A crypto trader popular with the crypto community, Dogecoin (DOGE) He says it must surpass a critical price level before it can move upwards.
The analyst, known by the alias Altcoin Sherpa, tells his 141,200 Twitter followers that the meme crypto asset will continue to consolidate until it breaks current resistance.
“DOGE: The real party will start when $0.35 is broken. Until then, it just varies in price range. DOGE usually has 2 modes: Extreme bullish or just a long boring interval.”
According to CoinGecko, the popular meme coin is trading at $0.27 at the time of writing and has risen more than 24 percent in the last 30 days.
Altcoin Sherpa, the interoperable blockchain polkadotlocal presence of DOTHe also thinks that the price will eventually skyrocket. But for now, he predicts DOT will continue to consolidate.
“I’m not sure if this will drop back to mid-$30 before takeoff. He can just wander around and then make big moves – there’s a lot of catalyst coming for Polkadot.”
The DOT is trading at $52 at the time of writing and is up over 60 percent in the last month.
A platform that indexes and organizes blockchain data. Graph (GRT) is also closely watched by popular analysts. According to altcoin Sherpa, GRT is sending positive signals for long-term investors.
“This coin appears to be showing some signs of accumulation. There’s a nice volume coming in.”
GRT is changing hands at $1.1 at the time of writing, up 39 percent from last month.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.