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Ready To Rocket? Dogecoin Chart Hints At Major Gains Ahead

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Crypto analyst Ali Martinez (@ali_charts) has spotlighted a potential trend reversal for Dogecoin, revealing that the popular memecoin has flashed a bullish technical signal on its daily chart. According to Martinez, the TD Sequential indicator has presented a “buy signal,” suggesting a price rebound could be on the horizon.

Dogecoin Prints TD9 Buy Signal

The shared chart—spanning daily candlesticks of the DOGE/USDT pair—illustrates 10 days of downward price action. Dogecoin has retreated from previous highs near $0.4843 to trade at approximately $0.32, shedding around -35% over the past few days. The most recent candle on the chart is a long black (bearish) bar, reflecting notable selling pressure that pushed prices towards $0.3200.

Dogecoin price analysis
Dogecoin price analysis, 1-day chart | Source: X @ali_charts

“The TD Sequential presents a buy signal on the Dogecoin daily chart, anticipating a price rebound!” Martinez posted via X. At the core of Martinez’s observation is the TD Sequential, a widely respected technical tool among seasoned traders. Developed by market technician Tom DeMark, the TD Sequential aims to identify price exhaustion points and potential reversals in ongoing trends. It works by counting a series of consecutive candles in one direction.

The indicator typically monitors up to nine consecutive bearish or bullish candles. When a count of nine is reached during a persistent downtrend, it often flags a possible bullish turning point—referred to as a “TD9 Buy Signal.” Conversely, nine consecutive higher closes in an uptrend can signal a potential bearish reversal.

In more extended setups, the indicator can continue counting to 13, offering further confirmation, but the “9” signal itself often draws the most immediate attention from traders. On this Dogecoin chart, the TD9 number has just appeared, signifying that the daily downtrend might be reaching a point of buyer interest. Following a “9” candle, the sequence restarts at “1,” which can hint at the beginning of a new bullish setup, should the upcoming candles confirm the reversal.

Price Levels to Watch

The most crucial support zone lies at $0.313, the 0.382 Fibonacci retracement level on the daily chart. Maintaining a daily close above this level could reinforce bullish momentum if buyers respond to the TD9 signal. Any attempt at a rebound will likely confront initial resistance around $0.3400, where the downtrend line is located. A decisive break above this (black) line may validate the anticipated trend reversal.

While further out of reach, regaining ground in the $0.4000 region (0.5 Fibonacci level at $0.395) would be a stronger sign that Dogecoin has recovered from its downward spiral. Overall, Dogecoin is at a crucial spot. The TD Sequential’s “buy” setup does not guarantee instant upside, but it does historically serve as a reliable early warning of trend fatigue.

If bullish traders capitalize on this signal, Dogecoin could stage a price recovery toward mid-range resistances. In contrast, failure to hold the $0.3100 area might prolong the current downward cycle.

Dogecoin price
Dogecoin price, 1-day chart | Source: DOGEUSDT on Tradingview.com

Featured image created with DALL.E, chart from TradingView.com



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Dogecoin (DOGE) Flatlines—Is a Breakout or Breakdown Coming?

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Dogecoin started a fresh decline below the $0.2620 zone against the US Dollar. DOGE is now consolidating and struggling to clear the $0.2550 resistance.

  • DOGE price started a fresh decline below the $0.270 and $0.2620 levels.
  • The price is trading below the $0.2580 level and the 100-hourly simple moving average.
  • There was a break above a connecting bearish trend line with resistance at $0.2540 on the hourly chart of the DOGE/USD pair (data source from Kraken).
  • The price could start another increase if it clears the $0.2550 and $0.2620 resistance levels.

Dogecoin Price Struggles To Gain Pace

Dogecoin price started a fresh decline below the $0.2750 zone, unlike Bitcoin and Ethereum. DOGE dipped below the $0.270 and $0.2620 support levels. It even spiked below $0.2550.

A low was formed at $0.2420 and the price is now attempting to recover. There was a move above the 23.6% Fib retracement level of the downward move from the $0.2830 swing high to the $0.2420 low. There was also a break above a connecting bearish trend line with resistance at $0.2540 on the hourly chart of the DOGE/USD pair.

However, the pair is struggling to settle above the $0.2550 resistance level. Dogecoin price is now trading below the $0.2540 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.2550 level.

The first major resistance for the bulls could be near the $0.2625 level or the 50% Fib retracement level of the downward move from the $0.2830 swing high to the $0.2420 low. The next major resistance is near the $0.2720 level.

Dogecoin Price

A close above the $0.2720 resistance might send the price toward the $0.300 resistance. Any more gains might send the price toward the $0.320 level. The next major stop for the bulls might be $0.3420.

Another Decline In DOGE?

If DOGE’s price fails to climb above the $0.2550 level, it could start another decline. Initial support on the downside is near the $0.2500 level. The next major support is near the $0.2450 level.

The main support sits at $0.2420. If there is a downside break below the $0.2420 support, the price could decline further. In the stated case, the price might decline toward the $0.2350 level or even $0.2220 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level.

Major Support Levels – $0.2500 and $0.2420.

Major Resistance Levels – $0.2550 and $0.2620.



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Dogecoin (DOGE) Stuck In Limbo—What’s Holding Back The Recovery?

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Dogecoin started a fresh decline below the $0.270 zone against the US Dollar. DOGE is now consolidating and might face hurdles near $0.2550.

  • DOGE price started a fresh decline below the $0.270 and $0.260 levels.
  • The price is trading below the $0.260 level and the 100-hourly simple moving average.
  • There is a connecting bearish trend line forming with resistance at $0.2560 on the hourly chart of the DOGE/USD pair (data source from Kraken).
  • The price could start another increase if it clears the $0.2560 and $0.2600 resistance levels.

Dogecoin Price Faces Resistance

Dogecoin price started a fresh decline from the $0.2840 resistance zone, like Bitcoin and Ethereum. DOGE dipped below the $0.270 and $0.260 support levels. It even spiked below $0.250.

A low was formed at $0.2420 and the price is now attempting to recover. There was a move above the 23.6% Fib retracement level of the downward wave from the $0.2830 swing high to the $0.2420 low. The price even cleared the $0.2500 resistance level.

Dogecoin price is now trading below the $0.260 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.2550 level. There is also a connecting bearish trend line forming with resistance at $0.2560 on the hourly chart of the DOGE/USD pair.

The first major resistance for the bulls could be near the $0.2620 level or the 50% Fib retracement level of the downward wave from the $0.2830 swing high to the $0.2420 low. The next major resistance is near the $0.2670 level.

Dogecoin Price

A close above the $0.2670 resistance might send the price toward the $0.300 resistance. Any more gains might send the price toward the $0.320 level. The next major stop for the bulls might be $0.3420.

Another Decline In DOGE?

If DOGE’s price fails to climb above the $0.260 level, it could start another decline. Initial support on the downside is near the $0.2480 level. The next major support is near the $0.2420 level.

The main support sits at $0.2350. If there is a downside break below the $0.2350 support, the price could decline further. In the stated case, the price might decline toward the $0.2220 level or even $0.2150 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level.

Major Support Levels – $0.2480 and $0.2420.

Major Resistance Levels – $0.2600 and $0.2620.



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Avalanche

Analyst Says XRP Setting the Stage for a Breakout, Updates Outlook on Avalanche, Dogecoin and PEPE

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A closely followed crypto strategist thinks that payments altcoin XRP is gearing up for a burst to the upside as it prints a bullish continuation pattern.

Trader Ali Martinez tells his 126,300 followers on the social media platform X that XRP appears to be on the verge of a breakout as it forms a cup-and-handle pattern.

The structure suggests that an asset is bullish as buyers step in to prevent prices from revisiting recent lows.

Says Martinez,

“If XRP is following a cup and handle pattern, a breakout could set the stage for a move toward $3.35!”

Image
Source: Ali Martinez/X

Looking at the trader’s chart, he seems to suggest that XRP will trigger a breakout after breaching the pattern’s resistance at $2.80. At time of writing, XRP is trading at $2.74.

Turning to the layer-1 protocol Avalanche (AVAX), Martinez says the altcoin will likely see a rise in demand once it falls to the lower boundary of a wide trading range.

“The key support level for Avalanche AVAX stands at $20!”

Image
Source: Ali Martinez/X

Based on the trader’s chart, he seems to suggest that AVAX is trading between a range high of $56 and a range low of $20. At time of writing, AVAX is worth $24.95.

Looking at top memecoin Dogecoin (DOGE), the trader believes the altcoin is carving a local bottom at a key Fibonacci retracement level.

Traders use the Fibonacci tool to spot potential entry and exit points based on the Fibonacci ratio.

“Dogecoin DOGE has pulled back to the 0.618 Fib level, also known as the Golden Ratio. This is a key area where bullish reversals often occur!”

Image
Source: Ali Martinez/X

According to the trader’s chart, he suggests that DOGE needs to hold $0.25 to have a shot at reversing its downtrend. At time of writing, DOGE is worth $0.266.

As for fellow memecoin Pepe (PEPE), the analyst warns that the altcoin needs to hold its diagonal support to avoid witnessing a deep corrective move.

“This is a crucial level for PEPE. If it holds above $0.0000092, a rebound could follow. But a break below may open the door for a move toward $0.0000032.”

Image
Source: Ali Martinez/X

At time of writing, PEPE is trading for $0.00000978.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney





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