Dogecoin Denies Predicted Correction, Printing 4 Big Green Candles

Dogecoin Defies Bearish Prediction, Trading Up Over 14%

Cryptocurrency analyst and trader Ali Martinez (@ali_charts) predicted a potential correction for Dogecoin (DOGE) on the heels of a sell signal from the TD Sequential index. However, DOGE has defied that prediction, surging over 14.3%.

The price of DOGE has rallied from $0.15041 to $0.17237 on the four-hour chart. Bitcoin (BTC) and Ethereum (ETH) have also seen price increases of 1.7% and 2.1%, respectively.

The surge in DOGE, BTC, and ETH prices is likely influenced by the ongoing US election. The outcome of the election could significantly impact cryptocurrency regulation and adoption in the United States.

Dogecoin's "Banana Zone" Prediction

Renowned investor Raoul Pal recently predicted that Dogecoin could enter the "Banana zone" soon, a period characterized by an unrestrained price surge. This would complete the bull pattern that began forming in 2021 after DOGE reached its all-time high of $0.75.

DOGE Founder "Approves" Merchandise Sales

Over the weekend, Dogecoin co-founder Billy Markus expressed support for the possibility of X selling its merchandise for DOGE. In response to a tweet from the X team hinting at DOGE-related merchandise, Markus replied with "ya."