Dogecoin News Today: Dogecoin Eyes $0.225 Breakout as TD Sequential Buy Signal and Rising Trendline Emerge

Dogecoin (DOGE) is exhibiting early signs of a short-term rebound, as indicated by a TD Sequential buy signal on the 4-hour chart and a rising trendline from $0.218. This technical setup suggests that the recent downward momentum may be losing strength, with key resistance at $0.225 emerging as a critical level for potential breakout. Analysts have highlighted the appearance of a red “9” candle on the TD Sequential indicator, a classic sign that trend exhaustion could lead to a reversal [1].

The rising trendline, observed on the 15-minute chart, shows accumulation activity around the $0.218 support level, indicating continued buyer interest. Despite a 24% drop in trading volume, the price structure remains intact, with DOGE maintaining positions above both the 50- and 100-day moving averages. This supports a neutral-to-bullish outlook for the asset in the near term [1].

Traders are closely monitoring the $0.225 resistance level as a potential catalyst for further gains. A successful breakout above this threshold could open the path to $0.235 and $0.25, with some analysts, including those from BitGuru, suggesting that a move beyond $0.243 could trigger a rally toward $0.28. Such a development would mirror historical price formations, reinforcing the technical validity of the current setup [1].

Market sentiment remains cautious ahead of the U.S. Federal Reserve’s policy update, contributing to subdued trading volumes in high-beta altcoins like DOGE. However, the accumulation phase, supported by trendline and TD Sequential signals, suggests that the asset may be consolidating ahead of a potential upward move. Analysts emphasize the importance of volume confirmation in validating any sustained breakout [1].

Currently, DOGE is trading at $0.2198, with the rising trendline and key resistance level forming a clear technical framework for traders to follow. While the overall market environment is uncertain, the technical indicators point to a scenario where DOGE could see renewed buying interest if the breakout at $0.225 is confirmed [1].

Source: [1] Dogecoin May See Short-Term Rebound as TD Sequential Buy Signal and Rising Trendline Emerge (https://en.coinotag.com/dogecoin-may-see-short-term-rebound-as-td-sequential-buy-signal-and-rising-trendline-emerge/)