Doge Coin Big Update

A closely followed crypto trader believes that Doge coin (DOGE) could be gearing up for a massive rally to the tune of over 530%.

Analyst Ali Martinez tells his 59,800 followers on the social media platform X that Doge coin has remained faithful to a pattern seen during the 2017 and 2021 bull cycles.

According to the trader, DOGE appears to be consolidating in preparation for a big rally en route to a fresh all-time high.

“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 toward $1 in the coming weeks!”

At time of writing, DOGE is trading for $0.158, suggesting an upside potential of 538% if the top meme coin hits the target.

Zooming in, Martinez says that the Tom DeMark (TD) Sequential Indicator just flashed a bullish signal on DOGE’s daily chart.

Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their previous nine or 13 bars or candles.

According to the analyst, the indicator suggests that DOGE may see rallies for one to four days.

#DogecoinDay #DogecoinPotential #DOGELeading #DogeDay #dogeverse