Update
DOGE Signals Potential Rebound
Dogecoin is at a crucial point after several weeks of selling pressure. A fresh TD Sequential buy signal has appeared on the daily chart, and market participants are watching closely to see whether buyers can step in before another wave of losses emerges. DOGE traded around $0.0807 on Oct. 17, with sellers pushing the price toward $0.0798 before buyers returned, resulting in a relatively flat day. The bigger concern comes from the broader trend, as Dogecoin recently broke below a rising trendline that had supported price action since August. This shift in attention has led to a focus on a key horizontal support level near $0.0792, which has attracted buyers several times before. Another successful defense of this level could encourage a move toward $0.085 and possibly $0.09, helping to restore confidence after the recent decline. A daily close below $0.0792 could expose DOGE to deeper losses, potentially targeting the $0.0680 area, which served as an important base during August. Technical indicators still favor caution, with the daily RSI at 35.80 and MACD remaining bearish.