Dogecoin Flashes Buy Signal, Analyst Predicts $0.100 Price Target For DOGE if Key Level Holds
According to crypto trader Ali, the TD Sequential indicator recently presented a buy signal for Dogecoin (DOGE) on its 3-day chart. He notes that as long as the key support around $0.074 continues holding, Dogecoin has a strong chance of rebounding higher to the $0.10 level or above.
Technical Analysis
AltFINS provided further technical analysis around the emerging channel-down pattern and support/resistance:
- Pattern: Trading in channel-down formation, with support around $0.07.
- Stage: Emerging pattern
- Trade Setup:
- Trend traders can wait for a breakout above the pattern for long setup targeting. $0.10/$0.11
- Swing traders can look to enter longs near $0.07 support.
- Trend: neutral short-/medium-term, uptrend long-term
- Momentum: Mixed – Bearish MACD crossover but nearing swing higher
- Support: $0.08, $0.07
- Resistance: $0.10, $0.11
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +The analysis notes that the $0.07 level is a robust support area based on the confluence of the channel support line, horizontal support, and 200-day moving average all lining up around that price zone.
With Dogecoin maintaining above the key support confluence around $0.07, the technical picture looks constructive for a continued relief rally, at minimum back up to test the $0.10 area in the near-term.
Both the pattern setup and momentum indicators suggest upside potential remains. As such, traders may look to adopt bullish strategies while respecting the identified support and resistance thresholds.
You may also be interested in:
- Here Are Updated Ethereum ETFs Deadlines
- Why Is Celestia’s TIA Up Today? Technicals Suggest a Retracement to These Levels Is Imminent
- Cardano (ADA) Going Down, VC Spectra Surges Ahead, Drawing Closer to the $0.025 Target with a Surge in Trading Volume
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
