Analyst Ali Martinez has identified three reasons to be bullish on Dogecoin: a TD Sequential buy signal on the daily chart around $0.081, a critical support level with roughly 36 billion DOGE traded at that price, and accumulation of 600 million DOGE since October 12. He targets a rebound to $0.16-$0.17 if the $0.081 support holds. However, the article tempered these bullish prospects, noting that the broader crypto market is far from its best days, that Dogecoin has fallen out of the top 10 digital assets by market cap, and that net inflows into spot DOGE ETFs remain essentially nonexistent.
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