Dogecoin

bullish

Captain

Read

<p><a href="https://captainaltcoin.com/analysts-convinced-of-dogecoin-to-a-dollar-but-not-before-polygon-and-rollblock/" target="_blank">Dogecoin’s $DOGE</a> spent most of August in a narrow $0.10 channel, but in the last week, a breakout was attempted, and it rose by 8.5% to a $0.114 peak.&nbsp;</p> 
<p>Yesterday, Twitter analyst Ali Charts told and shared a chart with his 70k followers that Dogecoin’s price shows a bullish divergence against the Relative Strength Indicator (RSI) on the 4-hour chart, and the Tom Denmark (TD) Sequential indicates that a price rebound is on the horizon after its downward trend display.</p> 
<h1 class="wp-block-heading" id="dogecoin-chart-technical-analysis">Dogecoin Chart: Technical Analysis</h1> 
<p>The bullish divergence between Dogecoin’s price and its RSI is one of the interesting patterns observed on the chart posted by the analyst.</p> 
<p><a href="https://www.investopedia.com/terms/r/rsi.asp" target="_blank">With the RSI</a> at 40, Dogecoin is in bearish territory and is starting to recover. This occurred because the price has formed lower lows and the RSI indicator has formed higher lows in this 4-hour chart.&nbsp;&nbsp;</p> 
<p>However, the RSI has bounced off the oversold region, which hints at the potential for upward momentum.</p> 
<figure class="wp-block-image aligncenter size-large">
 <img loading="lazy" decoding="async" width="1024" height="870" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-49-1024x870.png" alt="" class="wp-image-551079" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-49-1024x870.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-49-300x255.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-49-767x652.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-49-1536x1305.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-49-2048x1740.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-49-177x150.png 177w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-49-100x85.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-49-412x350.png 412w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-49-788x669.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-49.png 1264w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  <em><strong>Source: <a href="https://x.com/ali_charts/status/1830550708715712606" target="_blank" rel="nofollow">X/@ali_charts</a></strong></em>
 </figcaption>
</figure> 
<p>Ali Charts spoke on the TD sequential; this appeared because of a series of nine consecutive candles closing lower. The indicator flashed an S13, hinting at a buy signal.&nbsp;</p> 
<p>This, however, indicates that the current downward trend might be rounding off and could lead to an upward movement in the price of Doge.&nbsp;</p> 
<h1 class="wp-block-heading" id="support-and-resistance-levels">Support and Resistance Levels</h1> 
<p>A support level of $0.094 around the descending trendline was identified. Doge, however, recently tested this support level, and the strong green candlestick in the chart shows that the price has recently bounced off this support level.&nbsp;</p> 
<p>Furthermore, the resistance zone can be seen above the current price, near the $0.098 to $0.100</p> 
<p><em><strong>Read also: <a href="https://captainaltcoin.com/massive-accumulation-of-this-meme-coin-during-the-dip-hint-not-pepe/" target="_blank">Massive Accumulation of This Meme Coin During the Dip – Hint: Not PEPE</a></strong></em></p> 
<h1 class="wp-block-heading" id="where-is-the-doge-price-headed-next">Where Is The DOGE Price Headed Next?</h1> 
<p>Dogecoin could be eyeing a comeback because of the bullish RSI divergence and the TD sequential buy signal. Keeping an eye on the resistance level around $0.098 is important.&nbsp;</p> 
<p>A break above this level with increased volume could propel the price toward the psychological level of $0.1000 or higher. However, if the price breaks below the $0.0940 support level, it may retest the lower support and result in additional bearish pressure.</p> 
<p><em><strong>This article was written by CaptainAltcoin’s part-time writer&nbsp;<a href="https://www.linkedin.com/in/boluwatife-daniel-afe-584666254/" target="_blank" rel="noreferrer noopener nofollow">Bolu Dan</a>.</strong></em></p> 
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="nofollow">FREE Telegram group.</a></strong></em></p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank">Take 2 mins to learn more</a></strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/is-dogecoin-dead-this-sign-suggest-a-potential-doge-price-rebound-is-on-the-horizon/">Is Dogecoin Dead? This Sign Suggests a Potential DOGE Price Rebound Is On The Horizon</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Is Dogecoin Dead? This Sign Suggests a Potential DOGE Price Rebound Is On The Horizon

Table of Contents

CaptainAltcoin

Other articles published on Sep 3, 2024

Ripple Forms Strategic Alliances in Blockchain

Ripple’s Attorney Disputes the Term ‘Crypto Asset Security’

$VISTA Soars as frenulum.eth Scores 16x ROI in 2 Day

Arthur Hayes explains why Fed rate cuts aren’t helping Bitcoin

LBank Launches IKI (ikipay) Flexible Staking with 180% APY!

Bitcoin Miner’s Struggle Soars as BTC Hashrate Hits Record High

Join our free newsletter for daily crypto updates!