A prominent analyst says Dogecoin (DOGE) must break through a key price level in order to explode.

Known in the industry by the nickname Altcoin Sherpa, the individual told his 141,200 Twitter followers that the crypto meme is likely to continue to consolidate until it breaks the next level of resistance.

“DOGE: The party won’t really take place until $ 0.35 is won. Until then, DOGE will continue to operate in a boring area. “

The source: Altcoin Sherpa / Twitter

The popular meme coin is currently trading at $ 0.26 at press time and is up over 22% in the last 30 days, according to CoinGecko.

Altcoin Sherpa also believes that DOT, the native token of the interoperable blockchain Polkadot, will continue to rise in the near future.

“DOT is preparing for a big step, there are many positive catalysts for Polkadot in the near future.”

DOT is currently trading at $ 51.26, up 17.19% over the past week.

The source: Altcoin Sherpa / Twitter

The analyst also watches The Graph (GRT), a platform that indexes and queries data from the blockchain. According to Altcoin Sherpa, GRT is showing long-term bullish signals.

“This altcoin successfully flipped the 200-day EMA as support. This is a very positive development, especially after a long accumulation period. The prices will soon explode. “

GRT is trading at $ 1.02 at press time and is up 35.7% in the past 30 days.

Source: Altcoin Sherpa / Twitter

You can see the coin prices here.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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