Dogecoin May See Short-Term Rebound as TD Sequential Buy Signal and Rising Trendline Emerge
Main Idea
Dogecoin (DOGE) shows signs of a potential short-term rebound, supported by a TD Sequential buy signal and a rising trendline, with key resistance at $0.225.
Key Points
1. TD Sequential buy signal on DOGE’s 4-hour chart suggests a possible trend exhaustion and upcoming price reversal.
2. DOGE has formed a rising trendline from $0.218, with $0.225 as a critical resistance level for breakout potential.
3. A breakout above $0.225 could trigger further upward momentum, with potential targets at $0.235 and $0.25.
4. Market caution ahead of the U.S. Federal Reserve’s policy update has led to lower volumes, but accumulation phases may support a rebound.
5. DOGE remains above its 50- and 100-day moving averages, supporting a neutral to bullish case.
Description
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