE continued to slide, ultimately hitting a low of around $0.170 by June 13.
In the subsequent sessions between June 13 and June 15, price movement became range-bound. Small-bodied candles appeared, alternating between black and white, indicating heightened indecision among market participants.
DOGE traded within a narrow band, oscillating between $0.172 and $0.175. This consolidation phase followed the sell-off and reflected reduced downward pressure, while some buying began to emerge.
By June 16, Martinez’s chart showed a change in direction. A green “1” surfaced alongside an upward-facing green arrow, which the TD Sequential uses to indicate a potential new bullish countdown. This buy signal was positioned after the earlier bearish “9” signal, suggesting trend exhaustion. The positioning of this signal after the consolidation phase added further support to the notion that the downtrend may have ended.
Adam and Eve Bottom Formation
Concurrently, Trader Tardigrade shared a Dogecoin 4-hour chart highlighting an Adam and Eve double bottom formation, a well-known bullish reversal structure. The pattern emerged during the broader decline and subsequent stabilization in DOGE’s price. The “Adam” segment formed as a sharp V-shaped drop followed by an immediate recovery, typically associated with aggressive selling and quick rebound activity.
After this sharp recovery, the “Eve” phase of the pattern took shape through a slower and more rounded bottom. This section was characterized by smaller, more uniform candles, which reflected a steadier recovery process. The gradual nature of this phase indicated reduced volatility and pointed to increasing market stability. According to the chart, price action remained constrained as the Eve bottom progressed, forming a base for a potential breakout.
Positioned between the two troughs was a horizontal resistance line—referred to as the neckline. This neckline connected the highs between the two bottoms. A breakout above this level would complete the pattern and indicate a confirmed trend reversal. Until this neckline is breached, the pattern remains in development.
Strong Uptick in Network Engagement
In addition to the technical indicators, on-chain metrics, as presented by IntoTheBlock, provided a bigger view as to recent trends on the Dogecoin network. The relationship between the price performance and the address activity was measured on a long-term chart of the period spanning late 2013 until the month of June 2025.
Recently reported indicators demonstrate that three key indicators of user activity increased drastically.
New Addresses rose by 102.40%, indicating a wave of new users entering the network. Active Addresses jumped by 111.32%, pointing to higher transactional usage. Zero Balance Addresses climbed 155.57%, suggesting increased churn or address recycling behavior.
These spikes in on-chain activity coincided with technical reversal signals and price volatility. Historically, such metrics tend to precede larger price movements in either direction.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
