A crypto analyst is predicting a possible price increase for Dogecoin (DOGE).
Dogecoin’s Bullish Signal
Ali Martinez, a popular crypto analyst, spotted a bullish signal for DOGE using the Tom DeMark (TD) Sequential Indicator. This indicator, which analyzes closing prices, suggests a potential price rebound. He also noted that large Dogecoin investors (“whales”) recently bought over 90 million DOGE. At the time of writing, DOGE was trading at $0.314.
Bitcoin’s Potential Dip
Martinez also warned about Bitcoin (BTC), suggesting that a drop below $92,730 could trigger a significant price fall. He pointed to a support level around $69,000, based on Glassnode data, as the next potential bottom. Interestingly, he views a 20-30% Bitcoin correction as potentially positive in the long run. Bitcoin was trading at $94,671 at the time of writing.
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