Widely followed crypto analyst Ali Martinez in an analysis supported by TD Sequential indicator dogecoin He predicted a potential uptrend for (DOGE). According to Martinez, the benchmark DOGE has issued a buy signal on the three-day chart, signaling potential upside movement.
Koinfinans.com As we reported, TD Sequential precisely determines when the trend will end and the price will reverse. In this case, a significant signal occurs when the indicator draws the number “9” on a candle, indicating that nine consecutive candles have closed higher than four periods ago. Martinez has a DOGE price The analysis shown in the chart shows positive momentum for the cryptocurrency, highlighting this important point. is showing.
The TD Sequential recently presented a buy signal on the #dogecoin 3-day chart. As long as the $0.074 support cluster continues to hold, $DOGE has a great chance of rebounding to $0.100 or higher! pic.twitter.com/J9fm65nHkf
— Ali (@ali_charts) January 14, 2024
NEWS CONTINUES BELOW
However, the importance of not relying solely on TD Sequential and combining it with other analysis such as candlestick patterns, price trends or built-in indicators should be emphasized.
Dogecoin Price Outlook
meme coin It was last traded above $0.1 at the end of the first 10 days of December. cryptocurrency The unit has experienced a significant rise since mid-October. Therefore, it rose from $0.057, temporarily erasing the zero in the price figure. However, a subsequent correction sent Dogecoin down to $0.081.
The question now is whether this prediction will come true, whether DOGE can maintain its support in the $0.074 cluster and potentially rise to $0.1 or higher, as Martinez suggested.