Analyst Maps Out 3 Reasons to Be Bullish on Dogecoin (DOGE): But Should You Really Be?

Is the OG meme coin about to stage a major comeback? We’re far from the meme-coin hype that rattled crypto markets, where new tokens were popping up left and right to fight for the public’s attention and, more importantly, the capital ready to deploy. Although the oldest and largest of the bunch was always an exception and has remained a top 20 digital asset for years, its most bullish and attention-grabbing days are behind it. Or are they? 3 Reasons to Be Bullish Ali Martinez recently outlined the thesis for why investors should take another look at DOGE, starting with the TD Sequential that flashed a major buy signal on the daily chart at prices around $0.081. The asset has since slipped below that level, currently trading beneath $0.08 even after recovering from last night’s flash crash. Nevertheless, Martinez remains confident the key technical indicator can once again prove right on DOGE, saying: “The indicator has marked potential turning points before for Dogecoin. This signal is especially interesting because of where it appeared.” He also pointed out the same $0.081 as a critical support, with URPD data showing roughly 36 billion coins traded around it. Although he admitte...