Crypto analyst Ali Charts called Dogecoin 'screaming bullish' on Monday, citing TD Sequential buy signals appearing simultaneously on the monthly, weekly, three-day, and daily charts. The TD Sequential is a technical indicator that counts price bars to estimate when a trend is exhausted and may reverse; a buy signal suggests selling pressure is fading. Ali Charts noted the alignment across multiple timeframes is rare, with DOGE trading near $0.072 at the time of the call. The analyst identified $0.081 as the first major resistance level based on on-chain supply data.
TD Sequential Signals Align Across Multiple Timeframes
Ali Charts pointed to the TD Sequential flashing buy signals on the monthly, weekly, three-day, and daily charts at the same time. He wrote that it is rare to see this kind of alignment across so many timeframes at once, meaning the signal is showing up on both short-term and long-term charts together. The TD Sequential counts price bars to estimate when a trend is exhausted and may be about to reverse.
Ali Charts Identifies Key Price Levels for DOGE
With DOGE near $0.072, Ali Charts cited on-chain supply data that points to $0.081 as the first major resistance, a ceiling where selling often picks up. A breakout above it, he said, could open the way toward $0.177, the next supply zone where a cluster of holders bought in and may sell to break even. In a note two days earlier, he flagged support around $0.056 and a broader upside toward $0.16, with the top of his price channel near $0.45.
Dogecoin Origins and Supply Model
Dogecoin was launched on Dec. 6, 2013, by software engineers Billy Markus and Jackson Palmer, who created it as a parody of the rapid proliferation of cryptocurrencies at the time. Its name and mascot come from the 'Doge' meme, built around a 2010 photograph of a Shiba Inu named Kabosu. Markus wrote the software using Litecoin's codebase, by way of an intermediate project called Luckycoin, so Dogecoin runs on a proof-of-work system in the same family as Bitcoin. It differs from Bitcoin in a key way: it has no maximum supply. Miners receive 10,000 new DOGE roughly every minute, adding about 5 billion coins to circulation each year, which makes the token inflationary by design. The token reached a record high of $0.7376 on May 8, 2021, and remains one of the largest cryptocurrencies by market value.
FAQ
What did Ali Charts say about Dogecoin on Monday?
Ali Charts called Dogecoin 'screaming bullish' on Monday, pointing to TD Sequential buy signals flashing on the monthly, weekly, three-day, and daily charts simultaneously. He noted that this alignment across multiple timeframes is rare.
What are the key price levels Ali Charts identified for DOGE?
With DOGE near $0.072, Ali Charts cited $0.081 as the first major resistance based on on-chain supply data. He said a breakout above that level could open the way toward $0.177. In an earlier note, he flagged support around $0.056 and a broader upside toward $0.16, with the top of his price channel near $0.45.
