TD Sequential Flashes Buy Signal At $2.5

As Ali Martinez noted, the TD Sequential has been highly spot on with predicting trends in the price of Dogwifhat for a while now. The TD Sequential indicator consists of two phases: a setup phase, which generates a count 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 price chart, illustrating that the TD Sequential indicator has consistently delivered accurate buy and sell signals for Dogwifhat since the beginning of October. As it stands, the indicator is now pointing toward a buy signal. For a buy setup on the TD Sequential, the current candle’s close 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, having peaked at $2.958 on October 14. However, the TD Sequential on the 4-hour candlestick chart is now pointing towards the continuation of a larger upward trend for the rest of the month.

What’s Next For The Dogwifhat Price?

Dogwifhat’s popularity kicked off in early 2024 when the meme coin community enthusiastically dubbed it the “Shiba Inu Killer.�Dogwifhat, which started the year around $0.15, was shot into the spotlight in March and April during a frenzy surrounding Solana-based meme coins in the first half of 2024. 

This surge in interest caused Dogwifhat to go on a price rally, culminating in an all-time high of $4.83. Following this all-time high, the meme coin experienced a substantial correction and is now characterized by smaller rallies and corrections. However, it still remains the largest Solana-based meme coin with a market cap of $2.56 billion.

Even with the recent price decline over the past three days, Dogwifhat has managed to maintain impressive gains of around 68% over the past 30 days. Now that the TD Sequential indicator is printing a buy signal, this price increase is expected to continue for the rest of what looks like a bullish October. At the time of writing, the Solana-based meme coin is trading at $2.57, with a bullish price target of $4 before October comes to a close.

Solana, on the other hand, hasn’t been able to keep up with Dogwifhat gains in the past 30 days. At the time of writing, Solana is trading at $153, up by 15% in the same 30-day timeframe.

As the broader crypto market navigates a period of volatility and uncertainty, traders eagerly search for confirmation of a potential rally. WIF, which has gained significant traction in recent months, is now at a crucial point where the next move could define its short-term future.

Prominent analyst and investor Ali Martinez has shared insightful data suggesting a bullish outlook for DogWifHat. Metrics point toward a rise in price action, which could lead to a breakout, with WIF potentially surging to the $4 mark if momentum continues to build. 

However, the coming days will be key in determining whether a bull trend can be confirmed as market participants await signs of sustained upward movement. All eyes are on WIF to see if it can capitalize on this moment and rally to new heights.

DogWifHat Turning Point 

DogWifHat (WIF) is at a critical turning point, with its price hovering just above the $2.5 mark, a crucial psychological level for confirming an ongoing uptrend. Investors and traders are closely watching this level, as its ability to hold will determine whether WIF pushes to new highs or retraces to lower demand zones.

Top analyst Ali Martinez recently shared a technical analysis on X, revealing that a buy signal has appeared for WIF on a key indicator, the TD Sequential. 

The TD Sequential, known for accurately predicting trend reversals in the crypto market, has previously been spot-on for DogWifHat. According to Martinez, this new buy signal could be the catalyst that sends WIF into a bullish phase, fueling optimism among investors.

The overall sentiment in the market is also leaning toward a potential surge as volatility continues to rise and other major cryptocurrencies show signs of life. Martinez’s analysis supports the growing belief that WIF could be on the verge of a breakout, especially if it holds the $2.5 level. 

However, if the price fails to maintain this support, investors expect a drop to lower demand levels. In the coming weeks, WIF’s price movement will be pivotal in determining whether the meme coin continues its upward trajectory or faces further corrections.

WIF Technical Analysis 

WIF is currently trading at $2.62 after experiencing a few days of volatile price action within a sustained uptrend. On Monday, the price set a new high at $2.97 but has since retraced slightly and is now testing crucial demand at a previous resistance level of around $2.5. 

This level is key for bulls, as holding above $2.5 would maintain the upward momentum and set WIF up to target the $3 mark, in line with the broader market’s continued push upward.

However, should WIF fail to hold the $2.5 level and close below it, this could indicate a shift in the price structure and signal the start of a correction. 

Traders are keeping a close eye on these levels, as a drop below $2.5 would suggest weakening bullish momentum and the potential for a pullback to lower support areas. The next few days will determine whether WIF continues its uptrend or faces a short-term retracement.

Featured image from Dall-E, chart from TradingView

Dogwifhat Back In The Spotlight

Dogwifhat’s rise to prominence began in early 2024, as the meme coin community embraced it as a “Shiba Inu Killer.â€?Dogwifhat, which started the year around $0.15, was shot into the spotlight in March and April as part of the craze surrounding Solana-based meme coins in the first half of 2024. This saw the meme coin surging by over 3,100% to peak at $4.84. Although the meme coin’s price has corrected since then, it continues to be popular among meme coin investors and is supported by a strong online community.

Dogwifhat has posted incredible gains in September and is currently up by 9.5% in the past 24 hours. Renowned crypto analyst Rekt Capital suggests that Dogwifhat’s recent breakout of its multi-month downtrend is just the beginning. According to him, this move is one of the first signals of a broader altcoin rally, which he forecasted in a previous analysis. Furthermore, the analyst noted that WIF is on the cusp of beginning a new macro uptrend.

The only other time $WIF broke out of it’s downtrend and flipped the 4H 200’s was back in February.

After that the price of $WIF gained 1600% over the course of 48 days.

Looks like we’re about to find out if history does repeat itself. pic.twitter.com/MhvWjHA9SS

�Sito (@0xyusu) September 26, 2024

Adding to the positive sentiment, another crypto expert, Gumshoe, highlighted a key development in WIF’s market activity. According to him, $35 million worth of Dogwifhat has been transferred from crypto exchange Binance into self-custody wallets in the past seven days. Such withdrawal transfers suggest growing investor confidence in holding WIF long-term.

According to a WIFUSDT chart posted on social media platform X by another crypto trader going by the name Sito, WIF’s breakout has seen the crypto flipping the 4-hour 200-moving average. The last time this technical move occurred was back in February, and it led to a staggering 1,600% gain over 48 days. Sito speculated that if history were to repeat itself, Dogwifhat could once again experience a massive price surge, potentially reaching $25 in the coming weeks.

The only other time $WIF broke out of it’s downtrend and flipped the 4H 200’s was back in February.

After that the price of $WIF gained 1600% over the course of 48 days.

Looks like we’re about to find out if history does repeat itself. pic.twitter.com/MhvWjHA9SS

�Sito (@0xyusu) September 26, 2024

What’s Next For Dogwifhat?

At the time of writing, Dogwifhat (WIF) is trading at $2.4. Replicating a 1,600% jump might be more challenging this time around. Given the current price levels, it would require a much larger influx of capital to achieve such a dramatic increase in value compared to earlier this year.

However, this doesn’t take away the fact that the meme coin is at the cusp of a continued momentum to the upside. The first step is breaking above a July order block around $2.665. A successful break above this would set the stage for additional price gains up until its recent all-time high of $4.84.