A fresh technical buy signal on Dogecoin’s daily chart has caught the attention of traders after the meme coin dropped to multi-year lows. Analyst Ali Martinez highlighted a TD Sequential buy signal on DOGE’s daily chart, with the invalidation level set at $0.073. The signal depends entirely on DOGE holding this key support. Martinez shared the setup on X, noting the pattern could suggest a potential bounce, but emphasized it is technical commentary and not a guarantee of a rally.
On the shorter time frame, Dogecoin is trading near $0.0757 while another analyst, Carlos Garcia Tapia, pointed to a possible short-term move higher. DOGE is holding above the January 2024 wick level near $0.07408 and moving along a short-term rising trendline. The first resistance to watch sits at $0.0759, and a clean break above that could open the way toward $0.0783–$0.0784. Further upside targets include $0.0803–$0.0804, then $0.0850 and $0.0876. However, if DOGE loses the rising trendline or falls below $0.07408, the bullish case would weaken.
Separately, data from perpetuals markets show a large build-up in long positions while price has remained flat. Open interest rose sharply as DOGE stabilized in the $0.073–$0.076 range. Analyst CW noted that this kind of setup often signals indecision. Crowded longs could fuel a quick bounce if buyers push above $0.076 resistance, but a break below $0.072 would put those positions at risk of a shakeout. For now, Dogecoin remains in a tight range without a confirmed direction.
