Will Dogecoin’s Price Rally Soon?
It seems that there could be some positive news on the horizon for Dogecoin holders as the meme coin has shown promising signs in recent weeks. The price of DOGE has experienced a double-digit increase in the last seven days, catching the attention of experts who believe that this upward trend may continue.
Analyst’s Bullish Prediction for Dogecoin
Prominent crypto analyst Ali Martinez has shared an intriguing analysis on X, stating that there could be a potential rally in store for Dogecoin. According to Martinez, the TD Sequential indicator has recently signaled a buy on DOGE’s daily chart, indicating a possible price surge in the next few days.
- The TD Sequential indicator helps identify points of trend reversal
- It consists of two phases: the “setup” and the “countdown”
- The completion of the “setup” phase may hint at a price reversal
Implications of the TD Sequential Indicator
By completing the nine-candle setup phase, Dogecoin might be gearing up for a turnaround. If the upcoming rally sees four consecutive bullish candles, there is a chance that the price could reach $0.2. However, investors need to watch out for the formation of the “countdown” phase as it could signal an even more significant price reversal.
Current Situation of DOGE Price
Presently, Dogecoin is trading at approximately $0.1618, marking a notable 4.7% gain in the last 24 hours.
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