One trader thinks there are clear skies ahead for Dogecoin (DOGE) now that the top memecoin has breached key price hurdles.
Analyst Ali Martinez tells his 34,800 followers on social media platform X that Dogecoin will likely continue to rise as long as the price remains above $0.095.
According to Martinez, crypto bulls have amassed billions of DOGE at $0.095 – a price area he believes now acts as solid support.
“Dogecoin has successfully reached all major resistance levels!
With support at $0.095 proving strong – thanks to 63,280 addresses purchasing 3.2 billion DOGE – the path appears to be on an upward journey. If this support remains firm, we could see DOGE target $0.14 next.”
At the time of writing, DOGE is trading at $0.01.
The trader is also keeping a close eye on the Ethereum (ETH) scaling solution Polygon (MATIC). Martinez says MATIC is likely to see more rallies as long as the price remains above $0.80.
“Most MATIC tokens were purchased or obtained between $0.80 and $0.86, with 42,000 addresses holding nearly 5.8 billion MATIC in this key demand zone.
Given the minimal resistance ahead, Polygon appears poised for a bull run as long as this level holds.”
At the time of writing, MATIC is trading at $0.909.
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