In a recent analysis, prominent crypto analyst Ali Martinez suggested a possible bullish trend for Dogecoin (DOGE), supported by the TD Sequential indicator. According to Martinez, the indicator has shown a buy signal on DOGE’s three-day chart, indicating a possible bullish move.
In a recent analysis, prominent crypto analyst Ali Martinez suggested a possible bullish trend for Dogecoin (DOGE), supported by the TD Sequential indicator. According to Martinez, the indicator has shown a buy signal on DOGE’s three-day chart, indicating a possible bullish move.
TD Sequential, a tool designed by Tom Demark, identifies the precise moment of trend exhaustion and price reversal. In this case, a significant signal occurs when the indicator plots the number “9” above a candle, indicating that nine consecutive candles close higher than the previous four periods. Martinez’s analysis, illustrated on a DOGE price chart, highlights this crucial point and suggests positive momentum for the meme-inspired cryptocurrency.
However, it is worth highlighting the importance of not relying solely on TD Sequential and combining it with other analysis, such as candlestick patterns, price trends or established indicators.
Dogecoin Price Outlook
The last time DOGE traded above $0.1 was at the end of the first 10 days of December. The cryptocurrency saw a notable surge starting in mid-October, rising from $0.057 to temporarily erase the zero in its price figure. However, a subsequent correction saw Dogecoin fall to $0.081.
The question that remains now is whether Martínez’s prediction, based on the TD Sequential indicator, will materialize. The market is waiting to see if DOGE can hold its support in the $0.074 group, as Martinez suggests, and potentially recover to $0.1 or higher.
