Analyst Ali Martinez suggests two major altcoins, Dogecoin (DOGE) and Cardano (ADA), may be poised for potential rallies based on technical indicators. Martinez highlights a TD Sequential buy signal for DOGE alongside a surge in transaction volume, while ADA presents a similar setup contingent on holding a key support level.
An analyst has cited technical indicators suggesting potential upward moves for Dogecoin and Cardano. Both assets have shown sluggish weekly performance despite broader market movements earlier in the week.
According to analyst Ali Martinez, the TD Sequential indicator flashed a buy signal for Dogecoin. “[DOGE] could be setting up for a relief rally,” Martinez stated on social media. Data from Santiment shows Dogecoin’s transaction volume surged 420% over the past week, rising from under $100 million to over $510 million.
Martinez also outlined a potential breakout scenario for Cardano’s ADA token. The analyst noted the TD Sequential presented a buy signal on ADA’s weekly chart, suggesting recent downward momentum may have exhausted. “This setup typically anticipates 1–4 weeks of upward expansion,” Martinez mentioned.
For the setup to be validated, ADA must hold above the $0.23 support level on its weekly close. Should that occur, Martinez’s analysis suggests ADA could then head toward $0.32 or even $0.37. A failure to maintain the $0.23 support would invalidate the projected bullish scenario.
Dogecoin recently faced rejection after approaching $0.105, falling back to under $0.095. Cardano, trading above $0.25, remains over 91% below its 2021 all-time high and was rejected at nearly $0.30 this week. The coming weekly closes will be closely watched by investors monitoring these technical levels.
