Cryptocurrency analyst Ali Martinez said: dogecoin An ambitious prediction that the price will experience a meteoric rise in the coming months published. The analyst claimed that a similar model was seen in 2020.
As we reported as Koinfinans.com, the analyst claimed that the DOGE price could increase by 11541% if a similar pattern is repeated. DOGE skyrocketed by 28770% in that cycle in 2020 and turned the market upside down.
…Currently, DOGE appears to reflect this pattern: after breaking out of a descending triangle, it is now in a consolidation phase, potentially setting the stage for another significant bull run.
Looking at Trader’s chart, it looks like the Dogecoin price could reach around $10 towards the end of the year. At the time of writing, DOGE was trading at $0.0859.
Martinez, DOGE rival PEPE He stated that the coin is on the verge of breaking out of the bullish head and shoulders formation.
You know where PEPE is going! First $0.00000166, then $0.00000274.
Finally smart contract protocol Cardano Commenting on , Martinez warns that the altcoin is giving a bearish signal based on the Tom Demark (TD) Sequential indicator.
The TD Sequential indicator is typically used to identify trend direction and potential price reversals.
TD Sequential indicator Cardano is showing a sell signal on the three-day chart. It is important to note that the last two times this indicator gave a bearish signal, ADA experienced a price correction!
