A closely followed trader is expressing bullish sentiment on a leading memecoin as the crypto markets come to life.
According to the analyst, the Tom DeMark (TD) Sequential indicator just flashed a bullish signal for DOGE. The TD indicator traces a series of price points to signal possible trend reversals.
“Dogecoin appears ready to start a new uptrend! The TD Sequential presented a buy signal on DOGE weekly chart. A sustained close above $0.062 could result in an upswing to $0.070.”
Dogecoin is trading at $0.066 at time of writing.
The MVRV compares an asset’s total market cap to its realized value and can be used to time market tops and bottoms.
“Data from [analytics platform] Santiment shows that the last three times Chainlink MVRV 30-day surpassed 20%, LINK underwent a steep correction!
Notice that LINK MVRV 30-day recently surpassed 20%, suggesting an imminent correction.”
“With 98.67% of AXS holders ‘Out of the Money,’ Axie Infinity is one of those altcoins that looks ready to pop!
AXS investors are in disbelief, selling pressure has gotten exhausted, and an important support floor was created around $4.”
At time of writing, AXS is worth $4.70.
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