Crypto Expert Reveals Key Triggers for the Next Dogecoin (DOGE) Bull Market
Renowned crypto analyst Ali Martinez, followed by a substantial online audience, asserts that Dogecoin (DOGE) stands on the cusp of a bullish surge. Contingent on overcoming two critical resistance levels.
Martinez, with a significant following on the social media platform X, notes that DOGE is currently trading within a large triangle pattern. Should DOGE convincingly breach the formation. A potential new all-time high could be in the offing. Martinez emphasizes that a weekly candlestick closure above $0.0835 is pivotal. Indicating the commencement of a DOGE bull run, possibly reaching $1.
However, caution is warranted around the $0.0482 support, as any weakness at this level might result in a new yearly low. Presently, DOGE is valued at $0.059, a stark contrast to its peak of $0.731 in May 2021. Additionally, Martinez closely monitors Bitcoin’s realized price warm supply metric. Suggesting that a sustained close above $28,233 could herald the resurgence of a bullish trend for BTC.
Clever Robot News Desk 16th October 2023
Related Article
