Major Dogecoin Indicator Flashes Bullish, Is It Time To Buy?

2024-9-4 04:30

Crypto analyst Ali Martinez has highlighted a major indicator for Dogecoin (DOGE), which is flashing a bullish signal. This suggests that now may be the right time to buy the foremost meme coin, with a price rebound looking imminent. 

TD Indicator Flashes Buy Signal For Dogecoin

Martinez revealed in an  X (formerly Twitter) post that the TD indicator is flashing a buy signal for Dogecoin. He added that the foremost meme coin is also showing a bullish divergence against the relative strength index (RSI) on the 4-hour chart. The crypto analyst noted how these positive signs suggest that a potential price rebound for Dogecoin is on the horizon. 

Dogecoin’s price action has remained tepid so far, as the meme coin continues to range at the crucial price level of $0.10. However, these technical indicators show that Dogecoin could soon achieve a successful breakout above $0.10 and rise to new highs. Dogecoin’s price recovery will also largely depend on Bitcoin’s price action. 

Data from the market intelligence platform IntoTheBlock shows that Dogecoin’s correlation with Bitcoin is at 0.91, indicating a strong positive price correlation between the prices of both crypto assets. As such, Bitcoin, being the flagship crypto, will need to make a bullish move soon enough so that Dogecoin can also enjoy a bullish reversal. 

This reversal should happen soon enough, with crypto analysts like Mikybull Crypto predicting that Bitcoin will enjoy a huge rally in the coming weeks. The analyst predicted that the flagship crypto could reach a new all-time high (ATH) on its next leg up. This will undoubtedly pave the way for Dogecoin to surpass its year-high of $0.22, which it reached when Bitcoin hit its current ATH of $73,000 earlier in March of this year. 

DOGE Could Reach $0.30 “Within Few Days”

Crypto analyst World of Charts has predicted that Dogecoin could surpass its year-high of $0.22 and reach $0.30 within a few days. He made this prediction while noting that the meme coin is consolidating within a falling wedge. He claimed that a breakout will send Dogecoin to this price level if the falling wedge plays out. 

Crypto analyst Trader Tardigrade also recently made a bullish case for Dogecoin. He noted that the meme coin had formed the second low after the last touch to the support. He revealed that in previous cycles, Dogecoin pumped “drastically” right after the second low. This also suggests that a mega rally is on the horizon for Dogecoin. Based on the chart he shared, Dogecoin could rise to as high as $4 when it witnesses this parabolic move. 

At the time of writing, Dogecoin is trading at around $0.099, up over 3% in the last 24 hours, according to data from CoinMarketCap. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Chronobank (TIME) на Currencies.ru

$ 20.13 (-0.01%)
Объем 24H $188.813k
Изменеия 24h: -5.53 %, 7d: -14.70 %
Cегодня L: $19.96 - H: $20.38
Капитализация $14.296m Rank 1055
Цена в час новости $ 15.52 (29.7%)

time buy bullish indicator major dogecoin may

Источник: newsbtc.com

time buy → Результатов: 126


Фото:

DOGE increased 76,000% from its all-time low, is it a good buy in July?

Dogecoin (DOGE/USD) is one of the most popular meme-themed cryptocurrencies out there, created as a joke from the famous “doge” meme, which featured a Shiba Inu dog on the logo. This is an open-source project developed by Billy Markus and Jackson Palmer and would, over time, evolve into one of the largest cryptocurrencies, consistently pushing […] The post DOGE increased 76,000% from its all-time low, is it a good buy in July? appeared first on Invezz.

2022-7-19 12:50


The Metaverse is here! And it’s time to make some money

First, let’s talk about the Metaverse: it’s a virtual world that exists on top of the internet. You can get there via a VR headset or by using your phone as a VR device. In this world, you can buy and sell goods and services, chat with people from all over the world, and even […] The post The Metaverse is here! And it’s time to make some money appeared first on NFT News Today.

2022-5-21 10:12


Фото:

Where to buy Decred (DCR) coin: it’s up 17% today as majority of coins trade sideways

The price of the Decred (DCR) coin has been rising since April 11 and today it had surged by 17.05% by the time of writing. To help investors and traders who are eyeing to buy and hold Decred (DCR) coin, Invezz has created a brief article to help with identifying the best places to buy […] The post Where to buy Decred (DCR) coin: it’s up 17% today as majority of coins trade sideways appeared first on Invezz.

2022-4-23 13:46


Фото:

Where to buy Shiba Inu as its price rallies after getting listed on Robinhood

After trading at about $0.000025 for quite some time, Shiba Inu finally seems to be heading towards $0.00003. The current rally is purely based on the long-anticipated listing on Robinhood. To help new investors and traders who are eyeing the coin, Invezz has created a brief article to assist crypto traders and investors understand what […] The post Where to buy Shiba Inu as its price rallies after getting listed on Robinhood appeared first on Invezz.

2022-4-13 18:11


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Dogecoin Price Action: What To Expect As The DOGE RSI Climbs To 90% Once Again

The Dogecoin price has been stuck in a state of correction and consolidation since the first week of December after a crazy multi-week rally that saw it peaking just below the $0.48 price level. Recent price action in the past 24 hours and seven days has been riddled by declines, with the RSI indicator reflecting […]