Peter Smith
Dogecoin is catching traders' attention again as technical indicators suggest a possible turnaround. Following weeks of decline, the popular meme coin might be setting up for its next move higher, though confirmation is still needed.
DOGE Price Analysis
Trader @ali_charts highlights how the TD Sequential indicator has been spot-on with Dogecoin lately. This technical tool successfully called the recent top with a sell signal, and now it's flashing a fresh buy signal on the hourly timeframe.
DOGE is currently trading at $0.21507, showing a modest 0.31% gain. This small uptick suggests the selling pressure might be easing up, potentially giving buyers a chance to step back in.
Key DOGE Price Levels to Watch
- Support zones: $0.2140 and $0.2132 are the key levels holding DOGE up right now.
- Resistance ahead: The coin needs to push through $0.2180 and $0.2215 to show real strength.
- Upside targets: Breaking above $0.2215 could open the door to $0.2250 and beyond.
The TD Sequential buy signal adds credibility to the bullish case, as this indicator often catches important shifts in momentum.
DOGE Price Outlook: Reversal in Sight?
While the technical picture looks more promising, analysts emphasize that volume needs to confirm any move higher. Without solid buying interest, DOGE might just keep bouncing between $0.21 and $0.22. However, the technical setup suggests bulls could finally be gaining ground after weeks of weakness.
Peter Smith
