Rare Dogecoin Signal Predicts Major Price Movements

Dogecoin has recently shown promising signs of a potential rebound, as indicated by a TD Sequential buy signal on its 3-day chart. After initially opening at $0.1326 and experiencing a slight dip to around $0.129, the cryptocurrency’s price swiftly bounced back, surging back above $0.131 and briefly touching $0.133. Currently, Dogecoin is hovering around $0.132, demonstrating stability as buyers work to maintain gains near resistance levels.

The TD Sequential indicator, as identified by analyst Ali Martinez, has detected a buy signal on Dogecoin’s 3-day chart. This signal points towards a potential decrease in the recent downward momentum noted in the cryptocurrency’s price movement. By completing a TD “9” count following a succession of bearish candles, this pattern often hints at trend exhaustion. This development suggests a decline in selling pressure, specifically around the $0.13 mark, which may pave the way for a short-term rebound as buyers start to intervene.

Should this TD buy signal hold, Dogecoin could experience a relief bounce from its current levels, with initial interest in an upward movement expected to gather above the $0.132 price point. While further confirmation is still required regarding the broader trend, historically, this signal indicates moments when prices stabilize or reverse, particularly when it emerges near key support levels. Consequently, Dogecoin might be transitioning into a phase where downward risks are minimized, making a recovery rally increasingly plausible in the forthcoming trading sessions.

Over on the 2-hour chart, analyst Trader Tardigrade has identified an inverse Head and Shoulders pattern completed by Dogecoin, signaling a bullish reversal pattern. With the left shoulder forming within the $0.128–$0.130 range, followed by a prominent head around $0.120, and a higher right shoulder above $0.129, buyer support seems to be strengthening. This structure implies a decrease in selling pressure as Dogecoin steadily advances towards the neckline resistance located around $0.132–$0.133.

The breakout and sustained hold above the neckline, around $0.133, confirm the completion of the pattern, thereby enhancing the probability of continued upward movement. Based on the pattern’s depth, Trader Tardigrade anticipates a measured move that could propel Dogecoin towards the $0.138–$0.140 range should momentum persist. As long as Dogecoin remains above the breakout level of $0.132, the short-term outlook remains bullish, with buyers firmly in charge of the current trend.