Experienced Analyst Comments: “If Dogecoin (DOGE) Price Exceeds This Level, The Price May Double”

,Ali Martinez, one of the influential analysts in the cryptocurrency world, provided insightful commentary on Dogecoin, Bitcoin, and the overall cryptocurrency market in his recent statement.

Dogecoin (DOGE)

Regarding Dogecoin, Martinez asserts that the DOGE price encounters significant resistance between $0.166 and $0.171. He notes that approximately 75,500 cryptocurrency addresses within this range have accumulated roughly 10 billion DOGE. However, Martinez suggests that if this barrier is surpassed, the DOGE price could potentially double, reaching $0.322.

At the time of writing, DOGE is trading at $0.163, having lost 5% of its value within the past 24 hours.

Bitcoin (BTC)

Analyzing Bitcoin, Martinez highlights a bullish signal on the hourly chart as indicated by the TD Sequential indicator. This indicator, according to the analyst, suggests the possibility of a one to four candle bounce in BTC price.

At the time of writing, Bitcoin is trading at $67,681, experiencing a 3.62% decline over the past 24 hours. Notably, the decrease rate in the last week has been approximately 3%.

*This analysis should not be construed as investment advice.
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