CandleFocus Dogecoin Flashes Bullish Signal on Daily Chart: Time for A Parabolic Run?
2024-12-24
Author: Content Editor
The article discusses how the leading meme coin, Dogecoin (DOGE), has recently flashed a buy signal on the daily chart, indicating a potential rebound for the asset. The TD Sequential indicator has signaled a buy, suggesting a price reversal is imminent. This comes after a previous analysis by a prominent crypto analyst, Ali Martinez, suggested that DOGE could be on the verge of a parabolic run, similar to its price action in 2017 and 2021. If DOGE replicates previous price patterns, it could potentially rally over 5,000% to reach $18. However, in the past week, Dogecoin has experienced a 20% decline in price, currently trading around $0.32065.
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