According to the technical indicator, A meme coin based on Solana Dogwifhat is getting ready to move up. Top analyst Ali Martinez recently shared a bullish outlook for Dogwifhat on social media platform X, where the TD Sequential indicator is pointing to a buy signal.

TD flashes sequentially, buy signal for $2.50

As Ali Martinez pointed out, TD Sequential has been excellent at predicting Dogwifhat price trends for some time. The TD Sequential indicator consists of two phases: a setup phase, which generates a number from 1 to 9 based on a specific price, and a countdown phase, which also counts down based on previous price action.

Martinez shared insights from the WIF/Tether US 4-hour candlestick chart, illustrating that the TD Sequential indicator has consistently provided true buy and sell signals for Dogwifhat since early October. In the current situation, the indicator is now pointing to a buy signal. For a buy setup on TD Sequential, the close of the current candle must be lower than the close of the previous four candles.

At the time of writing, Dogwifhat has experienced a correction of approximately 14% over the past three days, peaking at $2,958 on October 14. However, TD Sequential on the 4-hour candlestick chart currently indicates a continuation of the larger uptrend for the rest of the month.

What’s next for Dogwifhat price?

Dogwifhat’s popularity began in early 2024 when the meme community enthusiastically dubbed him the “Shiba Inu Killer.” Dogwifhat, which started the year trading around $0.15, came into the spotlight in March and April during the Solana-based meme coin craze in the first half of 2024.

This surge in interest caused Dogwifhat’s price to surge, culminating in an all-time high of $4.83. Following this all-time record, meme coin there was a significant correction and is currently characterized smaller rallies and fixes. However, it still remains the largest Solana-based meme coin, with a market capitalization of $2.56 billion.

Even with the recent price drop over the last three days, Dogwifhat has managed to maintain an impressive gain of around 68% over the last 30 days. Now that the TD Sequential Indicator is printing a buy signal, this price rally is expected to continue through the rest of what looks like a bullish October. At the time of writing, the price of the Solana-based meme coin is $2.57, with: bullish price target priced at $4 before the end of October.

Solana, on the other hand he couldn’t keep up with Dogwifhat profits over the last 30 days. At the time of writing, Solana is trading at $153, up 15% over the same 30-day period.

Featured image created with Dall.E, chart from Tradingview.com