A closely-followed altcoin analyst says Dogecoin (DOGE) must surpass a critical price level before it can rise higher. According to the analyst, Polkadot (DOT) and The Graph (GRT) may also accompany the rally. The following technical levels will be decisive for prices.
Altcoin Sherpa: Real Dogecoin party happens when $0.35 breaks
The pseudonymous analyst known as Altcoin Sherpa says that Dogecoin will continue to consolidate until it breaks the immediate resistance:
Dogecoin: The real party happens when $0.35 breaks down. Until then, it just sticks to ranges. DOGE usually has 2 modes: bull to death or more boring range.
DOT price is consolidating for now, according to analyst
Altcoin Sherpa also thinks that DOT, the native cryptocurrency of its interoperability blockchain Polkadot, will eventually skyrocket. For now, he expects DOT to continue consolidating. He tells the analyst that a fix is uncertain at the moment:
I’m not sure if it will drop to mid-$30 again before takeoff. It can just wander around and then make big moves – a lot of catalyst is coming for Polkadot.
Next up is Graph (GRT)
cryptocoin.com Altcoin Sherpa, whose analysis we share, closely follows The Graph (GRT), a platform that indexes and organizes Blockchain data. According to the analyst, GRT is showing positive signals for its long-term holders. Here is the technical chart:
GRT seems to show some signs of accumulation. A nice volume is coming. I don’t mind scaling here for a passive trade.
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