After a breakthrough, a crypto-strategist who is well known believes the top memecoin Dogecoin has colossal upside potential.
Ali Martinez, an analyst on social media platform X, tells 85.200 of his followers that DOGE could continue to rise after printing a pattern with a bull-flag on he four-hour period.
A bull flag in technical analysis is seen as a continuation, which indicates that the asset is consolidating, and is gearing up to a new rally.
DOGE has fallen 3.1% over the past 24 hours to $0.3771.
Analysts believe that Polygon, a layer-2 scaling software solution (POL), is gearing up to rally.
Martinez shows a chart called In/Out Of The Money Around Price. This chart aims to display addresses which are making money, breaking even or losing money on their position.
He claims that the network activity of Polygon’s project is growing, which could signal a possible breakout.
The on-chain metrics of Polygon are spiking, including the number of daily addresses and transactions, as well as whale activity. All of these are signs that indicate a growing market interest, and a positive outlook for POL .”
Polygon, at the time of this writing, is currently trading for $0.4349. This represents a 1.6% increase in just 24 hours.
Lastly, an analyst states that the TD Sequential Indicator is flashing bullishness in the popular meme-asset dogwifhat.
Traders can use the TD Sequential to forecast potential trends reversals based on their closing price of the previous 9 or 13 bars.
WIF has fallen 4.9% over the past 24 hours to $3.11, at the time this article was written.
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Sources of Images include Pixabay Creative Commons & Midjourney
The post Crypto Analyst Predicts Big Dogecoin rally After DOGE prints bullish pattern – Here is His price target may be updated as new information becomes available.
