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Dogecoin Signal That Nailed The Top Says It’s Time To Buy
An analyst has identified a TD Sequential buy signal for Dogecoin on its hourly chart. This technical indicator suggests potential price reversals based on candle patterns. A previous TD Sequential setup with nine green candles correctly predicted a local price top and subsequent pullback for Dogecoin. Following this pullback, another TD Sequential setup has now formed with nine red candles. This new signal implies a potential short-term bullish rebound for the cryptocurrency. However, it remains to be seen if this indicator will accurately predict the price movement. Separately, on-chain data indicates that Dogecoin whales are currently inactive. The holdings of wallets containing 10 million to 100 million DOGE have shown sideways movement. This suggests that large investors are neither accumulating nor distributing significant amounts of the cryptocurrency. At present, Dogecoin is trading around $0.215, experiencing a slight decline over the past week. The reliability of the new TD Sequential signal will be crucial for observing future price action.
