Dogecoin (DOGE) Flashes Major Buy Singal: Analyst

Dogecoin Presents Key Buy Signal, Analyst Predicts Price Rebound

According to cryptocurrency analyst Ali, the TD (Tom Demark) Sequential indicator signals a buy opportunity on Dogecoin's three-day chart. This suggests the meme coin may experience a price rebound shortly.

The TD Sequential assesses asset trend reversals. It comprises two components: a setup (momentum) and a countdown (trend exhaustion). A trend reversal is indicated when the countdown reaches a specific level after a setup has been established.

At present, Dogecoin's price has remained stable over the past 24 hours.

Earlier this week, Dogecoin achieved a significant milestone by surpassing 90 million addresses. However, it currently lacks clear catalysts to drive price increases.

Despite criticism from Ripple CEO Brad Garlinghouse, Dogecoin remains among the top 10 cryptocurrencies by market capitalization, currently standing at $17.7 billion.