2025 has been crammed with a number of ups and downs for the meme coin market, with the launch of a political token by the US President being the height second to date. Massive-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 information from CoinGecko, the Dogecoin value 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 value anticipated to recuperate properly over the following few days.
Is A Rebound Imminent for DOGE Worth?
Common 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 value is about to rebound after succumbing to intense bearish stress previously week.
This bullish evaluation revolves across the Tom Demark “TD” Sequential purchase sign for the Dogecoin value within the one-hour timeframe. The Tom Demark Sequential is a technical evaluation indicator used to pinpoint the precise time of development exhaustion and value reversal for a specific 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 value reversal and contains a 9-candle depend (of the identical polarity). The TD Countdown section, alternatively, 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 value.
Supply: Ali_charts/X
With a rebound seemingly on the horizon, the meme coin can be trying to reclaim $0.4 as shortly as attainable, having misplaced the psychological stage previously week As of this writing, the value of DOGE stands round $0.349, reflecting a 0.7% improve previously 24 hours.
Dogecoin In The Lengthy Time period?
Whereas the Dogecoin value 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 instructed this risk in a separate publish 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 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 12 months has had a big impact on this determine. The huge price 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 every day timeframe | Supply: DOGEUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
