Dogecoin Faces Potential Correction, Could Dip To $0.085, Warns Crypto Analyst: 'TD Sequential Flagged A Sell Signal'
Portfolio Pulse from Mehab Qureshi
Crypto analyst Ali has indicated a potential correction for Dogecoin (DOGE), with the TD Sequential indicator showing a sell signal on its weekly chart. The analyst suggests that DOGE could drop to $0.085 or $0.078, but if it surpasses $0.11, the bearish outlook may be invalidated. Another analyst, Captain Faibik, has a bullish view, predicting a rise to $0.70. Currently, DOGE is trading at $0.096, down 0.51%.
December 12, 2023 | 12:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Dogecoin (DOGE) faces a potential short-term price correction according to analyst Ali, with a sell signal on the TD Sequential indicator. The price could drop to $0.085 or $0.078, but surpassing $0.11 may negate the bearish outlook.
The sell signal from the TD Sequential indicator suggests a higher likelihood of a price decline in the short term. However, the mixed analysis with another analyst's bullish prediction introduces some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100