- TD Sequential buy signal on 4-hour chart suggests DOGE may be entering a short-term reversal.
- DOGE forms a rising trendline from $0.218, with $0.225 as key resistance for breakout potential.
- Despite lower volume, DOGE holds above 50- and 100-day MAs, supporting bullish structure.
Dogecoin (DOGE) may be showing early signs of a recovery after the TD Sequential indicator flashed a buy signal on the 4-hour chart. Traders are monitoring this development closely, as it could suggest a potential short-term trend reversal. At the time of writing, DOGE was trading at $0.2198.
TD Sequential Suggests a Potential Shift in Trend
According to analysis prepared by crypto analyst Ali (@ali_charts), the TD Sequential indicator has triggered a red “9” candle on the 4-hour DOGE/USDT chart. This technical signal is used to spot trend exhaustion and potential price reversals. The indicator aligns with a recent low near $0.218, marking it as a level of interest for buyers.
A previous signal on the same chart, shown under candle “A13,” had already hinted at growing support. The new 9-count adds further confirmation that the recent decline could be slowing. Ali noted that this setup typically precedes short-term rebounds, especially when price confirms with higher moves.
DOGE’s price action is also being shaped by broader market factors. With traders cautious ahead of the U.S. Federal Reserve’s policy update, many high-beta altcoins have seen lower volumes. Yet, technical tools continue to signal that a turnaround may be near.
Short-Term Structure Supports Accumulation and Upside Risk
On the 15-minute chart, DOGE has formed a rising trendline from recent lows. This suggests a potential accumulation phase, where buyers repeatedly support the price before a breakout attempt. DOGE has bounced from around $0.218 to $0.223, holding near a short-term support zone.
Trading data from CoinGecko shows volume decreased by over 24%, though the structure remains intact. If the price clears the $0.225 resistance level, the next targets could be $0.235 and $0.25. According to a chart shared by BitGuru, a breakout above $0.243 could trigger a rally toward $0.28, reflecting past formations.
DOGE remains neutral on most daily indicators but has held above its 50- and 100-day moving averages. Traders now look to volume and confirmation signals to validate this potential rebound.
