Cardano

Rally

Dogecoin

<div class="dailyhodl">
 A closely followed crypto analyst says Dogecoin (DOGE) may be on the verge of repeating a pattern that could send the top memecoin on a meteoric ascent in the coming months.
 Crypto strategist Ali Martinez tells his 47,300 followers on the social media platform X that Dogecoin appears to be mirroring its 2020 market structure.
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 The analyst shares a chart suggesting that DOGE could exponentially rise by about 11,541% from current levels if the pattern repeats.
 “The price action of Dogecoin is showing familiar patterns reminiscent of its 2020 behavior. Back then, DOGE broke out from a descending triangle, entered a period of consolidation, and then skyrocketed by 28,770%.
 Currently, DOGE appears to be mirroring this pattern: having broken out of a descending triangle, it’s now in a consolidation phase, potentially setting the stage for another significant bull run.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHALstHXsAA1XlQ?format=jpg&amp;name=4096x4096" alt="Image" width="2254" height="1518">
 <figcaption class="wp-caption-text">
 Source: Ali Martinez/X
 </figcaption>
 </figure>
 Looking at the trader’s chart, he appears to predict that DOGE will hit a new all-time high at around $10 toward the end of the year. At time of writing, DOGE is worth $0.0859.
 The trader is also keeping a close watch on the price action of Dogecoin rival Pepe (PEPE). According to Martinez, PEPE appears to be on the verge of breaking out of a bullish inverse head-and-shoulders reversal pattern.
 “You know where PEPE is going! $0.00000166 first, then $0.00000274. Send it!”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHBJkMZXAAEIlTR?format=jpg&amp;name=4096x4096" alt="Image" width="2255" height="1518">
 <figcaption class="wp-caption-text">
 Source: Ali Martinez/X
 </figcaption>
 </figure>
 At time of writing, PEPE is worth $0.00000129.
 As for the smart contract protocol Cardano (ADA), Martinez warns that the altcoin is flashing a bearish signal based on the Tom Demark (TD) Sequential indicator.
 The TD Sequential indicator is typically used to identify trend direction and potential price reversals.
 Says Martinez,
 “The TD Sequential indicator shows a sell signal on the Cardano three-day chart. It’s important to note that the last two times this indicator signaled bearish, ADA experienced a price correction!”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GHA6JJnXcAATELt?format=jpg&amp;name=4096x4096" alt="Image" width="2255" height="1518">
 <figcaption class="wp-caption-text">
 Source: Ali Martinez/X
 </figcaption>
 </figure>
 At time of writing, ADA is worth $0.596.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/analyst-predicts-massive-11-500-rally-for-dogecoin-updates-outlook-on-one-doge-rival-and-cardano-tbt80773.html">https://thebittimes.com/analyst-predicts-massive-11-500-rally-for-dogecoin-updates-outlook-on-one-doge-rival-and-cardano-tbt80773.html</a>

Analyst Predicts Massive 11,500% Rally for Dogecoin, Updates Outlook on One DOGE Rival and Cardano

TheBitTimes

Other articles published on Feb 26, 2024

Bitcoin Surges Past $54,000 Mark

Analyst Forecasts New Peak for AI-Centric Altcoin and Ethereum’s Ascent to $3,500

SHIB Community Petitions Grayscale To Launch Shiba Inu ETF

XRP CEO Open to Welcoming a Spot XRP ETF; LINK and InQubeta (QUBE) Tipped to Lead the Next Bull M...

Akun Twitter MicroStrategy Kena Hack, Bikin Rugi US$440 Ribu Gegara Link Airdrop Palsu

Circle partners with Krafton for innovative metaverse project

Join our free newsletter for daily crypto updates!