2025 has been crammed with several ups and downs for the meme coin market, with the launch of a political token by the US President being the height moment thus far. Large-cap meme tokens, including Dogecoin and Shiba Inu, saw their liquidity shrink after TRUMP took over the market the past week.
In line with data from CoinGecko, the Dogecoin price has fallen by greater than 15% within the last week. Nonetheless, the meme coin’s fortune appears to be witnessing a large turnaround, with the DOGE price expected to recuperate nicely over the following few days.
Is A Rebound Imminent for DOGE Price?
Popular crypto analyst Ali Martinez took to the social media platform X to sound a buy alarm for Dogecoin within the short term. Because it appears, the meme coin’s price is ready to rebound after succumbing to intense bearish pressure up to now week.
This bullish evaluation revolves across the Tom Demark “TD” Sequential buy signal for the Dogecoin price within the one-hour timeframe. The Tom Demark Sequential is a technical evaluation indicator used to pinpoint the precise time of trend exhaustion and price reversal for a specific cryptocurrency.
The TD Sequential indicator normally consists of two phases: the TD Setup (the momentum phase) and the TD Countdown (the trend exhaustion phase). The TD Setup phase occurs after a price reversal and comprises a 9-candle count (of the identical polarity). The TD Countdown phase, however, comprises 13 candles and only occurs after the Setup phase has been established.
In a bearish trend, the purpose of reversal comes when the TD Sequential plots the number ‘9’ on the underside of a candle (I.e., when 9 consecutive candles closed lower than the candles of 4 periods earlier). As highlighted by Martinez, the TD Sequential indicator identified a possible bullish reversal for the Dogecoin price.
Source: Ali_charts/X
With a rebound likely on the horizon, the meme coin can be seeking to reclaim $0.4 as quickly as possible, having lost the psychological level up to now week As of this writing, the worth of DOGE stands around $0.349, reflecting a 0.7% increase up to now 24 hours.
Dogecoin In The Long Term?
While the Dogecoin price may be set for more gains within the short term, recent market data indicates that the expansion of the meme coin may be unsustainable over time. Martinez suggested this possibility in a separate post on X, saying that there may be no altcoin season this cycle.
Source: Ali_charts/X
This forecast is predicated on the exponential increase within the variety of altcoins, resulting in a saturation of the market. In line with Martinez, a current landscape of 36.4 million altcoins — in comparison with 3,000 coins in 2017-2018 — indicates a large shift out there.
It’s value mentioning that the meme coin frenzy on the Solana network over the past 12 months has had a big impact on this figure. The huge rate at which recent meme tokens are being created on different Solana-based protocols, most notably Pump.fun, can’t be overstated.
The value of DOGE on the every day timeframe | Source: DOGEUSDT chart on TradingView
Featured image from iStock, chart from TradingView