Dogecoin Faces Crucial Resistance Test at $0.0813 Before Targeting $0.177

Crypto analyst Ali believes Dogecoin (DOGE) is setting up for a major move, potentially to the upside. According to Ali's recent post, several indicators align in favor of this scenario, including a Tom DeMark Sequential buy signal on DOGE's monthly chart last month.

A key resistance level sits around $0.0813, where more than 30 billion DOGE were previously transacted. A sustained close above this level could signal further upside, with the next URPD resistance at $0.177.

Dogecoin's current setup closely resembles that of August 2022, when the coin formed an inverted hammer alongside a TD buy signal, which was followed by a doji candle and a subsequent 145% monthly rally.