DOGE market signals strengthen, bullish indicators release positive expectations!
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Dogecoin (DOGE) has recently shown positive signals in technical analysis indicators TD Sequential and whale holdings data, which may be favorable for price trends.
TD Sequential shows reversal signals
Analyst Ali Martinez pointed out that Dogecoin has completed the TD Sequential setup phase in the 4-hour price chart. This indicator is often used to predict price reversals:
Setup phase: When nine green candles appear, it marks a potential price top or bottom.
Current signal: Dogecoin has completed nine green candles, indicating a possible upcoming price upward reversal.
Whale holdings significantly increased
On-chain data shows that whales (investors holding 10 million to 100 million DOGE) have added 90 million DOGE in the past two days, worth approximately 28.7 million USD. This indicates that major investors are optimistic about Dogecoin's current price level, which may drive subsequent price increases.
Current DOGE price
Currently, the price of Dogecoin is about 0.319 USD, with an increase of more than 10% in the past week. Market sentiment and the continued accumulation by whales may provide further support for the price.
Overall, the technical signals from TD Sequential and whale buying actions provide a strong bullish foundation for Dogecoin's future price trends.
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