Dogecoin Looks Ready for Upward Journey After Clearing Major Resistances, Says Crypto Trader – Here’s His Target

Must read

Coinbase sees massive $1 billion Bitcoin withdrawal

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connect via Access...

Exploring SynFutures V3 and the Oyster AMM

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connect via Access...

From credit spreads to HODLing patterns: Navigating February’s crypto market shifts

Welcome to the February CryptoSlate Alpha Monthly Snapshot, an exclusive round-up designed for our CryptoSlate Alpha subscribers.In February, our comprehensive reports and insightful articles...

Record high realized cap shows unprecedented economic investment in Bitcoin

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connect via Access...

A trader thinks that clear skies are ahead for Dogecoin (DOGE) now that the top memecoin has moved above key price hurdles.

Analyst Ali Martinez tells his 34,800 followers on the social media platform X that Dogecoin will likely continue to rally as long as it is above $0.095.

According to Martinez, crypto bulls accumulated billions of DOGE at $0.095 – a price area that he thinks is now acting as firm support.

“Dogecoin has successfully cleared all major resistance levels!

With the $0.095 support proving strong – thanks to 63,280 addresses buying 3.2 billion DOGE – the path looks set for an upward journey. If this support remains firm, we could see DOGE aiming for $0.14 next.” 

Image
Source: Ali Martinez/X

At time of writing, DOGE is trading for $0.01.

The trader is also keeping a close watch on the Ethereum (ETH) scaling solution Polygon (MATIC). Martinez says that MATIC will likely witness more rallies as long as it is moving above $0.80.

“Most MATIC tokens were purchased or acquired between $0.80 and $0.86, with 42,000 addresses holding close to 5.8 billion MATIC in this key demand zone.

Given the minimal resistance ahead, Polygon seems primed for a bull run as long as this level holds.” 

Image
Source: Ali Martinez/X

At time of writing, MATIC is trading for $0.909.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE-2

More articles

Latest article

Coinbase sees massive $1 billion Bitcoin withdrawal

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connect via Access...

Exploring SynFutures V3 and the Oyster AMM

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connect via Access...

From credit spreads to HODLing patterns: Navigating February’s crypto market shifts

Welcome to the February CryptoSlate Alpha Monthly Snapshot, an exclusive round-up designed for our CryptoSlate Alpha subscribers.In February, our comprehensive reports and insightful articles...

Record high realized cap shows unprecedented economic investment in Bitcoin

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connect via Access...

Vanguard CEO to retire but firm unlikely to change anti-crypto stance

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›Connect via Access...