Dogecoin sees a buy signal on the TD Sequential indicator amid a massive whale address accumulation trend.
Over the past two weeks, crypto asset prices have risen, including the leading dog-themed meme coin Dogecoin (DOGE)were largely muted broad macroeconomic uncertainty. Nevertheless, DOGE may now be showing signs of an impending recovery given the significant market activity from large investors, so-called whales.
Dogecoin (DOGE) TD sequential points to recovery
Noted crypto analyst Ali Martinez has advised investors to expect a recovery in DOGE price after the meme coin recently rose 10% from highs of $0.34221 to lows of $0.30837 after Christmas. Dollar has fallen.
This was announced by the analyst an X contribution on Friday, December 27, highlighting that the TD Sequential had given a buy signal on the meme coin’s 4-hour candlestick chart.
The TD Sequential is an indicator that traders use to time price reversals. It works by measuring the previous candlestick closes.
The latest DOGE buy signal follows significant whale activity over the past 48 hours. On Friday, Martinez shared Santiment feed Data shows that this class of investors, holding between 10,000,000 and 100,000,000 DOGE, accumulated over 90 million coins during the market correction, worth over $28.6 million at current prices.
Actions taken by this class of investors typically prevent a major market surge. Of course, at the time of writing, DOGE is already trading 3.1% above its Boxing Day low of $0.31794.
Analysts like Martinez have maintained…
