Dogecoin, according to a closely-followed cryptotrader.DOGE() may be gearing for a rally of more than 530%.
Ali Martinez, an analyst on social media platform X tells his 59.800 followers that Dogecoin is still following the same pattern as seen in the bull cycles of 2017 and 2021.
According to this trader, DOGE seems to be consolidating as it prepares for a large rally leading to a new record high.
“Dogecoin has shown its classical pattern again!” DOGE has been consolidating since breaking from the descending triangle.
According to past trends, DOGE might rocket towards $1 in the upcoming weeks.”
DOGE was trading at $0.158 as of the time this article was written, which suggests a potential upside of 538 % if top memecoin reaches the target.
Martinez, zooming in on the daily DOGE chart, says that Tom DeMark’s (TD) Sequential Indicator has just given a bullish indication.
Traders can use the TD Sequential Indicator for predicting potential trend reversals based on their closing price of the previous 9 or 13 bars.
The analyst believes that DOGE could see rallies lasting from one to four consecutive days.
The analyst believes that layer-1 protocol Saga is also a threat.SAGA) is primed for rallies based on a TD Sequential Indicator reading.
“SAGA is about to invalidate the sell signal presented by the TD Sequential on the four-hour chart. A sustained close about the risk line at $4.87 could see this token rise 10% to 40%, toward $5.39 or even $6.83.”
SAGA’s current value is $4.37.
Tensor is native to the Tensor blockchain.TNSRSolana is a Solana.SOL)-based non-fungible token (NFT) marketplace.
Analysts claim that TNSR may be threatening its immediate resistance at $1.10.
“After a brief correction, TNSR is now slicing through TD Sequential’s risk line. A sustained close above $1.10 could continue the recent breakout toward $1.30 or $1.52.”
TNSR was worth $0.01 at the time this article was written.
Don’t Miss a Beat – Subscribe Receive email alerts directly in your mailbox
Check this out Price Action
Please follow us Twitter, Facebook The following are some examples of how to get started: Telegram
You can surf to your heart’s content The Daily Hodl Mix
 
Disclaimer: The Daily Hodl does not provide investment advice. Do your research before investing high risk money in Bitcoins, cryptocurrencies or digital assets. Your transfers and transactions are entirely at your own risk. own Risk is yours, as are any losses. The Daily Hodl neither advises the purchase or sale of any digital assets or cryptocurrencies, nor does it act as an investment advisor. The Daily Hodl is an affiliate marketer.
Midjourney: Generated Image
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com