Dogecoin Remains In The Green As This Historic Indicator Still Points To Gains

Dogecoin remains in bullish territory, with key technical indicators indicating further upside potential. Despite recent market fluctuations, the meme coin holds above crucial Ichimoku levels, suggesting that history may once again favor the bulls as momentum builds for another leg higher.Dogecoin Holds Firm Above Kumo and Kijun-SenTrader Tardigrade, in his latest Dogecoin Ichimoku Daily Analysis posted on X, presented a highly bullish view. According to his findings, the price of DOGE remains positioned above both the Kumo (Cloud) and the Kijun-sen (Base Line). This particular alignment is a key indicator in Ichimoku analysis, and with no bearish signals present, the asset’s overall status stays bullish.The analyst further highlighted that all five previously opened long trades are still delivering solid profits. These trades continue to ride the bullish wave, reflecting the strength of the ongoing trend. However, Trader Tardigrade notes that any future bearish signals would act as a clear trigger for exiting these trades.From a technical perspective, the update outlines two critical support levels to monitor. The primary support is identified at $0.24770, which corresponds with the Kijun-sen. A secondary but equally important support zone is found within the Kumo itself, ranging from $0.21517 to $0.22214. These levels are essential, as they represent key areas where buying interest is expected to step in and prevent a further price decline.What The Trend Analysis MeansIn the analysis, Trader Tardigrade emphasized that Dogecoin’s technical setup is firmly bullish according to Ichimoku indicators. The Kumo, or Cloud, currently displays a green coloration, reflecting a positive bias and indicating an environment where buyers are maintaining the upper hand.In the short-term outlook, DOGE is trading above the Kijun-sen, a key benchmark that often separates bullish from bearish pressure. Such alignment points to an uptrend in the near-term, suggesting that positive momentum remains despite recent pullbacks. Short-term traders may continue to benefit from this positioning as long as the price respects this line.Looking at the mid-term structure, the price is positioned above the Kumo, reinforcing the bullish case on broader timeframes. When a price is holding above the Cloud, it generally indicates that the market is in a confirmed bullish state.Finally, the long-term signal comes from the Chikou Span (Lagging Line), which currently sits above the price action. This suggests that historical momentum is still favoring buyers, completing the alignment across all Ichimoku signals. With an overall score of +4, Trader Tardigrade concluded that Dogecoin’s price is firmly in a strong upward trend, with no bearish signals visible at this stage.Weiter zum vollständigen Artikel bei NewsBTC Weiter zum vollständigen Artikel bei NewsBTC