thecryptobasic.com
Dogecoin sees a buy signal on the TD Sequential indicator amid a massive accumulation trend from whale addresses.
Over the past two weeks, the prices of crypto assets, including the leading doggy-themed meme coin Dogecoin ($DOGE), have been largely subdued amid broad macroeconomic uncertainty. Still, $DOGE may now be flashing signs of an imminent rebound amid significant market activity from large investors called whales.
Dogecoin ($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.
The analyst disclosed this in an X post on Friday, December 27, 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 trader 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 revealing that this class of investors holding between 10,000,000 $DOGE and 100,000,000 $DOGE had accumulated over 90 million coins worth over $28.6 million at current prices amid the market correction.
Moves by this class of investors typically preempt a big market push. To be sure, $DOGE is already trading 3.1% above its Boxing Day lows at $0.31794 at the time of writing.
Analysts like Martinez have maintained that the meme coin remains bullish despite recent market uncertainty, with price targets far above its all-time high of $0.74. Martinez, for one, has set an ambitious $18 price target for $DOGE if it replicates its price action in previous bull cycles.