Dogecoin (DOGE) , the popular meme-inspired cryptocurrency, is showing signs of a potential trend reversal as the Tom DeMark (TD) Sequential indicator flashes a buy signal on the daily chart. This development has caught the attention of traders and analysts, as the indicator has a history of accurately predicting shifts in price momentum. With growing speculation about an upcoming bullish breakout, investors are now watching key technical levels to determine whether DOGE can regain upward momentum. But how reliable is the TD Sequential signal, and what does it mean for Dogecoin’s price trajectory? The TD Sequential Indicator The TD Sequential indicator, developed by Tom DeMark, is a technical analysis tool used to identify potential trend reversals and exhaustion points in an asset’s price movement. It consists of two main phases: The TD Setup phase involves a sequence of nine consecutive candles, each closing lower (in a downtrend) or higher (in an uptrend) than four candles prior. This phase establishes whether an asset is in an extended bullish or bearish trend. If the trend continues beyond this phase, it moves into the next stage, known as the TD Countdown. This phase consists of 13 candles and serves as a confirmation of trend exhaustion, signaling a potential reversal. When the TD Sequential flashes a buy signal, it suggests that the asset is oversold and due for an upward correction. Conversely, a sell signal indicates overbought conditions, hinting at a potential decline. Traders often use this indicator in combination with other technical tools to validate trading opportunities and minimize risk. Why This TD Sequential Buy Signal Matters for Dogecoin According to crypto analyst Ali, TD Sequential has printed a buy signal on Dogecoin’s daily chart, suggesting that a potential rebound could be on the horizon. This signal comes at a crucial moment, as DOGE has faced selling pressure in recent weeks, leading to a period of consolidation and price stagnation. However, technical indicators suggest that the correction may be losing steam, setting the stage for a possible bullish reversal. Dogecoin (DOGE )Charts/ Ali The importance of this buy signal lies in its historical accuracy. The TD Sequential has successfully predicted key turning points in Dogecoin’s price action in the past, giving traders a reason to pay attention. If history repeats itself, this signal could mark the beginning of a new upward trend. However, confirmation from price action and market sentiment is essential before making any definitive conclusions. Key Technical Levels to Watch For a confirmed rebound, Dogecoin must hold critical support levels and break through key resistance zones. The immediate support zone lies between $0.12 and $0.13, an area where buyers have previously stepped in to prevent further downside. If Dogecoin remains above this level, it increases the chances of a sustained recovery. On the resistance side, DOGE needs to move above $0.15 to gain bullish momentum. A successful breakout above this level could push the price toward the next major resistance range between $0.18 and $0.20. Traders will be watching these levels closely to determine whether the TD Sequential buy signal translates into a significant price movement. A decisive breakout above resistance could signal the start of a stronger uptrend, while failure to hold key support levels may invalidate the bullish setup. Given the volatility in the crypto market, traders should remain cautious and look for additional confirmations before taking action. Market Sentiment and Whale Activity Beyond technical indicators, on-chain data and market sentiment play a crucial role in determining price movements. Recent trends suggest that whales—large holders of Dogecoin—have been accumulating at lower price levels, a sign of confidence in a potential rebound. When whales increase their holdings, it often indicates that they anticipate a price surge shortly. Social media activity also suggests a growing interest in Dogecoin. Increased mentions of DOGE on platforms like X and Reddit indicate renewed enthusiasm among retail traders. Historically, Dogecoin has benefited from strong community engagement, with social media trends often influencing its price movement. Additionally, Dogecoin’s price movement has historically shown a strong correlation with Bitcoin. If Bitcoin continues to trade within a bullish structure, it could provide additional support for Dogecoin’s potential rally. The broader crypto market sentiment, therefore, remains an important factor in determining whether DOGE will capitalize on its buy signal. Is Now the Time to Buy Dogecoin? The TD Sequential buy signal suggests that Dogecoin may be gearing up for a reversal, but confirmation is needed from price action, volume, and broader market sentiment. If DOGE manages to hold support and break key resistance levels, traders could see a strong rally in the coming days. However, as with all technical indicators, the TD Sequential is not foolproof, and external factors such as macroeconomic trends, regulatory developments, and market-wide sentiment can influence price action. Traders should exercise caution, manage risk, and consider multiple indicators before making investment decisions. As Dogecoin hovers at a potential turning point, all eyes are now on the charts to see if this signal translates into a true bullish breakout or merely a short-term relief rally. As of report time, Dogecoin (DOGE) trades at $0.1578, with a 5.36% price decline in 24 hours. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Dogecoin (DOGE) Flashes Buy Signal: Is a Rebound Imminent? appeared first on Times Tabloid .
