Indicator Turns Bullish for Dogecoin (DOGE); Strong Support Confirms Uptrend – Here’s the Target

Indicator Suggests Bullish Momentum for Dogecoin (DOGE)

Dogecoin (DOGE) analyst Ali noticed a significant development yesterday. On the 4-hour chart, the TD Sequential indicator flashed a buy signal, indicating potential bullish momentum for the cryptocurrency.

According to Ali, if DOGE holds above the critical support level of $0.141, a rebound to approximately $0.162 is possible.

TD Sequential Indicator Signals Buying Opportunity

Ali's chart analysis identified a "9" green buy signal from the TD Sequential indicator. This pattern often indicates the potential exhaustion of any prevailing downtrend.

The "9" signal suggests a prime buying opportunity, as the price may be poised for an upward correction.

Support Confirmation

At the time of analysis, DOGE traded around $0.1457. Ali anticipated a close above the $0.141 support level, which would be crucial for any potential rebound.

Notably, DOGE has since closed above $0.141, finishing at $0.15. This supports the bullish outlook outlined by Ali.

Target of $0.162

Given the developments, the next target for DOGE is expected to be $0.162. This level aligns with previous price action levels and could potentially act as a resistance zone.

Disclaimer:

This article is for informational purposes only. Please conduct your own research before making any investment decisions.