Dogecoin price shows early bullish signs after a TD buy signal and defense of $0.24 support; a breakout above $0.29 could push DOGE toward $0.50, while failure risks a retest near $0.21.
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TD buy signal and $0.24 support defended
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DOGE formed an ascending triangle with resistance at $0.29; volume confirmation needed for a breakout.
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Stock-to-Flow spiked to 246 and Binance funding rates stayed positive, suggesting tightened supply and bullish positioning.
Dogecoin price update: DOGE shows a TD buy signal and triangle breakout potential at $0.29 — monitor volume for confirmation. Read latest analysis.
What is driving the current Dogecoin price move?
Dogecoin price momentum has been driven by a TD buy signal on September 23 and successful defense of the $0.24 support level. These technical cues, paired with a Stock-to-Flow spike and positive funding rates, add conviction to a potential short-to-medium-term recovery.
Can the ascending triangle produce a sustained breakout?
DOGE consolidated inside an ascending triangle with resistance near $0.29. The pattern shows higher lows against static resistance, which typically favors a bullish breakout when confirmed by volume.
If DOGE closes above $0.29 with elevated volume, the next resistance cluster near $0.50 becomes a realistic target. Conversely, rejection at $0.29 increases the chance of a retest toward $0.21.
Source: TradingView
What does the Stock-to-Flow spike mean for DOGE?
The Stock-to-Flow ratio recently spiked to 246, signaling tighter effective supply. Historically, sharp S2F increases often precede stronger upward moves as scarcity perceptions grow.
That said, isolated metric spikes can be short-lived; traders should confirm persistence across on-chain flows and exchange reserves before assigning strong bullish conviction.
Source: Santiment
How do funding rates influence trader positioning?
Funding rates on Binance remained slightly positive at ~0.002%, indicating a net long bias among derivatives traders. Positive funding supports upside momentum but raises short-term liquidation risk if sentiment flips.
Monitor funding rates alongside open interest and exchange inflows to detect potential crowding that could magnify volatility.
Source: Santiment
Frequently Asked Questions
How reliable is a TD buy signal for DOGE?
TD buy signals often appear near short-term bottoms and can forecast reversals, but reliability improves when paired with volume confirmation and supportive on-chain metrics such as exchange outflows.
What if DOGE fails at $0.29?
Failure at $0.29 could trigger a retest of the rising trendline or the $0.21 support. Traders should watch for expanding selling volume and rising open interest on derivatives for signs of stronger downside.
Key Takeaways
- TD buy signal confirmed: A TD buy signal and defended $0.24 support give short-term bullish bias.
- Critical breakout level: $0.29 is the decisive resistance — volume confirmation needed for targets toward $0.50.
- Monitor risk: Positive funding rates and a Stock-to-Flow spike support momentum but increase crowding risk; use stops near $0.21.
Conclusion
Dogecoin now shows early strength with a TD buy signal, tightened Stock-to-Flow and positive funding rates, placing the ascending triangle and the $0.29 level at the center of the next move. Traders should watch volume, on-chain flows and funding rates for confirmation and manage risk with defined stops. Published by COINOTAG — updated 2025-09-23.
