The TD Sequential indicator is flashing a buy signal on Dogecoin's daily chart, hinting at a potential reversal in its price trend. Recently, Dogecoin's price has seen a decline of about 35%, dropping from $0.4843 to approximately $0.32.
A key support level has been identified at $0.313, corresponding to the 0.382 Fibonacci retracement level. Initial resistance is expected to occur around $0.34, coinciding with the downtrend line. Overcoming this resistance level might pave the way for further recovery.
If Dogecoin's price manages to recover above the $0.40 level, it would suggest a stronger bullish momentum and potentially entice more buyers into the market.
Fuente: blockonomi.com ↗