According to U.Today, Dogecoin (DOGE) could be on the brink of a significant upswing, according to crypto analyst Ali Martinez. The TD Sequential, a well-known technical indicator, has reportedly shown a buy signal on Dogecoin's daily chart. This signal could indicate an upswing lasting from one to four days, suggesting a potentially exciting period for the meme-inspired cryptocurrency.
The TD Sequential operates by identifying potential exhaustion points in a market trend. When it flashes a buy signal, as it has for DOGE, it suggests that the current downward trend could be nearing its end, potentially leading to a surge in prices.
Currently, Dogecoin is trading at $0.163 per DOGE, showing relatively steady performance over the week. Despite starting with a modest gain of 0.67%, a closer look at the weekly chart reveals a more significant uptrend, with DOGE climbing by 16% from its weekly low of $0.139. Notably, in the past 24 hours, Dogecoin has shown strong momentum, surging by over 5.6% and outperforming many of its counterparts to claim a leading position among the top 10 cryptocurrencies by market capitalization.
Martinez has not provided specific price predictions for Dogecoin. However, if the TD Sequential's signal is accurate, it could suggest that the recent local high of around $0.2 may not be the final destination for DOGE's price journey.
