Dogecoin ($DOGE), the popular meme-inspired cryptocurrency, has captured the attention of traders and investors as it hints at a potential upward price movement. The latest daily chart shows that a key technical indicator called the TD Sequential signals a possible buy opportunity. This technical analysis, accompanied by price action, suggests that Dogecoin could be on the verge of a significant rebound, attracting both short-term traders and long-term investors.
According to Crypto Analyst Ali Martinez, The TD Sequential indicator is a widely followed tool in cryptocurrency trading. It is designed to identify market exhaustion and the potential for price reversals. This indicator uses a countdown system and has been pivotal in signaling bullish and bearish trends. On March 11, 2025, Dogecoin’s daily chart recently displayed a buy signal after the TD Sequential reached a crucial “9” count.
This signal typically indicates a shift in market sentiment, suggesting that the current downtrend may soon end. Following this count, the market could enter a more favorable period for buying, leading to a reversal in price direction.
Dogecoin Price Analysis: Support, Resistance, Future
In the attached chart, the daily candles highlight recent price movements of Dogecoin. The chart reveals a series of bearish candles, suggesting a previous downtrend. However, the latest candle, marked by a white box and highlighted by the TD Sequential “9” signal, represents a potential turning point. The price of Dogecoin has shown some positive movement, rising from $0.15402 to $0.16118, a gain of 4.66%. This upward price action supports the hypothesis that Dogecoin could be ready to reverse its course and regain upward momentum.
For traders looking to capitalize on this potential rebound, monitoring key support and resistance levels is crucial. The chart indicates the immediate support level around $0.15500, where the price of Dogecoin has recently bounced. If the price remains above this level, the possibility of further upside remains intact.
The next significant level to watch is near the $0.17000 mark on the resistance side. If Dogecoin can break through this level, it could pave the way for a more significant rally in the coming days. These levels will determine whether the recent bullish signs are merely a short-term bounce or the beginning of a more sustained price movement.
As the TD Sequential indicator signals a buy, many traders are eager to see if Dogecoin can maintain its upward trajectory. The coming days will be crucial in determining whether this rebound is the beginning of a longer-term rally or just a short-term correction. With the current market conditions, investors need to keep a close watch on Dogecoin’s price movements and volume, as these factors will further confirm the trend.
