Crypto analyst Ali Martinez urged investors to pay attention to the price drop of Dogecoin and consider buying the token. The latest analysis indicates a significant decline in the meme coin segment.
Recommendations for Buying Dogecoin
Ali Martinez, known as ali_charts, analyzed the situation with Dogecoin and noted the price decrease. He pointed to the TD Sequential indicator, recommending to look for more buyers for the Dogecoin token.
> "Buy the Dogecoin [$DOGE] dip, says the TD Sequential indicator!" — said Ali.
Overall Price Drop in Meme Coins
In the last 24 hours, there has been a significant price decrease across meme coins, including Dogecoin, which fell by 9.99%, reaching $0.2618. Meanwhile, Dogecoin showed a 12.58% increase over the week. Other meme coins like BONK and PEPE also faced declines: BONK lost 9.80%, while PEPE dropped by 7.37%.
Current Support and Resistance Levels for Dogecoin
Ali Martinez previously noted a resistance level for Dogecoin at $0.355, while the current support level sits at $0.26028. The mark of $0.247659 also plays an important role. A further price decline for Dogecoin to $0.274473 is expected in the coming days.
The analysis of the current situation with Dogecoin points to potential investment opportunities despite recent price drops. Investors should consider support and resistance levels when making decisions.
