Cryptocurrency enthusiasts are poised for potential gains as Dogecoin (DOGE), the popular meme-inspired token, flashes signs of an imminent price surge.
Prominent crypto analyst Ali Martinez has pointed to a critical विकास in Dogecoin’s trading patterns that investors should watch closely.
Dogecoin’s (DOGE) Next Big Price Jump
Martinez highlights that the Tom DeMark (TD) Sequential, a respected technical indicator among traders, has issued a buy signal on Dogecoin’s daily chart. This indicator, known for predicting trend reversals, suggests that DOGE’s current downtrend may be tapering off, setting the stage for a significant uptick in the days ahead.
This could indicate a rally that lasts anywhere from one to four days, according to Martinez.
![डॉगकॉइन (DOGE) की कीमत में भारी उछाल देखने को मिल सकता है](https://www.bee.com/wp-content/uploads/2024/04/frc-9f649371a88f5360dea5b245e13ce30b.jpg)
Currently, Dogecoin is trading at $0.159 per token, maintaining a stable trajectory over the past week. The week began with an increase of 1.14%, but a look into the weekly chart shows a more robust trend.
Indeed, Martinez notes that Dogecoin is mimicking the patterns seen in previous bull cycles. He indicates that a new parabolic bull run could be on the horizon.
“Dogecoin is showing its classic pattern once again! DOGE is currently consolidating after breaking out from a descending triangle. Based on past trends, we might just see DOGE rocket towards $1 in the coming weeks,” Martinez said.
और पढ़ें: डॉगकॉइन (DOGE) मूल्य भविष्यवाणी 2024/2025/2030
![डॉगकॉइन (DOGE) की कीमत में भारी उछाल देखने को मिल सकता है](https://www.bee.com/wp-content/uploads/2024/04/frc-01cc36a40276a9608ab9d3748b8ef593.jpg)
Investors and traders might find this an opportune moment to observe Dogecoin’s market behavior closely. Especially, if they are looking to capitalize on potential short and long-term gains.