Dogecoin, the popular meme coin, has been experiencing a lull in its price movement, but a prominent analyst has spotted a key buy signal that could indicate a rebound. Pseudonymous cryptocurrency analyst Ali has identified a buy signal on Dogecoin's three-day chart using the TD Sequential indicator, a powerful tool used by technical analysts to predict trend reversals.

The TD Sequential indicator, developed by Tom DeMark, consists of two main components: a setup (momentum) with nine candles and a countdown (trend exhaustion) with 13 candles. The indicator signals a potential trend reversal when the countdown approaches a certain level. According to Ali, the setup has been established, and the countdown is approaching the level, indicating a potential price rebound.

Dogecoin's price has remained flat over the past 24 hours, but the analyst's prediction suggests a potential upside move. Despite lacking catalysts to propel its price higher, Dogecoin has managed to maintain its position in the top 10 cryptocurrencies by market capitalization. The meme coin has also achieved a significant milestone, surpassing 90 million addresses.

The TD Sequential indicator has been used by analysts to predict price movements in various assets. In this case, the buy signal suggests that Dogecoin's price could experience a rebound in the near future. While the prediction is promising, it's essential to remember that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.

In conclusion, the buy signal identified by analyst Ali suggests a potential rebound in Dogecoin's price. While the prediction is promising, investors should always exercise caution and perform their own research before making investment decisions. The cryptocurrency market is known for its unpredictability, and prices can fluctuate rapidly.