Dogecoin Rejected at $0.153, But TD Sequential Flashes a Major Buy Signal

Dogecoin just hit a wall. The memecoin's latest rally slammed into a hard ceiling at $0.153, triggering a sharp rejection. Yet, beneath the surface sell-off, a classic technical indicator is screaming a different story.

The TD Sequential Setup

While the price action looks bearish, the Tom Demark Sequential indicator has completed a bullish setup on the daily chart. For the uninitiated, this tool spots potential exhaustion points in a trend. A completed 'buy' countdown often precedes a significant reversal—not a guarantee, but a high-probability warning shot for shorts.

Market Mechanics at a Crossroads

The rejection at $0.153 confirms that level as a key supply zone. Bulls couldn't muster the volume to break through. Now, the battle lines are drawn. The TD signal suggests the selling pressure at this resistance may be nearing exhaustion. If buying volume steps in, it could spark a momentum shift, turning that resistance into a launchpad. If not, it's just another false hope in a market that loves to sell the dream and pocket the reality.

A Provocative Standoff

This is the crypto market in a nutshell: price says one thing, momentum whispers another. The rejection is a fact. The TD signal is a compelling argument. One reflects the immediate fear of traders; the other anticipates their next greedy move. Ignore either at your own peril. The only thing more volatile than the chart right now is the average investor's conviction.

Dogecoin faces rejection at the middle Bollinger Band, but the meme coin's TD Sequential signals a potential buying opportunity. Dogecoin (DOGE) has dropped by 0.6% in the past 24 hours, currently priced at $0.1496.

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