Top crypto analyst Ali (@ali_charts) has spotted familiar pattern formations in Dogecoin’s (DOGE) price action, suggesting a temporary correction before continuing its upward trajectory. Through technical analysis shared on social media, Ali points to historical TD Sequential indicators from 2017 and 2020 that mirror current market conditions.
Historical Pattern Recognition Shows Consistent TD Signals
The weekly timeframe analysis reveals three distinct periods where TD Sequential indicators preceded brief corrections in DOGE’s price.
During the 2017 bull run, DOGE surged over 9,363% before the TD Sequential displayed a 9 signal, marking a temporary pause in the uptrend. The same pattern emerged in 2020, where the indicator accurately predicted a short-term pullback.
#Dogecoin $DOGE is going to test your patience in this parabolic run! Just like in 2017 & 2020, we got a sell signal from TD, anticipating a brief correction before the bull rally continued.You can trade it or hold it at @coinexcom using my referral link https://t.co/73n8mWavUX pic.twitter.com/2O9EUyoWTt
— Ali (@ali_charts) November 29, 2024
The market entered a consolidation phase around 2018 and 2019, establishing support near the $0.02 level. TD Sequential 13 signals during this period marked the end of bearish momentum and preceded a period of accumulation.
Current Market Structure Mirrors Previous Rallies
DOGE’s present price action exhibits similar characteristics to its historical patterns.
The crypto faces resistance in the $0.73-$0.75 range, coinciding with a TD Sequential 9 signal. This technical formation suggests buying pressure may need to reset through a brief correction.
Support levels have formed between $0.35 and $0.40, providing potential landing zones for any short-term retracement. These price levels align with previous market structure and could serve as springboards for continued upward movement.
Read also: Why Is Algorand (ALGO) Price Up?
Trading Volume and Market Sentiment
The 2020 to 2021 bull run saw DOGE climb from $0.002 to $0.73, demonstrating the market’s capacity for explosive moves. Current trading patterns show strong buying pressure, though the TD Sequential warns of temporary exhaustion.
Market participants have maintained support levels through each correction phase, leading to sustained upward momentum after brief consolidations.
The data indicates price movements remain within established technical parameters, with clear support and resistance zones guiding market structure. Trading volumes continue to support the overall trend, despite anticipated short-term fluctuations.
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