2025 has been filled with many ups and downs in the Meme Coin market, with the launch of a political token by the President of the United States being the pinnacle moment yet. Large meme tokens, including Docoin and Shiba Inu, saw liquidity shrink after Trump took over the market last week.
According to data from Coingecko, the price of DogeCoin has fallen by more than 15% in the past week. However, Meme Coin fortune appears to be undergoing a major turnaround, as the Doge price is expected to recover well over the next few days.
Is recovery imminent for Doug Price?
Popular crypto analyzer Ali Martinez He took to social media platform X to design a short-term buy alert for DogeCoin. As it shows, the price of Meme Coin is set for a bounce after undergoing intense downward pressure in the past week.
This bullish analysis revolves around the Tom Demark “TD” sequential buy signal for DogeCoin price in the 1-hour time frame. Tom Demark Sequential is a technical analysis indicator used to determine the exact time of trend exhaustion and price reversal for certain cryptocurrencies.
The TD Sequential indicator usually consists of two phases: TD setup (momentum phase) and TD countdown (trend exhaustion phase). The TD setup phase occurs after a price reversal and involves a number of 9 trends (of the same polarity). On the other hand, the TD countdown phase includes 13 candles and occurs only after the setup phase is established.
In a downtrend, the reversal point comes when the TD sequence wears the number “9” at the bottom of the candle (i.e., when 9 consecutive candles have closed lower than the candles of the previous 4 periods). As Martinez explained, the TD Sequential indicator has identified a potential bullish reversal for the DogeCoin price.
Source: Ali_charts/X
With a recovery likely on the horizon, the meme coin will be looking to reclaim $0.4 as quickly as possible, having lost the psychological level in the past week. As of this writing, Doge’s price is around $0.349, reflecting a 0.7% increase in the past 24 hours.
DogeCoin in the long term?
Although DogeCoin price may be set for further gains in the short term, new market data suggests that MEME coin growth may be unsustainable over time. Martinez Suggested This possibility in a separate post on X, saying that there may 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, the current landscape of 36.4 million coins—compared to 3,000 coins in 2017-2018—indicates a massive shift in the market.
It should be noted that the meme coin craze on the Solana network over the past year has had a significant impact on this number. The tremendous rate at which new MEME tokens are being generated on various Solana-based protocols, most notably 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