2025 has been filled with several ups and downs for the Meme Coin market, with the launch of a political token by the US President being the peak moment so far. Large-cap meme tokens, including Dogecoin and Shiba Inu, saw liquidity decline after Trump took over the market last week.
According to data from Coingecko, the price of Dogecoin fell by more than 15% last week. However, the fortunes of the coin itself appear to be witnessing a massive turnaround, with the doges price expected to recover well over the coming days.
Is a rebound imminent for the price of showers?
Popular crypto analyst Ali Martinez Took on social media platform X to sound a buying alarm for Dogecoin in the short term. As it appears, MEME COIN price is expected to rebound after succumbing to intense bearish pressure last week.
This bullish analysis revolves around the Tom Demark “TD” sequential buy signal for the price of the mastiff Within one hour. The Tom Demark Sequential is a technical analysis indicator used to identify the exact time of trend exhaustion and price reversal for a particular cryptocurrency.
The Sequential TD indicator generally consists of two phases: Setup TD (the momentum phase) and Countdown TD (the trend exhaustion phase). The TD setup phase occurs after a price reversal and includes a number of 9 guns (of the same polarity). The TD countdown phase, on the other hand, consists of 13 candles and only occurs after the setup phase has been created.
In a downtrend, the reversal point occurs when the sequential TD traces the number “9” at the bottom of a candle (i.e. when 9 consecutive candles have closed lower than the candles of 4 periods more early). As Martinez points out, the TD Sequential Indicator has identified a potential bullish reversal for Dogecoin price.
Source: Ali_charts/X
With a rebound likely on the horizon, the meme coin would look to reclaim $0.4 as quickly as possible, after losing the psychological level over the past week at the time of writing, the price of Doge is around $0.349, reflecting an increase of 0.7% in the last 24 hours.
Dogecoin for the long term?
Although Dogecoin’s price may be set for more short-term gains, new market data indicates that the meme coin’s growth may be unsustainable over time. Martinez suggested This possibility in a separate article on X, saying that there might not be an altcoin season this cycle.
Source: Ali_charts/X
This prediction is based on the exponential increase in the number of altcoins, leading to market saturation. According to Martinez, a current landscape of 36.4 million altcoins – up from 3,000 coins in 2017-2018 – indicates a huge transfer to the market.
It is worth mentioning that the meme coin frenzy on the Solana network over the past year has had a huge impact on this figure. The massive rate at which new meme tokens are created on different Solana-based protocols, including 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