Dogecoin’s 3-day chart is showing a sell signal based on the Tom Demark (TD) Sequential indicator, which suggests the price might soon start to fall.
TD Sequential Has Formed A Sell Setup For Dogecoin
According to analyst Ali Martinez in a recent post on X, Dogecoin’s price may be about to change direction. He points to a signal from the TD Sequential, a technical analysis indicator used to predict potential price reversals. This indicator works in two stages to identify these turning points.
The first step involves counting up to nine candles of the same color – they don’t have to be right next to each other. Once these candles appear, the indicator flags a potential trend change. If the price has been generally rising, the indicator suggests it’s time to sell. However, if nine red candles are counted, it indicates the price might soon start to rise.
Once the initial setup is complete, the countdown phase begins. This phase functions similarly to the setup, but involves thirteen candles instead. After these thirteen candles have completed, the asset may be signaling a potential reversal in trend.
Dogecoin has recently entered the first phase of a TD Sequential indicator pattern. Analyst Martinez shared a 3-day chart illustrating this signal.
In my analysis, Dogecoin appears to have finished a TD Sequential pattern right as its price started to recover in mid-April. Interestingly, this pattern formed with nine consecutive green candles, which often suggests a potential downturn. This could mean we might see a price correction for DOGE soon. Of course, it’s still too early to say for sure if this TD Sequential signal will actually play out for the memecoin, and we’ll need to monitor its performance closely.
Dogecoin isn’t alone – Solana has also recently shown a specific pattern called a TD Sequential signal, according to an analyst’s post on X.
The technical indicators also suggest it’s a good time to sell Solana (SOL), but the signal appeared on a shorter timeframe – just one day – compared to Dogecoin. This selling signal is happening because Solana’s price has recently recovered in May.
Solana’s price has dropped over 6% since the recent signal, which could indicate a downward trend is beginning.
DOGE Price
Dogecoin’s price has stabilized recently, remaining around $0.11.
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2026-05-14 06:58