Despite a broader cryptocurrency market downturn, Dogecoin (DOGE) has shown a potential reversal signal using the TD Sequential indicator. This follows a recent market sell-off, with CoinGlass data indicating a liquidation event of $214 million over 24 hours, primarily driven by long positions. The TD Sequential, often used as a contrarian indicator, predicts exhaustion in trends and could indicate a price change for DOGE. Crypto analyst Ali noted the green signal, suggesting an upcoming price reversal. Dogecoin is currently priced at $0.216 after a slight gain of 0.2% in the past 24 hours. However, market analysts highlight a positive outlook for DOGE despite weakness in the overall crypto market. This optimism stems from expectations for the approval of the REX-Osprey DOGE ETF (DOJE), predicted to have a high 90 percent chance of success. The potential for institutional investment through this ETF could fuel further growth and interest in Dogecoin. Additionally, a collaboration between House of Doge and CleanCore Solutions is creating a $175 million Dogecoin treasury, promising institutional backing. This initiative, led by Alex Spiro, Elon Musk’s legal counsel, reinforces the growing confidence in Dogecoin, adding to its positive market sentiment.