Dogecoin bounced from the 0.618 Fibonacci fan level on the monthly chart and posted a second monthly close above that support, according to analyst Surf on X. Separately, analyst Ali Charts identified a TD Sequential buy signal on the daily chart, with DOGE holding above $0.096 support. The technical setups emerge as Dogecoin tests key support structures, with analysts using Fibonacci fan analysis and TD Sequential indicators to assess potential price movement toward resistance levels including $0.110.
Dogecoin Posts Second Monthly Close Above 0.618 Fibonacci Fan
Dogecoin bounced from the 0.618 Fibonacci fan on the monthly chart, according to a setup shared by Surf on X. The analyst said DOGE posted a second monthly close above that level, keeping the long term support structure in focus.
The chart shows DOGE moving inside a long term Fibonacci fan structure drawn from the 2021 peak. Several fan lines acted as resistance and support during wider decline and recovery phases. DOGE recently tested the 0.618 Fib fan and bounced from that area.
The second monthly close above the line suggests buyers are defending this part of the structure. The same line now works as a higher timeframe support level. The next upside area sits around the nearby resistance zone above $0.10.
A clean break back below the 0.618 Fib fan would weaken the setup. In that case, DOGE could fall back toward lower support levels around the lower part of the monthly range. The chart shows Dogecoin holding a key long term support line.
TD Sequential Buy Signal Appears on Dogecoin Daily Chart
Dogecoin flashed a TD Sequential buy signal on the daily chart, according to a setup shared by Ali Charts on X. The analyst said DOGE is holding firm above $0.096 support, while $0.110 could become the next upside level if buyers follow through.
The chart shows DOGE moving lower through the second half of May before stabilizing near the $0.0964 support area. Price then started moving sideways near the $0.0999 zone. Ali Charts marked a TD Sequential buy signal with the number 9 above the latest candle. This signal often appears after a series of downside candles and can point to a possible short term reversal setup.
The first important level above price sits near $0.1011. DOGE needs to reclaim that area before a move toward higher resistance levels becomes stronger. Above that, the chart marks resistance near $0.1048, $0.1074, and $0.1100. Ali Charts pointed to $0.110 as the next potential target if the support zone continues to hold.
The setup depends on DOGE staying above $0.0964. A clean break below that support would weaken the buy signal and show that sellers still control the short term trend. Dogecoin is trying to build a rebound after holding its lower daily support.
FAQ
What technical signals did analysts identify for Dogecoin?
Analyst Surf on X identified that Dogecoin posted a second monthly close above the 0.618 Fibonacci fan level drawn from the 2021 peak. Analyst Ali Charts on X identified a TD Sequential buy signal on the daily chart, marked with the number 9 above the latest candle.
What support and resistance levels are analysts watching for DOGE?
Ali Charts said DOGE is holding above $0.096 support on the daily chart. The chart marks resistance levels near $0.1011, $0.1048, $0.1074, and $0.1100, with $0.110 pointed to as the next potential target if the support zone continues to hold.
