Dogecoin (DOGE) TD Sequential Points to Rebound

Prominent crypto analyst Ali Martinez has told investors to anticipate a rebound in DOGE's price after the meme coin's most recent 10% post-Christmas dip from highs of $0.34221 to lows of $0.30837.

Dogecoin (DOGE) price may be gearing up for a rebound following a buy signal from the TD Sequential indicator and massive accumulation by whale addresses.

After a 10% decline from highs of $0.34221 to lows of $0.30837, investors can expect a DOGE price rebound, prominent crypto analyst Ali Martinez noted.

The analyst shared this insight in an X post on Friday, highlighting that the TD Sequential on the meme coin’s 4-hour candle chart had flashed a buy signal.

The TD Sequential is an indicator that traders use to time price reversals. It works by measuring the previous candle closes.

The recent DOGE buy signal follows significant whale activity over the past 48 hours. On Friday, Martinez shared Santiment Feed data that showed this class of investors, holding between 10,000,000 DOGE and 100,000,000 DOGE, had accumulated over 90 million coins.

At current prices, this stash of coins is valued at over $28.6 million. The accumulation occurred amid the market correction, and this class of investors’ moves typically preempt a big market push.

Indeed, DOGE is already trading 3.1% above its Boxing Day lows at $0.31794 at the time of writing.

Despite the recent market uncertainty, analysts like Martinez maintain that the meme coin is bullish, with price targets far above its all-time high of $0.74.

Martinez has set an ambitious $18 price target for DOGE if it replicates its price action in previous bull cycles.