The cryptocurrency market has a neutral outlook for now. While the market is searching for direction, investors and traders are also looking for new opportunities. Analysts and experts share their opinions to give an idea on this subject. An analyst whose analysis is closely followed in the crypto market says that the popular meme coin Dogecoin is preparing for a big rally. Additionally, according to the analyst, 2 altcoins give strong bull signals.
“We could see DOGE skyrocket towards $1!”
cryptokoin.comAs you follow from , the excitement in the market has calmed down after Bitcoin’s halving event. In anticipation of the new catalyst, traders are preparing for the future. In this context, popular analyst Ali Martinez shared his latest market evaluations. The analyst says Dogecoin is sticking to a pattern seen during the 2017 and 2021 bull cycles. According to the analyst, DOGE appears to be consolidating as it prepares for a major rally on its way to reaching the ATH level. Martinez explains his views on DOGE as follows:
Dogecoin shows its classic formation once again! DOGE is currently consolidating after breaking out of a descending triangle. Based on past trends, we could see DOGE skyrocket towards $1 in the coming weeks!
Meanwhile, at the time of writing, DOGE was trading at $0.1618. This shows that the original meme coin has an upside potential of 538% if it reaches the target. Martinez says the Tom DeMark (TD) Sequential Indicator is giving a bullish signal on DOGE’s daily chart. According to the analyst, the indicator shows that DOGE will likely rally for one to four days.
Analyst: This altcoin is ready for rallies to these levels!
Ali Martinez also says layer-1 protocol Saga (SAGA) is ready for rallies. The analyst uses the TD Sequential indicator for this prediction. In this context, the analyst points out the following levels for the altcoin:
SAGA is about to invalidate the sell signal offered by TD Sequential on the four-hour chart. A sustained closing of the risk line at $4.87 could see this token rise by 10% to 40%, reaching $5.39 or even $6.83.
Meanwhile, at the time of writing, SAGA was trading at $4.15, down 0.4% on a daily basis. The altcoin increased by approximately 6% on its weekly chart.
Targets for TNSR are $1.30 and $1.52!
The last altcoin on the list is Tensor (TNSR), a Solana-based Non-Fungible Token (NFT) marketplace. According to Ali Martinez, TNSR is threatening to break its immediate resistance near $1.10. In this regard, the analyst draws attention to the following levels for TNSR:
After a brief correction, TNSR is now crossing TD Sequential’s risk line. A sustained close above $1.10 could extend the recent breakout towards $1.30 or $1.52.
Meanwhile, at the time of writing, TNSR was changing hands at $1.17, a gain of approximately 1.2% on a daily basis. Additionally, the altcoin is up nearly 40% on its weekly chart.
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