2025 has been stuffed with a number of ups and downs for the meme coin market, with the launch of a political token by america President being the height second up to now. Giant-cap meme tokens, together with Dogecoin and Shiba Inu, noticed their liquidity shrink after TRUMP took over the market the previous week.
In line with information from CoinGecko, the Dogecoin worth has fallen by greater than 15% within the final week. Nevertheless, the meme coin’s fortune seems to be witnessing a large turnaround, with the DOGE worth anticipated to get better properly over the following few days.
Is A Rebound Imminent for DOGE Worth?
In style crypto analyst Ali Martinez took to the social media platform X to sound a purchase alarm for Dogecoin within the quick time period. Because it seems, the meme coin’s worth is about to rebound after succumbing to intense bearish stress up to now week.
This bullish evaluation revolves across the Tom Demark “TD” Sequential purchase sign for the Dogecoin worth within the one-hour timeframe. The Tom Demark Sequential is a technical evaluation indicator used to pinpoint the precise time of pattern exhaustion and worth reversal for a specific cryptocurrency.
The TD Sequential indicator normally consists of two phases: the TD Setup (the momentum part) and the TD Countdown (the pattern exhaustion part). The TD Setup part happens after a worth reversal and contains a 9-candle rely (of the identical polarity). The TD Countdown part, then again, contains 13 candles and solely happens after the Setup part has been established.
In a bearish pattern, the purpose of reversal comes when the TD Sequential plots the quantity ‘9’ on the underside of a candle (I.e., when 9 consecutive candles closed decrease than the candles of 4 durations earlier). As highlighted by Martinez, the TD Sequential indicator recognized a possible bullish reversal for the Dogecoin worth.
Supply: Ali_charts/X
With a rebound possible on the horizon, the meme coin can be seeking to reclaim $0.4 as shortly as potential, having misplaced the psychological stage up to now week As of this writing, the worth of DOGE stands round $0.349, reflecting a 0.7% improve up to now 24 hours.
Dogecoin In The Lengthy Time period?
Whereas the Dogecoin worth is likely to be set for extra beneficial properties within the quick time period, new market information signifies that the expansion of the meme coin is likely to be unsustainable over time. Martinez recommended this chance in a separate submit on X, saying that there is likely to be no altcoin season this cycle.
Supply: Ali_charts/X
This forecast relies on the exponential improve within the variety of altcoins, resulting in a saturation of the market. In line with Martinez, a present panorama of 36.4 million altcoins — in comparison with 3,000 cash in 2017-2018 — signifies a large shift out there.
It’s value mentioning that the meme coin frenzy on the Solana community over the previous 12 months has had a big impact on this determine. The huge charge at which new meme tokens are being created on totally different Solana-based protocols, most notably Pump.enjoyable, can’t be overstated.
The worth of DOGE on the day by day timeframe | Supply: DOGEUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
