Emily Walker
The meme coin market has experienced a rollercoaster ride in 2025, highlighted by the introduction of a political token launched by the U.S. President. The liquidity of major meme coins, such as Dogecoin and Shiba Inu, has diminished recently after Trump made waves in the market.
Recent CoinGecko statistics show that Dogecoin’s value has plummeted over 15% in the past week. Nevertheless, there are signs pointing towards a positive shift, with forecasts suggesting that DOGE is poised for a recovery in the upcoming days.
Will DOGE Price Bounce Back Soon?
Renowned crypto analyst Ali Martinez recently raised a buy signal for Dogecoin on social media platform X. It appears that the meme coin is positioned for a rebound after facing significant downward pressure in the last week.
This optimistic viewpoint is supported by the Tom Demark “TD” Sequential buy signal observed in the one-hour timeframe for Dogecoin. The TD Sequential is a technical analysis tool that helps in identifying potential trend reversals and price exhaustion for cryptocurrencies.
Typically, the TD Sequential includes two main stages: the TD Setup, indicating momentum, and the TD Countdown, marking trend fatigue. The TD Setup follows a price reversal and consists of a sequence of 9 candles of similar type. Conversely, the TD Countdown consists of 13 candles and occurs only after the Setup phase is established.
In a declining trend, the reversal happens when the TD Sequential indicates the number ‘9’ at the base of a candle, reflecting 9 consecutive lower closes compared to earlier periods. Martinez has highlighted that this indicator has signaled a possible bullish reversal for Dogecoin.
With a rebound anticipated, Dogecoin aims to regain the $0.4 mark quickly, having lost this crucial psychological threshold recently. Currently, DOGE is trading around $0.349, reflecting a slight uptick of 0.7% within the last 24 hours.
What About Dogecoin’s Future?
Although Dogecoin seems to be on track for short-term gains, recent market insights suggest that its growth may not be sustainable in the long run. Martinez pointed out this concern in another post, indicating the possibility of no altcoin season occurring this cycle.
This prediction is rooted in the overwhelming rise of altcoins, which has led to market saturation. Martinez mentioned that there are now approximately 36.4 million altcoins in circulation, a staggering increase compared to about 3,000 coins in the 2017-2018 period, reflecting a significant market transformation.
It’s important to note that the recent surge of meme coins on the Solana network has played a substantial role in this increase. The rapid creation of new meme tokens on various Solana-based platforms, especially Pump.fun, has dramatically influenced this statistic.