🚀 TD Sequential Signals Dogecoin Buy: Meme Coin Primed for 30% Surge to $0.21

Dogecoin's TD Sequential just flashed its most bullish signal since the 2021 frenzy—and this time Wall Street's 'serious investors' might actually pay attention (between martini lunches).

The setup: DOGE's weekly chart shows a completed TD9 buy sequence, historically preceding rallies averaging 32% in altcoins. The last time this triggered? April 2024, before a 28% pump.

Key levels: Bulls need to hold $0.16 support like Elon holds grudges. Break $0.175 resistance and the path clears to $0.21—a 30% moonshot from current levels.

Market context: While 'real' analysts dismiss memecoins, DOGE's $22B market cap still dwarfs 40% of S&P 500 components. Maybe money printers do go 'brrr' after all.

TD Sequential Flashes Buy Signal For Dogecoin

Dogecoin’s 3-day candlestick timeframe chart shows that the meme coin is currently trading just above an ascending trendline that dates back to late 2023, which has acted as a key support level across multiple correction cycles. Despite the recent volatility, the price structure appears to be ready for a possible bounce move from here due to the formation of less volatile candlesticks and higher lows just above the 0.5 Fibonacci retracement level around $0.165.

Taking to the social media platform X, crypto analyst Ali Martinez revealed an interesting bullish signal taking place on the same 3-day candlestick timeframe. According to Martinez, Dogecoin has just triggered a buy signal on the 3-day TD Sequential indicator. This tool, which identifies trend exhaustion and possible reversals, has been quite useful in predicting buy and sell zones this cycle. 

However, the bullish outlook depends on dogecoin reclaiming the $0.17 price level, which is now working as some sort of resistance. Martinez noted that a breakout above this price level could allow Dogecoin to rebound to $0.21. Notably, this $0.21 price target coincides with the 0.618 Fibonacci extension from Dogecoin’s October 2023 low.

Image From X: @ali_charts

Path To $0.21 Needs Enough Volume

For Dogecoin to confirm a return to $0.21, market participation must return in a meaningful way. This is because Dogecoin’s trading volume has been notably low over the past few days. According to data from CoinMarketCap, Dogecoin’s 24-hour trading volume is currently at just $400 million, which is a 36.7% decrease from the previous day. This level of activity is significantly below Dogecoin’s usual trading volume during periods of upward momentum.

Such a slowdown in volume suggests that, despite the bullish technical signal from the TD Sequential indicator, the necessary follow-through from buyers is yet to be confirmed. 

At the time of writing, Dogecoin is trading at $0.1637, up by 1.7% in the past 24 hours. Until volume picks up, Dogecoin may continue to consolidate or even drift sideways, regardless of the bullish indicators. Unless there’s strong interest and stronger inflows, the breakout setup could fizzle out or result in another rejection at $0.17.

Featured image from Unsplash, chart from TradingView