Crypto analyst Ali Martinez highlighted a bullish signal for Dogecoin (DOGE) on its monthly chart, pointing to the TD Sequential indicator as a key factor. This signal appeared around the time DOGE approached a key support level near $0.056.
Martinez explained that if Dogecoin manages to hold above this $0.056 mark, the price could bounce back initially to about $0.16. Looking further ahead, the analyst identified $0.45 as a longer-term target, corresponding to the upper boundary of DOGE’s rising channel.
Bitcoin's Critical Price Threshold
On the Bitcoin front, Martinez pointed to the $63,800 support level as a decisive area to watch. Holding this level might trigger a rebound toward $67,000. However, a drop below $63,800 could lead to increased selling pressure and push the price down to around $60,000.
As of this report, Bitcoin trades at approximately $64,065, while Dogecoin is priced near $0.06990.
