Rising whale interest in Dogecoin and positive technical indicators could indicate a price recovery.
Cryptocurrency analyst Ali Martinez shared two positive signals for Dogecoin, which he said could rise to $20. In the first of his posts on X, he stated that whales bought 90 million DOGE in the last 48 hours.
Martinez pointed out that increasing whale interest was one of the first leading signals for an increase in price. In his next post, Martinez emphasized that the technical indicator called TD Sequential gave a buy signal on the 4-hour chart and made a clear call to investors:
TD Sequential is showing a buy signal for Dogecoin on the 4-hour chart and predicts that the price will rally!
In another post he made recently, Martinez stated that Dogecoin could follow the market cycles it experienced in 2017 and 2021, and the price could rise by 12,000 percent and climb to the $20 band.
According to CoinGecko data, DOGE, which has increased by 1% in the last 24 hours, is traded at $0.3197 at the time of writing.
Stay tuned.