Dogecoin, the most popular memecoin in recent years (DOGEAccording to historical trends, could reach double figures.
Ali Martinez, a crypto strategist on social media platform X told his 97,000 subscribers that DOGE appeared to be at the stage of the cycle where it pauses and then soaring to new records highs.
A trader shared a chart that suggested DOGE was mirroring the price movement during 2017 and 2021 cycles, while trading within a broad ascending channel.
Check out the Dogecoin bull cycle. Early, yes?
The dip is a blessing, and I plan to purchase more in the range of $0.40-$0.30. “The target is $3 and, if the market goes wild, up to $18.”
DOGE currently trades at $0.391, a drop of nearly 5% from the previous day.
Cardano, the Layer-1 ProtocolADAMartinez claims that altcoins can be supported at $1 level based upon the In/Out Of The Money Around Price (IOMAP).
IOMAP classifies crypto addresses as either profiting, breaking even, or losing money – to determine support and resistance levels for ADA. The metric shows that 41,720 address have accumulated more than one billion ADA for $1.
Martinez, zooming out says Cardano seems to be following the 2020 price movement when it saw a period retracement and then soared to new highs.
“Cardano is doing the same as it did in 2020, which is why I’m buying! Even if it dips down to $0.76, I’m buying more and plan to book profits between $4 and $6.”
ADA currently trades at $1.
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