Dogecoin (DOGE) has flashed a technical buy signal on its four-hour chart, suggesting a potential short-term rebound after recent losses. Analyst Ali Charts identified the TD Sequential buy signal, with previous occurrences leading to recoveries of 6.96%, 2.71%, and 11.25%. The token currently trades at $0.08495 after pulling back from $0.09500, testing the 200-period exponential moving average at $0.08284 as key support. However, the Relative Strength Index remains at 44.50, below the neutral 50 level, indicating weak buying pressure. Derivatives data shows trading volume dropped 28.04% to $1.03 billion while open interest fell 3.88% to $1.26 billion, signaling cautious market participation. Whale holdings have reached a new all-time high of approximately 130 billion DOGE, providing a supportive backdrop for the broader outlook.
Dogecoin could be approaching a short-term recovery after crypto analyst Ali Charts identified a fresh bullish signal on the four-hour chart. The TD Sequential indicator has flashed a buy signal for DOGE, suggesting that the recent correction may be losing momentum.
The token’s price has pulled back to $0.08495 following an upward push to around $0.09500. The pullback has moved DOGE below the 20, 50, and 100 exponential moving averages.
The 200 EMA at $0.08284 has emerged as a critical dynamic support level, according to TradingView data. The RSI sits at 44.50, staying under the neutral 50 line, meaning sellers remain in control short term.
Derivatives data from CoinGlass shows Dogecoin’s trading volume dropped by 28.04% to $1.03 billion. Open interest fell by 3.88% to $1.26 billion.
Whale accumulation is increasing, with data from Dogegod revealing that whales now hold approximately 130 billion DOGE. This addition can bolster positive sentiment, especially while DOGE trades at key technical support levels.
