Dogecoin price trades at $0.2191 after a 10% drop; a TD Sequential buy signal suggests short-term downside exhaustion and a likely rebound toward resistance at $0.216, $0.222 and $0.244, with $0.30 as the next significant zone if momentum holds.
TD Sequential buy signal suggests short-term rebound potential from $0.20 support.
Immediate resistance levels: $0.216, $0.222, $0.244; next zone near $0.30.
Long-term pattern: cup-and-handle targets of $0.82 and $2.18 noted by analysts.
Dogecoin price dips to $0.2191 after a 10% drop; TD Sequential buy signal hints at rebound. Read technical targets and trading takeaways from COINOTAG.
What is Dogecoin’s current outlook?
Dogecoin price is trading at $0.2191 after a sharp 10% pullback, holding near $0.20 support and showing a TD Sequential buy signal that may mark short-term selling exhaustion. Technical resistance sits at $0.216, $0.222 and $0.244; a sustained break above these opens the $0.30 zone.
How does the TD Sequential buy signal affect Dogecoin?
The TD Sequential indicator flashed a buy setup after a sequence of bearish candles, often signaling a short-term pause or reversal in selling pressure. Analysts on X (formerly Twitter) highlighted this setup as a catalyst for a bounce if $0.20 holds and buying volume returns.
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Market observers also cite compressing Relative Strength Index (RSI) action as confirmation of momentum tightening. If price breaks the local range with confirmed volume, the path to higher resistance levels becomes more probable.
Long-term chart studies show a potential cup-and-handle formation on multi-month timeframes, which, if confirmed, carries measured targets in the $0.82 and $2.18 range. These projections assume multi-month consolidation, trend continuation, and macro conditions supportive of risk assets.
Traders should watch support at $0.20 closely, confirm volume on any bounce, and track RSI for momentum confirmation. Risk management remains essential: define stop-loss levels, scale positions into confirmed breakouts, and avoid overleveraging during volatile bounces.
Analyst Ali (X) noted the TD Sequential buy signal and suggested the setup points to a short-term bounce. Trader Tardigrade (X) and market commentator CryptoInsightuk observed a cup-and-handle and compressed RSI, respectively, adding that a breakout could target at least ~$0.4 in the next leg if confirmed.
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Source: https://en.coinotag.com/dogecoin-may-rebound-from-0-20-support-after-td-sequential-buy-signal-could-test-0-216-0-244-and-0-30/