- Ali revealed in an X post that DOGE may be attempting to establish an uptrend.
- According to the post, the TD Sequential for DOGE presented a buy signal on the weekly chart.
- The analyst predicted that DOGE could rise to $0.07 if it achieves a sustained close above $0.062.
The cryptocurrency trader and analyst Ali revealed in an X post yesterday that Dogecoin (DOGE) may be in the process of establishing a new uptrend. According to the post, the TD Sequential indicator presented a buy signal for the meme coin on the weekly chart.
#Dogecoin appears ready to start a new uptrend!The TD Sequential presented a buy signal on $DOGE weekly chart. A sustained close above $0.062 could result in an upswing to $0.070. pic.twitter.com/XAGjXHMiOe
— Ali (@ali_charts) October 21, 2023
The analyst did note that a confirmation of this bullish thesis could be when the meme coin’s price achieves a sustained close above $0.062. Should DOGE’s price maintain a position above this price point, then Ali anticipates that DOGE could enter into an upswing to $0.070.
Weekly chart for DOGE/USDT (Source: TradingView)
Meanwhile, the cryptocurrency market tracking website CoinMark…
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