2025 has been stuffed with a number of ups and downs for the meme coin market, with the launch of a political token by the USA 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 keeping with knowledge 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 an enormous turnaround, with the DOGE worth anticipated to get better properly over the subsequent few days.
Is A Rebound Imminent for DOGE Value?
Widespread 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 ready to rebound after succumbing to intense bearish strain prior 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 development exhaustion and worth reversal for a selected cryptocurrency.
The TD Sequential indicator often consists of two phases: the TD Setup (the momentum section) and the TD Countdown (the development exhaustion section). The TD Setup section happens after a worth reversal and contains a 9-candle depend (of the identical polarity). The TD Countdown section, however, contains 13 candles and solely happens after the Setup section has been established.
In a bearish development, 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 could be seeking to reclaim $0.4 as rapidly as doable, having misplaced the psychological stage prior to now week As of this writing, the value of DOGE stands round $0.349, reflecting a 0.7% improve prior to now 24 hours.
Dogecoin In The Lengthy Time period?
Whereas the Dogecoin worth is perhaps set for extra good points within the quick time period, new market knowledge signifies that the expansion of the meme coin is perhaps unsustainable over time. Martinez recommended this chance in a separate put up on X, saying that there is perhaps no altcoin season this cycle.
Supply: Ali_charts/X
This forecast is predicated on the exponential improve within the variety of altcoins, resulting in a saturation of the market. In keeping with Martinez, a present panorama of 36.4 million altcoins — in comparison with 3,000 cash in 2017-2018 — signifies an enormous shift available in the market.
It’s value mentioning that the meme coin frenzy on the Solana community over the previous yr has had a big impact on this determine. The large charge at which new meme tokens are being created on completely different Solana-based protocols, most notably Pump.enjoyable, can’t be overstated.
The value of DOGE on the day by day timeframe | Supply: DOGEUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
