Dogecoin (DOGE) may be approaching a major breakout, according to cryptocurrency analyst Ali Martinez, who highlighted a rare combination of bullish technical signals.
In an X post on August 15, Martinez pointed to the Tom DeMark (TD) Sequential indicator, which flashed a buy signal on Dogecoin’s monthly chart.
The signal appeared after DOGE formed an inverted hammer candle and is now developing a doji, a setup that closely resembles the market structure seen in August 2022.
Dogecoin Tom DeMark (TD) Sequential indicator. Source: Ali Martinez
That earlier pattern marked a major turning point for Dogecoin. Following the inverted hammer, TD buy signal, and doji combination, DOGE rallied approximately 145% in the following month.
The current setup suggests a similar trend reversal could be developing after a prolonged decline from its 2025 highs.
Whales accumulating Dogecoin
At the same time, the technical outlook is being reinforced by growing accumulation among large hol
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