Dogecoin price may be entering a phase of renewed market attention as a widely followed technical signal has emerged on its weekly chart. The potential shift comes amid persistent selling pressure that has pushed DOGE from its highs near $0.50 to the current range below $0.18. Crypto expert Ali noted that the TD Sequential indicator has triggered a buy signal on X (formerly Twitter), suggesting a potential change in trend.

The chart shared by the analyst shows a weekly “9” candle, a point in the TD Sequential system that often signals exhaustion in the prevailing trend. Traders are now observing the $0.165–$0.170 range for signs of support while awaiting further confirmation of a potential reversal.

The chart shows Dogecoin price trading in a prolonged downtrend since mid-December 2024. The price keeps dropping, showing lower peaks and dips each time, which means sellers are still in control. After falling to about $0.17, the price steadied with smaller movements on the chart, suggesting the downward push might be losing steam.

The “9” candle from the TD Sequential system appears on the latest bar. Historically, this number signals that a trend may be near exhaustion. In this case, it points to a possible bottom following months of declining prices. According to Ali’s tweet, this could mark the start of a rebound for DOGE.

Support has emerged in the $0.165–$0.170 zone, where recent candles show long wicks and tighter price movement. This behavior may indicate that sellers are losing control at this level. If DOGE price maintains this base, traders will be watching for a push toward $0.22, $0.28, and $0.35 as the next potential resistance points.

A descending trendline from the December highs remains intact. For any bullish momentum to build, DOGE would need to break above this trendline and sustain a close beyond it. Until that occurs, the broader market structure remains bearish.

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The current market behavior suggests consolidation. The TD Sequential signal has increased speculation around a potential short-term rebound, but broader confirmation is still absent. Momentum and volume would need to increase for any sustained move to materialize.

Ali’s tweet has contributed to rising discussion among market watchers. While some are interpreting this as an early reversal signal, the prevailing trend remains downward unless DOGE price decisively breaks key resistance levels.

Market participants continue to monitor DOGE developments closely as technical signals and sentiment evolve.

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The post Dogecoin (DOGE) Price Ready to Explode? Key Signal Flashes “Buy” on Weekly Chart appeared first on CaptainAltcoin.

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