Ali Martinez, one of the well-known cryptocurrency analysts, made interesting statements about Dogecoin (DOGE) in his recent statement.
Martinez claimed that he received a bearish signal in Dogecoin based on the TD Sequential model. TD Sequential is a model designed to pinpoint the timing of a trend ending and potential price reversals.
According to the analyst, a downward signal was formed in the said model as the DOGE price reached an important resistance point that disrupted previous climbs. The analyst argues that if there is a correction in the DOGE price, the price may drop to $0.085 or even $0.078.
However, he thinks that if the DOGE price manages to exceed the $0.11 level, the bear scenario in question will be invalidated.
However, speaking about the Polygon (MATIC) price, the analyst said that an “M” formation has begun to form on the daily chart of the altcoin and that the MATIC price may decline to $ 0.57 before the rise.
While DOGE price is traded at $0.093 at the time of writing this article, MATIC is traded at $0.82.
*This is not investment advice.
