The Dogecoin (DOGE) market in the last seven days has grabbed the market’s attention significantly. After months in a descending triangle pattern, it finally broke free, showcasing a potential change in trend on its weekly chart. Analysts, enthusiasts, and traders alike keenly ob...
- Dogecoin (DOGE) breaks free from a descending triangle, flashing a ‘buy’ signal, signaling potential bullish momentum.
- DOGE faces resistance at $0.06942, but a weekly close above this level could lead to a $0.077 target.
- A falling wedge pattern hints at weakening selling pressure and a possible bullish reversal, but indicators predict correction.
The Dogecoin (DOGE) market in the last seven days has grabbed the market’s attention significantly. After months in a descending triangle pattern, it finally broke free, showcasing a potential change in trend on its weekly chart.
Analysts, enthusiasts, and traders alike keenly observe Dogecoin, as the TD Sequential indicator has flashed a ‘buy’ signal, suggesting that the momentum might be shifting in favor of the bulls.
DOGE’s 24-hour trading volume decreased by 5.59% to $206.45 million, but its market capitalization increased by 0.40% to $9.73 billion during the rally, reflecting the profit-taking by investors who took advantage of the rally to sell their holdings. Despite the drop in trading volume, the general mood remains optimistic as the ‘buy’ signal continues to pique market players’ attention and confid…
The post DOGE’s Bullish Signs Emerge as TD Sequential Flashes ‘Buy Signal’ appeared first on Coin Edition.