Dogecoin (DOGE) Eyes Crazy Price Pump If This Pattern Plays Out

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Doge fans should keep a close eye on Dogecoin (DOGE) as per analyst Ali Martinez’s latest announcement. According to his assessment, based on the TD Sequential indicator – a widely recognized technical tool – Dogecoin has triggered a buy signal on its daily price chart.

Based on this signal, we can expect an uptrend in the popular meme-inspired cryptocurrency that may last between one to four days, bringing potential excitement and potential gains.

For those not acquainted, the TD Sequential indicator determines likely exhaustion points in market trends. When this tool gives a buy signal, as it does presently for DOGE, it suggests that the ongoing downtrend could be approaching its finish, possibly leading to a significant price increase.

The TD Sequential indicator on Dogecoin’s daily chart has signaled a purchase opportunity, suggesting a possible price increase lasting between one and four days for DOGE.— Ali (@ali_charts) April 20, 2024

Dogecoin (DOGE) price outlook

Currently, Dogecoin is priced at around $0.163 per DOGE. Its price has shown consistent growth throughout the week, with an initial increase of 0.67%. However, upon closer inspection of the weekly chart, it becomes clear that Dogecoin has experienced a more substantial rise of approximately 16% from its lowest point at $0.139.

In the last day, Dogecoin has shown significant growth, increasing by more than 5.6%, and surpassing several competitors to rank among the top 10 cryptocurrencies based on market value.

Martinez holds back from providing specific estimates on Dogecoin’s price. If the TD Sequential indicator’s prediction turns out to be correct, though, it might signal that the current peak of approximately $0.2 is not the final stop for DOGE‘s price trend.

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2024-04-21 12:43