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.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
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.
SN_Nour
According to Dailyhodl
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Nov 18th, Panama - Gate.io, a global leader in digital asset trading, has officially unveiled…
The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…
Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire
Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…
As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…
With the crypto market reaching new peaks, many are eager to discover digital currencies poised…
This website uses cookies.