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Dogecoin (<a href="https://xpertsstudio.com/us-senate-to-vote-on-advancing-landmark-crypto-bill/” title=”US Senate to vote on advancing landmark crypto bill”>CRYPTO: DOGE) briefly jumped nearly 5% after a widely followed technical indicator flashed “buy,” but the meme coin has already surrendered the move as traders watch a longer-term support level near $0.082.
Crypto analyst Ali Martinez flagged a TD Sequential buy signal on Dogecoin’s four-hour chart Thursday. DOGE traded near $0.0839 when Martinez published the setup.
The signal initially worked.
Dogecoin reached roughly $0.0880 on Friday, marking a maximum gain of about 4.9% from the chart’s reference price.
However, DOGE closed Friday near $0.0843 and now traded around $0.083—roughly 1% below the signal level.
Martinez said Dogecoin’s previous three TD Sequential buy signals produced rebounds between 2.7% and 11.25%.
The latest move generated a tradable intraday bounce but buyers failed to hold the gains.
Dogecoin is now testing its 50-week moving average, which sits around the $0.082 area.
Dogecoin Tests Longer-Term Support
Trader Tardigrade on Monday pointed out that DOGE is bouncing from the moving average during previous tests.
That makes the level the next major test for bulls following the failed breakout.
Derivatives data shows leverage cooling as DOGE retraced its spike.
Open interest dropped from $1.39 billion to $1.22 billion over the past week
Long liquidations reached $1.04 million over the past 24 hours, compared with $387,880 in short liquidations, showing leveraged bulls took the bigger hit during the pullback.
What Traders Are Watching
- $0.082: The 50-week moving-average support zone
- $0.088: Friday’s rebound high and immediate resistance
- $0.090 to $0.092: The area that rejected DOGE before its latest correction
- Below $0.082: A breakdown would weaken the historical-bounce setup
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