Bullish Alert For Dogecoin: TD Indicator Flashes Buy Signal As $0.10 Target Looms

Quick Summary:

Conversely, for the past almost four weeks, the Dogecoin price has found a significant support floor at $0.094, which prevented the token from crashing towards $0.080 again last week, as it did during the broader market crash on August 5.  What is certain is that despite these signals, bullish momentum is much needed for the coin to push higher resistance and consolidate above its previous support levels to continue on its path to retest the yearly highs.

As outlined by the analyst, these indicators suggest that the Dogecoin price could potentially surge above its current trading levels, with the $0.10 mark being a critical milestone not seen since August 24.  Achieving this level would signify a successful recovery of the token’s 50-day exponential moving average (EMA), which coincides with the $0.10 price point.

Related Reading: Toncoin (TON) Price Action Signals 30% Crash After Losing A Key Level In the short term, Dogecoin has been underperforming compared to the overall crypto market, which has seen a 6.90% drop over the past week.

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Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: United Kingdom

Topics: Dogecoin price DOGE price analysis Crypto news Dogecoin analysis Crypto Dogecoin (DOGE) Dogecoin news Dogecoin DOGE price forecast Doge price

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 09:00:19 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 448 words

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