Dogecoin Indicator Flashes Buy Signal On 4-Day Chart: Rebound?
Dogecoin (DOGE) fell below $0.25 following days of severe volatility and price fluctuations. Meme currencies like DOGE have been hit hard by the crypto market slump, with bulls battling to recover.
DOGE has unable to recapture crucial resistance levels despite several efforts to push higher. Investors are looking to see whether bulls can reclaim control or if downward continues. Many traders are waiting for a clear rebound signal before reentering the market.
Ali Martinez, a crypto expert, said Dogecoin may return on X. His study shows that DOGE may be reversing as the TD Sequential indicator flashed a buy signal on a high time period. DOGE may rebound strongly in the coming days if bulls capitalize on this scenario.
Can Dogecoin Prepare For A Recovery Rally?
Dogecoin has fallen 60% from its multi-year high of $0.48 to its lowest level since late 2024 as bullish optimism fades. Due to market weakness, meme currencies have suffered the most in the correction. DOGE struggles to regain liquidity, making a comeback rally difficult.
Market players are awaiting for a definitive move, as analysts and investors wait for a breach above important supply or below current demand levels. DOGE's price behavior is unclear until a pattern emerges.
As market sentiment remains mixed, traders are watching DOGE's next big move. Dogecoin may rebound in the next days if buyers confirm the TD Sequential's buy signal. Failure to retake critical levels may increase downward pressure, postponing any substantial comeback.
DOGE in Critical Demand
After falling below $0.20 and rising over $0.22, Dogecoin is trading at $0.209. Bulls are trying to reclaim power following weeks of selling.
Bulls must recapture $0.25 as a support zone for DOGE to rebound strongly. This would allow a surge over the 200-day MA and Exponential Moving Average (EMA), critical resistance levels that might lead to higher price goals. If DOGE clears these key obstacles, buyers may gain momentum and maintain a rally.
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