Dogecoin Price Holds at $0.2198 as TD Sequential Hints at Reversal, Pay Attention to This Setup

Dogecoin (DOGE) is exhibiting potential signs of a recovery, with the TD Sequential indicator signaling a buy opportunity on the 4-hour chart. This development is being closely watched by traders, as it could indicate a short-term trend reversal. At the time of writing, DOGE was trading at $0.2198.

TD Sequential Suggests a Potential Shift in Trend

Analysis indicates that the TD Sequential indicator has triggered a red “9” candle on the 4-hour DOGE/USDT chart. This technical signal is often used to identify trend exhaustion and potential price reversals. The indicator aligns with a recent low near $0.218, marking it as a key level of interest for buyers.

A previous signal on the same chart had already hinted at growing support. The new 9-count further suggests that the recent decline may be slowing. This setup often precedes short-term rebounds, particularly when price confirms with upward movement.

DOGE’s price action is also influenced by broader market factors. With traders exercising caution ahead of potential economic announcements, many altcoins have experienced reduced trading volumes. Nevertheless, technical indicators continue to suggest that a turnaround may be approaching.

Short-Term Structure Supports Accumulation and Upside Potential

On the 15-minute chart, DOGE has established a rising trendline from recent lows. This could signify a potential accumulation phase, where buyers consistently support the price in anticipation of a breakout attempt. DOGE has rebounded from approximately $0.218 to $0.223, maintaining its position near a short-term support zone.

Trading data indicates a decrease in volume, yet the overall structure remains intact. If the price successfully surpasses the $0.225 resistance level, the subsequent targets could be $0.235 and $0.25. A breakout above a certain level could potentially trigger a rally, mirroring past formations.

DOGE currently holds a neutral stance on most daily indicators but has remained above its 50- and 100-day moving averages. Traders are now focusing on volume and confirmation signals to validate this potential rebound.