Crypto analyst Ali Martinez projects a positive path for Dogecoin (DOGE) following its breakthrough of critical resistance levels.
The analyst also highlights potential growth for Ethereum’s scaling solution, Polygon (MATIC).
Dogecoin (DOGE) has seized the attention of crypto fanatics as it positively cleared major resistance levels, paving the way for a possible bullish trend, according to analyst Ali Martinez. With 34,800 followers on X, Martinez notes the importance of DOGE keeping a level above $0.095 for sustained growth.
Martinez stressed that crypto bulls tactically acquired billions of DOGE at the $0.095 mark, making a robust support base with 63,280 addresses holding 3.2 billion DOGE. This support, according to Martinez, positions Dogecoin for an upward journey. He states, “Dogecoin has successfully cleared all major resistance levels!”
With $0.095 proving to be a tough support zone, Martinez predicts a possible target of $0.14 for DOGE, emphasizing the significance of the accumulated support from numerous addresses.
As of the latest update, Dogecoin is currently trading at $0.01, and investors are eagerly watching for further developments in line with Martinez’s analysis.
In addition to Dogecoin, Martinez also turns attention to Polygon (MATIC), Ethereum’s scaling solution. According to the analyst, MATIC may experience additional rallies as long as it remains above $0.80. Martinez highlights that a substantial number of MATIC tokens were acquired between $0.80 and $0.86, with 42,000 addresses collectively holding close to 5.8 billion MATIC in this crucial demand zone.
Anticipating a favorable scenario for Polygon, Martinez suggests that minimal resistance ahead could pave the way for a bullish run. As of the latest market data, MATIC is trading at $0.9005, and investors are monitoring this key level closely in hopes of further positive movements in the cryptocurrency market.
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