Analyst Expects Potential $1 Rally in Dogecoin If This Level Breaks
The post Analyst Expects Potential $1 Rally in Dogecoin If This Level Breaks appeared on BitcoinEthereumNews.com. Cryptocurrency analyst Ali Martinez shared his views on the future of Dogecoin, Cardano and Ethereum in a recent analysis. Currently trading at $0.05945, Dogecoin is nearing the top of its multi-year descending triangle formation. According to Martinez, a close of the weekly candlestick above $0.0835 could trigger the start of a new bull season for Dogecoin and potentially push its price to $1. However, according to Martinez, DOGE users should consider the $0.0482 support level. The analyst thinks that any signs of weakness at this level could lead to a new yearly low. Martinez’s analysis of Cardano reveals an interesting pattern. According to the analyst, Cardano’s current consolidation trend is eerily reminiscent of the years 2018-2020. If history repeats itself, ADA could remain in this consolidation phase until July 2024. According to the analyst, barring unforeseen events such as the COVID-19 crash, ADA may debut as early as December. According to the analyst, Ethereum is currently moving in a stable range. Interestingly, the TD Sequential indicator gave a positive signal at the lower end of this range, indicating that Ethereum could rise as high as $1,630. However, the analyst said caution is needed and if Ethereum closes below $1,530, the bullish expectation will be invalidated. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/analyst-expects-potential-1-rally-in-dogecoin-if-this-level-breaks/
The post Analyst Expects Potential $1 Rally in Dogecoin If This Level Breaks appeared on BitcoinEthereumNews.com.
Cryptocurrency analyst Ali Martinez shared his views on the future of Dogecoin, Cardano and Ethereum in a recent analysis. Currently trading at $0.05945, Dogecoin is nearing the top of its multi-year descending triangle formation. According to Martinez, a close of the weekly candlestick above $0.0835 could trigger the start of a new bull season for Dogecoin and potentially push its price to $1. However, according to Martinez, DOGE users should consider the $0.0482 support level. The analyst thinks that any signs of weakness at this level could lead to a new yearly low. Martinez’s analysis of Cardano reveals an interesting pattern. According to the analyst, Cardano’s current consolidation trend is eerily reminiscent of the years 2018-2020. If history repeats itself, ADA could remain in this consolidation phase until July 2024. According to the analyst, barring unforeseen events such as the COVID-19 crash, ADA may debut as early as December. According to the analyst, Ethereum is currently moving in a stable range. Interestingly, the TD Sequential indicator gave a positive signal at the lower end of this range, indicating that Ethereum could rise as high as $1,630. However, the analyst said caution is needed and if Ethereum closes below $1,530, the bullish expectation will be invalidated. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/analyst-expects-potential-1-rally-in-dogecoin-if-this-level-breaks/
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