Is It Time to Buy Dogecoin at a Low Price? This Important Alert is Flashing a Big Buy Signal for $DOGE

Dogecoin may be approaching a turning point, as the TD Sequential indicator has flashed a buy signal on its three-day trading chart. This signal, identified by cryptocurrency expert Ali on X (formerly Twitter), suggests that the recent downward trend may be losing momentum, setting the stage for a potential price recovery. Ali's tweet emphasizes that DOGE is "preparing to bounce back" after a strong downward trend. The accompanying chart analysis shows a TD Sequential buy setup, which traders often interpret as a sign that selling pressure has exhausted. This development has attracted the attention of market participants who are monitoring potential price movements. Analyze the recent downward trend and price action of Dogecoin Looking at the chart of Dogecoin, the price has fallen since mid-January, indicating a pattern of lower highs and lower lows. There was a significant drop in early March, pushing the downward trend down. However, after hitting the level of $0.1500, the price has stabilized a bit. The recent candles show that the market is uncertain about what to do next. Small candle bodies with long wicks indicate that sellers are not pushing as strongly as before. The downward trend line from the previous highs is currently being tested, and a breakout above this level could confirm a change in momentum.

Support and resistance levels of DOGE to watch The support level seems to be around $0.1500, where buyers have entered before. The resistance level is between $0.1900 and $0.2000 – areas that were previously supported before the price fell. If the price of DOGE breaks through the resistance level, it may rise to the level of $0.22-$0.24. But if it cannot hold the current price level, we may see another test of support and could fall further. Market scenario of Dogecoin and price outlook From a technical standpoint, DOGE is at a crucial turning point. If the price surpasses the $0.1900 level, the upward momentum could gain traction. However, a rejection at the resistance level could lead to another downturn, potentially pushing the price of DOGE back to the $0.1500 range. With the TD Sequential buy signal proving effective, traders are monitoring the performance of Dogecoin to assess whether this setup will lead to a sustainable recovery or if the downward trend will continue.