Could a Bullish Signal Finally Have Emerged for Dogecoin (DOGE)?

Crypto analyst Ali Martinez shared critical price levels regarding the technical outlook of Dogecoin ($DOGE) and Bitcoin ($BTC).

Martinez noted that the TD Sequential indicator gave a bullish signal on Dogecoin’s monthly chart. According to the analyst, this signal emerged around the time the $DOGE price approached the key support level of approximately $0.056.

Martinez stated that if Dogecoin holds the $0.056 support level, the price could initially recover towards $0.16, while indicating $0.45, located at the upper limit of the rising channel, as a broader-term target.

On the Bitcoin side, the analyst argued that the $63,800 level should be closely watched, and if this area holds as support, $BTC could experience a rebound towards $67,000.

Conversely, Martinez noted that if Bitcoin loses the $63,800 support level, selling pressure could intensify, with the next downside target being around $60,000.

At the time of writing, the $BTC price is trading at $64,065, while the $DOGE price is at $0.06990.

*This is not investment advice.