WikiBit 2025-11-24 04:13Early readings from widely used market tools—combined with Dogecoin’s multi-month correction—have prompted analysts to re-examine current conditions with
Early readings from widely used market tools—combined with Dogecoin‘s multi-month correction—have prompted analysts to re-examine current conditions with a more measured lens. While broader crypto sentiment remains cautious, the appearance of a TD Sequential “9” signal on DOGE’s 3-day chart has refocused attention on whether oversold conditions may be stabilizing. This analysis relies on publicly available price data, standard technical frameworks, and historical performance patterns to help readers assess the developing setup without implying certainty or predictive guarantees.
TD Sequential Flashes a New Buy Signal
According to traders familiar with the TD Sequential system—a tool designed by technical analyst Tom DeMark to identify trend exhaustion—a “9” signal on DOGE‘s 3-day chart often marks areas where a prevailing trend may be losing strength. On Dogecoin’s latest chart, this pattern appeared after an extended decline from the August high near $0.34 to low levels around $0.115, based on price data from major market aggregators such as CoinMarketCap and TradingView.
The TD Sequential has issued a fresh buy signal for Dogecoin, following a previous instance that preceded a 101.5% rebound. Source: @ali_charts via X
A similar TD9 signal occurred in September 2025, which was followed by a short-term recovery of roughly 101% toward $0.149. While useful for spotting areas of potential reversal, traders acknowledge that the TD Sequential system can produce false signals when market momentum is broadly negative. As one technical analyst noted in a public market forum, the indicator “is valuable for context but should not be used in isolation, especially during strong macro downtrends.”
With the Dogecoin price today fluctuating between $0.138 and $0.14, chart watchers are monitoring whether this latest reading will act as a stopping point for the current correction or simply highlight temporary exhaustion.
Market Conditions Show Bearish Pressure but Rising Oversold Signals
Despite the appearance of the TD9 pattern, Dogecoin continues to operate under a bearish market structure. As of November 23, 2025, DOGE trades around $0.14, according to CoinMarketCap—slightly higher on the day yet still more than 27% lower over the past month. This aligns with a broader pullback across cryptocurrencies, driven by cooling market sentiment and reduced speculative appetite.
The markets 70% decline signals a confirmed bear cycle, where any potential rebound should be seen as a corrective move unless key resistance levels are reclaimed with strong, sustained momentum. Source: MMBTtrader on TradingView
Technical indicators such as the Relative Strength Index (RSI), drawn from TradingViews standard metrics, are currently reading between 32 and 37 on higher timeframes. These levels suggest oversold conditions but do not guarantee immediate reversal. Data from LunarCrush and similar analytics platforms also show an uptick in social volume, a factor that has historically influenced short-term volatility in highly sentiment-driven assets like Dogecoin.
Market researchers emphasize that any movement toward the $0.18 resistance zone should initially be viewed within the context of a corrective bounce unless DOGE begins reclaiming major levels with meaningful volume and sustained follow-through.
Weekly Structure Points to Long-Term Consolidation
A widely circulated weekly Dogecoin chart indicates that DOGE is nearing the lower boundary of a long-standing consolidation band. Weekly RSI values around 37.66 suggest Dogecoin is approaching levels where previous accumulation phases have occurred. Similar structural patterns appeared in 2021 before significant rallies; however, those past moves were amplified by exceptional social enthusiasm and unusually strong market liquidity—conditions not currently present.
Dogecoin appears to be progressing through a confirmed ABC corrective pattern, with wave C still developing and an upside retracement expected once it completes within the projected timeframe. Source: behdark on TradingView
Independent market commentators note that while the chart setup resembles historical basing patterns, participation levels remain relatively low and the broader macro backdrop remains neutral. As one analyst summarized, the structure “may reflect early accumulation, but without robust participation, timing remains unclear.”
This mixed environment highlights both the potential and the limitations of current Dogecoin predictions, reminding readers that technical setups can evolve slowly during broader risk-off phases.
Dogecoins Market Overview and Key Technical Levels
Dogecoin remains one of the top cryptocurrencies by market capitalization, valued near $22 billion with more than 151 billion coins in circulation, according to CoinMarketCaps latest figures. While the asset trades far below its May 2021 all-time high of $0.74, it continues to maintain strong community visibility and recurring market interest.
Current metrics show:
Price action currently sits below the 50-day and 200-day simple moving averages, reinforcing the prevailing downward trend and signaling caution for short-term traders monitoring the Dogecoin price.
Wave Structure Suggests Ongoing Correction Before Reversal Attempts
Wave-based analysts who study market cycle structures—often using Elliott Wave principles—observe that Dogecoin remains within a broader corrective sequence. Based on these interpretations, an ABC corrective pattern appears to be unfolding, with wave C still progressing. The projected completion zone is marked between two timing intervals identified on the chart.
Dogecoin appears poised for a significant move as tightening technical structure and accumulating support hint at a potential breakout. Source: @iambusinessdad via X
Once wave C concludes, some technicians anticipate that retracement movements may form, though these would be considered corrective unless confirmed by stronger structural changes. Analysts caution that the accuracy of wave interpretations can vary significantly and depend heavily on assumptions about trend length, volume, and market psychology.
Moreover, DOGEs 70%+ decline from its highs aligns with conventional definitions of a bear-market cycle—further reinforcing the need for risk-aware interpretation of any temporary recoveries.
Broader Factors Influencing Dogecoins Price Outlook
Dogecoins performance continues to be shaped by several external and structural variables:
1. Social & Media Momentum
Data from platforms such as LunarCrush show that mentions, trending hashtags, and influencer posts can significantly impact short-term Dogecoin movements. High-profile figures—most notably Elon Musk—have historically triggered notable price reactions, though these effects tend to be short-lived and unpredictable.
2. Unlimited Supply Dynamics
Unlike Bitcoin, Dogecoin has no maximum supply cap. Around 5 billion new DOGE are minted each year, which can influence long-term valuation models and is often referenced in discussions around dogecoin price forecast outlooks.
3. ETF Speculation
Conversation regarding a possible Dogecoin-based ETF has circulated in community forums and social media threads. At this stage, no official filings or regulatory signals confirm such a development. Analysts stress that ETF rumors should be treated cautiously unless supported by verifiable announcements.
4. Real-World Utility
Dogecoin maintains cultural significance and sees occasional use for tipping and merchandise payments, but its utility remains limited compared to more infrastructure-focused cryptocurrencies. This is an ongoing consideration for those evaluating whether Dogecoin is worth it as a multi-year asset.
Dogecoin Price Prediction: Outlook Remains Mixed
Short-term models, based on current trends and support/resistance analysis, suggest that Dogecoin may continue to consolidate. Some chart-based forecasts point toward possible retests of the $0.133 area if selling pressure persists. Conversely, a sustained improvement in sentiment, combined with confirmation of the TD9 signal, could support attempts toward the $0.18 range.
Dogecoin was trading at around $0.14, up 0.10% in the last 24 hours. Source: Brave New Coin
Long-term projections—including Dogecoin price prediction 2025—vary widely due to shifting macro conditions, supply dynamics, and sentiment cycles. For common questions such as “will Dogecoin reach $1?” market researchers emphasize that such scenarios depend heavily on broader crypto-market phases and the return of high engagement, both of which are currently subdued.
Final Thoughts
Dogecoins latest TD9 reading adds an important technical note to the current market backdrop, but it does not, on its own, confirm a trend reversal. The asset remains in a broader corrective pattern, with oversold conditions and long-term consolidation structures forming but not yet signaling a clear shift. Across the market, traders and analysts continue to track chart developments, on-chain data, and sentiment measures for early signs of stability.
Disclaimer:
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