Dogecoin

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 A closely followed trader is expressing bullish sentiment on a leading memecoin as the crypto markets come to life.
 The crypto analyst known as Ali Martinez tells his 31,500 followers on the social media platform X that Dogecoin (DOGE) looks poised to start <a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a>ing to the upside.
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 According to the analyst, the Tom DeMark (TD) Sequential indicator just flashed a bullish signal for DOGE. The TD indicator traces a series of price points to signal possible <a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> reversals.
 Says Martinez,
 “Dogecoin appears ready to start a new up<a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a>! The TD Sequential presented a buy signal on DOGE weekly chart. A sustained close above $0.062 could result in an upswing to $0.070.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F8-a25iXMAAeF1Q?format=jpg&amp;name=small" alt="Image" width="680" height="482">
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 Source: Ali Martinez/X
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 Dogecoin is trading at $0.066 at time of writing.
 Next up is the blockchain oracle network Chainlink (LINK). Martinez says that Chainlink’s Market Value to Realized Value (MVRV) is hinting at a possible fall in price.
 The MVRV compares an asset’s total market cap to its realized value and can be used to time market tops and bottoms.
 “Data from [analytics platform] Santiment shows that the last three times Chainlink MVRV 30-day surpassed 20%, LINK underwent a steep correction! 
 Notice that LINK MVRV 30-day recently surpassed 20%, suggesting an imminent correction.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F9DXYNPWgAA968z?format=jpg&amp;name=large" alt="Image" width="1829" height="705">
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 Source: Ali Martinez/X
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 Martinez is also keeping an eye on the blockchain-based game Axie Infinity (AXS). According to the analyst, AXS looks ready to rally after managing to build support at $4.
 “With 98.67% of AXS holders ‘Out of the Money,’ Axie Infinity is one of those altcoins that looks ready to pop!&nbsp;
 AXS investors are in disbelief, selling pressure has gotten exhausted, and an important support floor was created around $4.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" loading="lazy" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F9I9sXyXkAEySh1?format=jpg&amp;name=medium" alt="Image" width="1174" height="541">
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 Source: Ali Martinez/X
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 At time of writing, AXS is worth $4.70.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-memecoin-dogecoin-doge-looks-ready-to-start-a-new-uptrend-according-to-crypto-trader-tbt67637.html">https://thebittimes.com/top-memecoin-dogecoin-doge-looks-ready-to-start-a-new-uptrend-according-to-crypto-trader-tbt67637.html</a>

Top Memecoin Dogecoin (DOGE) Looks Ready To Start a New Uptrend, According to Crypto Trader

TheBitTimes

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