Time to Buy DOGE Again? This Key Dogecoin Indicators Says Yes

Dogecoin (DOGE) may be poised for a potential rebound, with a key trading signal emerging. Crypto analyst Ali (@ali_charts) pointed out that the TD Sequential indicator has presented a buy signal on the 4-hour DOGE/USDT chart. This indicator is designed to help traders identify potential trend reversals, and it currently suggests a possible end to DOGE’s recent price decline.

On the chart shared by Ali, the TD Sequential has reached the 9th candle, a common indicator of an impending shift in trend direction. The red “9” aligns with a low black candle, implying that selling pressure might be waning.

@ali_charts / X

A green arrow had previously appeared beneath a candle labeled “A13,” indicating an earlier buy signal. Despite a subsequent minor price dip, this new 9-count reinforces the likelihood of a rebound.

DOGE is currently trading near $0.219. Despite the recent price decrease, these indicators suggest that the downtrend could be losing momentum. For analysts and traders monitoring the chart, this area could represent a crucial support level from which a recovery might begin.

Dogecoin Price Exhibiting Resilience on the Short-Term Chart

The 15-minute DOGE chart also reveals signs of strength. A rising trendline has formed, connecting recent lows and establishing a support level for the price. DOGE has repeatedly bounced off this trendline, indicating buyers are intervening before further price declines.

Dogecoin 15-Minute Price Chart

This pattern suggests increasing upward pressure. Despite a dip to approximately $0.218, the price quickly recovered and is currently around $0.223. The sequence of dips followed by higher lows suggests growing buying interest.

The overall structure on this short-term chart resembles an accumulation phase. Traders often interpret this as a preparatory stage before a breakout. If DOGE manages to surpass the $0.225 level, it could signal the commencement of a new short-term rally.

Both the 4-hour and 15-minute charts are displaying indicators that DOGE may be gearing up for another upward movement. Traders are closely monitoring these signals to determine if they will translate into a genuine upward trend.

The post Time to Buy DOGE Again? This Key Dogecoin Indicators Says Yes appeared first on CaptainAltcoin.