A crypto analyst is predicting big things for Dogecoin (DOGE), suggesting it’s in the early stages of a bull market.
Dogecoin’s Potential
Ali Martinez, a popular crypto trader with a large social media following, believes DOGE could hit $3, and potentially even $18, if market conditions are favorable. He bases this prediction on historical price patterns, pointing out similarities between the current DOGE price action and its performance during previous bull runs in 2017 and 2021. He’s even planning to buy more DOGE if the price dips to between $0.40 and $0.30. Currently, DOGE is trading around $0.39.
Cardano’s Outlook
Martinez also shared his positive outlook on Cardano (ADA). He believes the $1 level will act as support for ADA, based on an analysis of the In/Out of the Money Around Price (IOMAP) metric. This metric suggests strong buying pressure around the $1 mark. He sees parallels between ADA’s current price action and its performance in 2020, where a period of retracement preceded a significant price surge. He plans to buy more ADA if it dips to $0.76, aiming to sell for profits between $4 and $6. ADA is currently trading at $1.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
