- Dogecoin price breaks $0.2400 resistance, targeting $0.2800–$0.3000 range.
- TD Sequential signals potential dip buy opportunity for DOGE.
- DOGE tests support at $0.2630, with downside risk to $0.2550 if broken.
Dogecoin Price is in a situation that is at a crucial crossroad as it is attempting to test crucial levels against which it has fallen in recent times. The next step may be the decisive one with the bearish momentum potentially approaching exhaustion. DOGE is in danger of a reversal above about $0.2630, however, a drop under the price might portend a downward move. Monitoring indicators of a bullish rebound or potential worsening as the price struggles with major resistance points of $0.2900 and above.
Dogecoin Price Key Levels and TD Sequential Signal
According to a recent analysis that Ali Chart published, the 4-hour chart of Dogecoin price versus USDT indicates a downcoming trend with a series of bearish candlesticks. The last decline has shattered a small support of $0.2680 and is probing the second level of $0.2630. The TD Sequential indicator which indicates the number 9, indicates that the bearish trend might be running out and this could be a sign of a reversal or consolidation.
The reversal signs that Ali points out as the price moves towards the support of about $0.2630 include the presence of bullish candlesticks or volume spikes. When such a level is supported, then there is a possibility that it will bounce but below the level, there is a possibility of further downward movement with a target of $0.2550.
As Ali observes in the daily chart, Dogecoin price has broken the level of resistance at $0.2400 and is currently moving towards $0.2800-$0.3000 which has been unable to accept the price action before. Ali feels that in order to move on, the bullish momentum, DOGE has to overcome the resistance of $0.2900.
Ali also highlighted the buy signal of the TD Sequential in his recent tweet and remarked that the dip might be a good buying point. The volume growth in the latest growth is well sustained. But when DOGE does not break the resistance at the $0.3000 point, traders should observe the retest of the support level at the $0.2400 point as a possible buying zone. A lack of this support may cause a pullback to $0.2000.
The analysis conducted by Ali offers a straightforward plan: to wait until there is a confirmation on the most important levels, taking into account the possibility of the event of bullish continuation and the threat of a pullback. The traders must be ready to either occur and respond.
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