Dogecoin, the leading meme token in the cryptocurrency market $0.316785 (DOGE) is giving signals of activity again. Popular analyst Ali Martinez announced that he expects a recovery in Dogecoin price soon. Martinez pointed out that the technical analysis tool Tom DeMark (TD) Sequential Indicator gave an important buy signal for DOGE.
Technical Analysis Gives Optimistic Signals in Dogecoin
In his post on the social media platform X, Ali Martinez stated that the TD Sequential Indicator offers a buy signal on the four-hour chart of Dogecoin. The analyst stated that this indicator often detects turning points in price trends in advance. “TD Sequential points to the direction that the Dogecoin price may recover,” said Martinez, adding that these data support the optimistic atmosphere in the market.
Additionally, the analyst pointed out that Dogecoin has recently attracted attention with significant whale movements. Martinez emphasized that large-scale Dogecoin investors have purchased more than 90 million DOGE in the last two days. It is stated that such purchases may be an indicator of market participants’ confidence in future price increases.
Concerns about the Fall in Bitcoin Continue
Despite the optimistic outlook on Dogecoin, Bitcoin (BTC) 
$94,486.3 Concerns about the price continue. Ali Martinez stated that traders should be careful if the Bitcoin price falls below the $92,730 level. Based on Glassnode data, the analyst stated that Bitcoin’s next support level is around $69,000. However, he warned that beyond these levels, a 20% to 30% decline in BTC could be the most optimistic scenario.
These analyzes reveal that the market is driven by technical indicators and major investor movements. Currently, Dogecoin is trading at $0.314 while Bitcoin is at $94,671. It is critical for investors to determine their strategy by paying attention to market conditions and analysts’ recommendations.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
