Dogecoin

bullish

Strong

Read

<p>Crypto analyst Ali noted a development for Dogecoin (DOGE) yesterday. On the 4-hour chart, the TD Sequential indicator flashed a buy signal, indicating potential bullish momentum for the meme coin.</p>
<p>According to Ali, if DOGE maintained its position above the critical support level of $0.141, a rebound to approximately $0.162 is plausible.</p>
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<p><a href="https://x.com/ali_charts/status/1853120041698439441" target="_blank" rel="noopener noreferrer nofollow">Ali’s chart analysis</a> revealed that the <a href="https://trendspider.com/learning-center/td-sequential-a-comprehensive-guide-for-traders/" target="_blank" rel="noopener noreferrer nofollow">TD Sequential</a> printed a “9” green buy signal. This pattern is commonly recognized as a strong indicator that any prevailing downtrend might be nearing exhaustion.</p>
<p>The “9” signal typically suggests a prime buying opportunity, as the price may be poised for an upward correction.</p>
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<h2 class="wp-block-heading" id="a-close-above-key-support-has-been-confirmed">A Close Above Key Support Has Been Confirmed</h2>
<p>At the time of the analysis, DOGE was trading around $0.1457 within this 4-hour timeframe. The analyst was looking forward to a close above the $0.141 support level. He mentioned that maintaining this level is crucial for any potential rebound.</p>
<p>A drop below this support would negate the bullish outlook outlined in Ali’s analysis.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="480" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-93-1024x480.png" alt="" class="wp-image-577498" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-93-1024x480.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-93-300x141.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-93-768x360.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-93-1536x720.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-93-2048x960.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-93-320x150.png 320w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-93-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-93-746x350.png 746w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-93-788x369.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-93.png 1802w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Notably, the price recently managed to close above the $0.141 support, finishing at $0.15. This closing price further validates the buy signal identified by Ali. Given this development, the expectation is now set for a rally towards the target of $0.162.</p>
<p>This level aligns with previous price action levels and may act as a resistance zone where selling pressure could emerge if bullish momentum continues.</p>
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<p>The post <a href="https://captainaltcoin.com/indicator-turns-bullish-for-dogecoin-doge-strong-support-confirms-uptrend-heres-the-target/" rel="noopener noreferrer nofollow">Indicator Turns Bullish for Dogecoin (DOGE); Strong Support Confirms Uptrend – Here’s the Target</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Indicator Turns Bullish for Dogecoin (DOGE); Strong Support Confirms Uptrend – Here’s the Target

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