Dogwifhat, a meme coin based on the Solana blockchain, is attracting attention due to a bullish signal indicated by the TD Sequential indicator. Analyst Ali Martinez highlights this potential upside movement, noting the indicator's past precision in predicting Dogwifhat trends.
The TD Sequential provides a buy signal when the current candle's close is lower than the last four, suggesting a further upward trend for Dogwifhat in October. Despite a recent 14% pullback, the coin is poised for growth.
Since gaining popularity and being dubbed the "Shiba Inu Killer" in early 2024, Dogwifhat soared to an all-time high of $4.83. Despite corrections, it remains the top Solana-based meme coin with a $2.56 billion market cap.
Dogwifhat's recent 68% gain over the last month shows resilience, and with the current bullish signal, it's expected to aim for a price target of $4. Contrastingly, Solana's price increased by 15% in the same period.
