- Dogecoin now trades near $0.162 and must break $0.17 for bullish momentum to target the $0.21 level.
- The TD Sequential buy signal has printed a red 9 candle on the 3-day chart near the support trendline.
- A break above $0.17 could trigger strong price movement with the $0.213 level next based on Fibonacci levels.
Dogecoin may be preparing for a major rebound if it can regain the $0.17 level, according to a chart shared by market analyst Ali on June 28. The chart signals a potential bullish shift using the TD Sequential indicator, which has now printed a buy signal on the 3-day timeframe. If confirmed, this could pave the way for Dogecoin to rise toward $0.21 in the short term.
Source: X
TD Sequential Buy Signal Appears
The chart displays a red “9” candle, part of the TD Sequential pattern, suggesting the current downtrend could be nearing exhaustion. This technical signal is widely used by traders to anticipate trend reversals. Historically, Dogecoin has shown strong price moves when the “9” buy setup aligns with significant support.
Dogecoin is trading near $0.162, resting just below the $0.165 resistance, which also marks the 0.5 Fibonacci retracement level. This price zone is considered crucial for defining short-term direction. A clear move above $0.17 could confirm the reversal and trigger follow-up momentum.
In addition, the upward-sloping trendline on the chart shows strong support has held since 2024. The combination of diagonal trendline support and TD Sequential setup could strengthen the bullish outlook if market conditions remain favorable.
Key Fibonacci Levels: Outline Target Zones
The analysis also highlights major Fibonacci levels as potential price targets. These include 0.382 at $0.123, 0.5 at $0.165, 0.618 at $0.213, and 0.786 at $0.390. Each level corresponds to historical reaction zones in previous Dogecoin cycles.
For now, the main hurdle is the $0.17 resistance , which has acted as a ceiling throughout June. Should DOGE reclaim this level, traders could target $0.213 as the next key objective. This would align with the 0.618 Fibonacci level, often considered a major breakout zone.
Volume will play an important role in confirming any rally. Without a noticeable increase in buying activity, the price could remain range-bound. However, technical indicators now suggest that momentum is starting to build.
The price structure shows a tight range forming just above the trendline. Any decisive move outside this zone could result in rapid price action. Traders will be closely monitoring these developments in the coming days.
Will DOGE Regain Its Uptrend Toward $0.21?
With technical indicators flashing early signals, market watchers are questioning whether Dogecoin can reclaim its bullish momentum. The $0.17 level remains a key decision point. A sustained close above this price could open the door to higher targets around $0.21.
The TD Sequential has proven effective in past market cycles when paired with clear price structure and volume confirmation. It now suggests that DOGE may be entering a potential accumulation or reversal zone.
Ali’s chart, published to over 33,000 viewers, outlines a clear setup based on well-tested indicators. The coming sessions could determine if Dogecoin returns to a bullish path or continues in its current consolidation.
