Given that the previous week brought profits to the cryptocurrency market, some digital assets showed promising signals that may indicate their future its movement. Recently, on the Dogecoin 3-day chart, TD Sequential gave a buy signal. The probability of a recovery to $0.1 or higher seems considerable; a lot will depend on the stable stability of the $0.074 support cluster, says cryptanalyst Ali Martinez.
The TD sequence is a reliable tool designed to accurately determine the moment of trend fatigue and the subsequent price reversal. As a tool, it eliminates the limitations observed in various technical analysis indicators that are profitable in trending markets and demonstrate suboptimal results in the market tile markets. To determine whether a potential DOGE surge is promising, you should use a variety of technical indicators. The Relative Strength Index (RSI) is designed to display current and past market strengths or weaknesses based on closing prices observed during the last trade. of this period. Despite the recovery in the Dogecoin price, the daily relative strength index (RSI) does not give any optimistic indications. A value above 50 and an upward trajectory indicate a bullish dominance, while values below 50 are bearish. At the time of publication, the daily RSI was 47.
The current price of DOGE is $0.0804, marking a daily decrease of -2.2%, increasing the weekly chart by 1.7%.
Currently, technical indicators are unfavorable for the DOGE price, leaning towards a “sell” signal at level 11, while the moving averages coincide with the “sell” recommendation at equal to 10. On the other hand, the oscillators maintain a neutral position, registering a value of 9.
