2025 has been marked by various highs and lows for the meme coin sector, with the introduction of a political token by the President of the United States being the highlight thus far. Major meme tokens, such as Dogecoin and Shiba Inu, experienced a decline in liquidity after TRUMP dominated the market last week.
Data from CoinGecko reveals that the price of Dogecoin has decreased by over 15% during the past week. Nevertheless, the meme coin’s scenario seems to be on the verge of a significant shift, with forecasts suggesting that the DOGE price is likely to bounce back strongly in the upcoming days.
Is a Recovery Near for DOGE Price?
Renowned crypto analyst Ali Martinez utilized the platform X to issue a buy alert for Dogecoin in the near future. It seems that the price of the meme coin is poised for a rebound after facing severe bearish pressure in the preceding week.
This optimistic outlook is anchored in the Tom Demark “TD” Sequential buy signal for the Dogecoin price in the one-hour timeframe. The Tom Demark Sequential is a technical analysis tool designed to identify the precise moment of trend fatigue and price reversal for a specific cryptocurrency.
The TD Sequential indicator generally comprises two stages: the TD Setup (the momentum phase) and the TD Countdown (the trend fatigue phase). The TD Setup phase follows a price reversal and includes a count of 9 candles (of the same polarity). Conversely, the TD Countdown phase consists of 13 candles and occurs only after the Setup phase has been established.
In a downtrend, the reversal point is reached when the TD Sequential signifies the number ‘9’ at the bottom of a candle (i.e., when 9 consecutive candles have closed lower than the candles from 4 periods beforehand). As pointed out by Martinez, the TD Sequential indicator has noted a potential bullish reversal for the Dogecoin price.
Source: Ali_charts/X
With a recovery imminent, the meme coin is aiming to regain $0.4 as swiftly as possible, having lost this psychological threshold in the last week. At the moment of writing, the DOGE price hovers around $0.349, indicating a 0.7% increase in the preceding 24 hours.
Dogecoin in the Long Run?
While it seems Dogecoin is primed for additional gains in the near term, fresh market analysis hints that the growth of the meme coin may not be sustainable in the long term. Martinez proposed this likelihood in a separate post on X, suggesting there may not be an altcoin season this cycle.
Source: Ali_charts/X
This prediction arises from the exponential rise in the number of altcoins, resulting in a saturated market. According to Martinez, the current environment of 36.4 million altcoins — in contrast to 3,000 coins in 2017-2018 — signals a monumental shift in the market.
It’s important to note that the meme coin craze on the Solana network over the past year has significantly influenced this statistic. The rapid creation of new meme tokens across various Solana-based platforms, particularly Pump.fun, cannot be overstated.
The price of DOGE on the daily timeframe | Source: DOGEUSDT chart on TradingView
Featured image from iStock, chart from TradingView
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