According to analyst Ali Martinez, Dogecoin, the largest meme coin by market cap, has the potential to continue its upward trend by overcoming significant price barriers. Martinez said that if DOGE remains above $0.095, there is a high probability that the asset’s recovery will continue. states.
According to Martinez, this positive situation for Dogecoin is due to cryptocurrency bulls accumulating a large amount of meme coins. It is stated that the $0.095 level in particular served as a solid support, and it became even stronger after a large purchase from 63,280 addresses, containing a total of 3.2 billion DOGE. This shows that this price level is a critical support point and investors should closely monitor price movements above this level.
According to the analyst, Dogecoin’s current situation indicates positive momentum following strong maintenance of the $0.095 support level. Martinez states that Dogecoin’s next target is $0.14 as long as the support at $0.095 remains intact. However, whether this goal will be achieved may vary depending on market conditions and relevant factors.
“Dogecoin has successfully surpassed all major resistance levels! Once the $0.095 support proves strong (thanks to 63,280 addresses purchasing 3.2 billion DOGE), the path looks set for an upward journey. If this support remains intact, we could see DOGE targeting $0.14 next.”
NEWS CONTINUES BELOW
In addition, Polygon (MATIC), which draws attention with the scaling solutions it offers in the Ethereum (ETH) ecosystem, stands out as a digital asset on the radar of cryptocurrency analysts. In his latest assessment, Martinez states that as long as MATIC maintains the $0.80 level, it has the potential for more rallies in the future.
According to Martinez’s analysis, the majority of MATIC tokens were purchased or accumulated in the $0.80 to $0.86 range. This represents a significant demand region in the cryptocurrency market. Currently, there is a total of 5.8 billion MATIC across approximately 42,000 addresses in this demand region. This highlights the strong interest of investors in this distinct price range and the significant amount of tokens held at these levels.
According to Martinez’s statements, it is predicted that Polygon may transition into a bull run in the coming days as long as it maintains this critical demand zone. In his evaluations taking into account the minimum resistance levels, the analyst emphasizes that if Polygon finds support at current levels, the possibility of moving towards higher price targets increases.
“Most MATIC tokens were purchased or accumulated between $0.80 and $0.86; 42,000 addresses in this key demand region hold approximately 5.8 billion MATIC. “Given the minimal resistance ahead, Polygon looks set for a bull run as long as this level is maintained.”
You can follow the current price movement here.