Ali Martinez, one of the influential analysts of the cryptocurrency world, evaluated Dogecoin, Bitcoin and the general cryptocurrency market in his recent statement.
Starting with Dogecoin, the analyst argued that DOGE price faces a major resistance between $0.166 and $0.171. According to Martinez, 75,500 cryptocurrency addresses in this region have accumulated approximately 10 billion DOGE. However, the analyst claimed that the DOGE price could double if this obstacle is overcome. According to the analyst, this means a price of $0.322 for Dogecoin.
At the time of writing this article, DOGE price is trading at $0.163 and has lost 5% of its value in the last 24 hours.
Evaluating Bitcoin, the analyst claimed that the TD Sequential indicator is giving a bullish signal on the hourly chart of BTC price. According to the analyst, this indicator may indicate a one to four candle bounce in BTC price.
Bitcoin price is trading at $67,681 at the time of writing and has fallen by 3.62% in the last 24 hours. The decrease rate in the last week was approximately 3%.
*This is not investment advice.