Dogecoin TD Sell Signal Goes Off, But Here’s Why Parabolic Bull Run Can Still Continue

Dogecoin has exhibited a sell signal, but analysts believe the rally could continue. The TD Sequential indicator suggests a potential downturn, similar to previous bull runs. However, Dogecoin has overcome similar signals in the past, leading to renewed rallies. The coin's price currently oscillates around $0.41, within an ascending parallel channel that has held throughout the current cycle. The channel suggests the potential for a rise towards $14. The indicator's history indicates the possibility of a temporary setback, but the rally may resume after a correction. Dogecoin's price action during the last two bull runs followed a similar pattern, lending credence to the continuation of the current rally. The analyst emphasizes that the current cycle may differ from previous ones, leaving the outcome uncertain.