Real Dogecoin Rally Will Happen Once DOGE Takes Out This Price Level, According to Crypto Analyst


A popular crypto trader says Dogecoin (DOGE) needs to break through one critical price level before it surges upwards.

The pseudonymous analyst known as Altcoin Sherpa tells his 141,200 Twitter followers that the meme crypto asset will likely continue to consolidate until it breaches its immediate resistance.

 

“DOGE: The real party happens when $0.35 gets broken. Until then, it just ranges. DOGE usually has 2 modes: f**k you bullish or just a long boring range.”

Source: Altcoin Sherpa/Twitter

The popular memecoin is trading at $0.26 at time of writing and is up more than 22% in the past 30 days, according to CoinGecko.

Altcoin Sherpa also thinks DOT, the native asset for interoperable blockchain Polkadot, will skyrocket in price eventually. For now, he expects DOT to continue consolidating.

“Not sure if this goes back down to the mid $30s again before take-off or not. Could just chop around here and then make big moves – lots of catalysts coming up for Polkadot.”

Image
Source: Altcoin Sherpa/Twitter

DOT is trading at $48.89 at time of writing and is up nearly 52% in the past month.

The pseudonymous analyst is also keeping a close watch on The Graph (GRT), a platform that indexes and organizes blockchain data. According to Altcoin Sherpa, GRT is flashing positive signals for long-term holders.

“This coin seems to be showing some signs of accumulation. Some nice volume coming in. I wouldn’t mind scaling in here for a passive trade.”

Image

GRT is trading at $0.98 at time of writing and is up 35.7% in the past 30 days.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix
 

Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/studiostoks/Alka5051/OlyaOK





Read Full Article

Latest articles

The Incentive Revolution: Blockchain DAOs Change Everything About The Future Of Investing – Seeking Alpha

The Incentive Revolution: Blockchain DAOs Change Everything About The Future Of Investing  Seeking Alpha Source link

Ethereum Breaking This Confluence Resistance Could Spark a Significant Surge

Ethereum is still above the $4,250 support against the US Dollar. ETH price could stage a strong rally if it clears the $4,450...

Related articles

Leave a reply

Please enter your comment!
Please enter your name here