cryptocurrencies Analyst known for his analysis and explanations about Ali Martinez, popular meme token Dogecoin backed by Tesla CEO Elon Musk (DOGE) spoke about.
With the increase in the crypto money market, he shared on his Twitter account. of dogecoin Stating that the price has increased, Martinez said that he sees the potential to easily increase to $ 0.21 in DOGE.
Bracketing his goal for Dogecoin, Martinez is currently at a loss. DOGE He stated that due to the number of investors, he may see some resistance at the levels where the meme token is located.
“On-chain data shows that Dogecoin could head towards $0.21 without hesitation.
However, DOGE has more than 631,000 addresses holding more than 48 billion DOGEs at these price levels. So DOGE may face stiff resistance.”
which reached an all-time high of $0.74 in May 2021. dogecointhen could not continue its rise.
It is trading 80% below its DOGE peak, which is quite far from its ATH.
According to CoinMarketCap data, Dogecoin, which is in 12th place with a market capitalization of 18.656 billion, is trading at $ 0.141 with an increase of 4.95% in the last week.
On-chain data shows that #dogecoin could be free to advance towards $0.21 with no hesitation.
But around this price point, $DOGE could face stiff resistance as more than 631,000 addresses holding over 48 billion #DOGE are underwater. pic.twitter.com/Fyu4pYH47o
— Ali Martinez (@ali_charts) March 30, 2022
*Not investment advice.