Saad Ullah
Dogecoin (DOGE) latest selloff might be running out of steam. After dropping from peaks near $0.29, the beloved meme coin has triggered a TD Sequential buy signal on the 4-hour timeframe - a technical indicator that often spots trend reversals. With price finding its footing around the crucial $0.26 support level, market participants are keeping a close eye on whether DOGE can mount a short-term comeback.
DOGE Price Action: TD Sequential Points to Support
The chart shows DOGE's retreat from recent highs around $0.29 down to current levels near $0.266. Following a string of red candles, the TD Sequential printed a "9" signal, then kicked off a fresh cycle with "1" - typically viewed as the opening move in a potential upward reversal. Crypto analyst Ali highlighted this setup, pointing out how similar signals have historically led to short-term bounces in DOGE price action.
The current setup reveals several important details. DOGE appears to be finding stability in the $0.262-$0.266 range, where fresh buying interest has begun to surface. Looking ahead, the first obstacle sits at $0.272, with stronger resistance waiting at $0.28. Breaking through these barriers could clear the path toward the $0.29-$0.30 zone. The TD Sequential's combination of a "9" completion followed by a new "1" count suggests selling momentum may be fading.
Why Dogecoin Could Stage a Recovery
Multiple elements might fuel DOGE's potential turnaround. The extended selling pressure that produced the TD "9" signal often indicates bearish exhaustion. Meanwhile, broader crypto markets are finding some stability, with Bitcoin holding near important levels and giving altcoins space to recover. DOGE's status as one of the most well-known meme coins keeps it popular with speculative traders, making it susceptible to quick reversals when technical signals line up favorably.
DOGE Price Prediction: Critical Levels Ahead
Should DOGE maintain its position above the $0.26 foundation, the bullish scenario targets a push toward $0.272 and potentially the $0.28-$0.29 area. A convincing break above $0.29 could build additional momentum and unlock the path to $0.30 and higher levels. However, falling below $0.26 would undermine the positive setup and might send DOGE sliding toward $0.25.
Saad Ullah
