- A TD Sequential “9” buy signal has emerged on the 3-day DOGE chart, suggesting a possible bullish reversal near trendline support.
- Ali notes that reclaiming $0.17 may unlock upside momentum, with historical signals often preceding notable rallies on Dogecoin’s chart.
- If momentum builds above $0.165, DOGE could advance toward the 0.618 Fibonacci level at $0.23117, according to current chart structure.
Dogecoin is showing early bullish momentum as price action stabilizes near a crucial resistance. Analysts point to the possibility of a short-term rebound if the $0.17 level is reclaimed soon.
Price Consolidates Above Key Trendline Support
Dogecoin (DOGE) continues to trade above a rising trendline that has held firm since late 2023. The trendline, currently intersecting between $0.13 and $0.14, has acted as a long-term support base during prior corrections. DOGE’s current market price of $0.1635 shows a 2.29% gain over the last 24 hours and a 3.59% rise over the past week.
As per the analysis shared by Ali (@ali_charts), DOGE is consolidating just below the 0.5 Fibonacci retracement level at $0.16537. This level remains the immediate resistance. It will be crucial how price reacts in the short run around this region. The general structure of the chart indicates the stability and the trendline which is in ascending trend also validates the bullish formation that is already present.
There is a chance of breakout beyond the $0.17 mark, especially on a higher trading volume, and this is likely to provide an avenue towards more retracement levels
TD Sequential Buy Signal Suggests Bullish Setup
Ali also noted the presence of a TD Sequential “9” buy signal on Dogecoin’s 3-day chart. This technical setup has previously marked the beginning of notable bullish runs. The signal has now appeared near the trendline support, increasing its relevance as a potential reversal indicator.
The TD Sequential pattern has in the past been proven to provide accurate indications to predict short term trend reversals when configuring in proximity of important areas of support. Provided that buyers retain the momentum and continue moving the rate above the nearest resistance, Dogecoin might also retest the 0.618 Fibonacci level at $0.23117.
Reclaiming $0.17 Could Unlock Upside Toward $0.21
According to Ali’s tweet, a decisive move above the $0.17 resistance may trigger a new upward leg targeting $0.21. This level would represent a continuation of the bullish structure aligned with historical Fibonacci projections.
DOGE’s price remains in a tight range, but the presence of strong support, along with bullish technical signals, keeps upward prospects on the table. As long as the trendline holds, the probability of further price recovery remains intact heading into the second half of 2025.
A breakout could validate the bullish scenario mapped by recent technical indicators.
