Well-known cryptocurrency analyst Ali Martinez evaluated DOGE in his statement following the recent rise of Dogecoin (DOGE).
Martinez commented on the recent social media statements about DOGE, which were said to prevent it from growing any further: “the market value has increased too much,” “there will be a sell-the-news event,” and “better memecoins will emerge.” According to Martinez, when the interest in Dogecoin over time is taken into account, the graph in question has not even peaked yet.
The analyst therefore claims that the DOGE price has a lot of room to grow further.
In addition, speaking about the price, the analyst argued that DOGE could be forming a bull flag formation. Martinez claimed that he expects a close above $0.40 on the hourly chart, which could trigger a breakout to $0.85.
Also evaluating SUI, another altcoin on the agenda of the recent period, the analyst claimed that the TD Sequential metric, which he previously said triggered a 112% rally by giving a bullish signal, is now giving a bearish signal.
*This is not investment advice.