Justin Bennett Issues Promising Predictions for Ethereum and Dogecoin

Ethereum and Dogecoin: Promising Predictions from Crypto Strategist Justin Bennett

Cryptocurrency strategist Justin Bennett has unveiled positive predictions for Ethereum (ETH) and Dogecoin (DOGE).

Ethereum's Upward Trajectory

Bennett asserts that ETH will continue its upward momentum if it remains above $3,950. "ETH is targeting $5,000," he notes. "If support holds, the continuation of the bull market is imminent." Bennett also highlights the ETH/BTC pair, suggesting a breakout above 0.04 BTC on the weekly chart indicates further upside potential for ETH.

As of writing, ETH is trading at $3,997. Holding above $3,950 maintains bullish sentiment in the market, which could significantly impact ETH's weekly close. "A breakout of the ETH/BTC channel will send Ethereum to new highs," Bennett adds.

Rally Signals for Dogecoin

Bennett forecasts that DOGE may surpass its all-time high of $0.7316 set in May 2021. "A break of $0.45 resistance on DOGE will trigger a surge. This consolidation on the daily chart may be heralding a major rally," he observes.

Currently trading at $0.456, Bennett believes that if DOGE decisively breaks above $0.45 on intraday charts, it could surge by a minimum of 20%. "If DOGE clears resistance, it will be breaking all barriers and heading towards new highs," he adds. Bennett predicts a near-term target of $0.76 for DOGE.

These predictions, based on technical analysis, provide guidance for both ETH and DOGE traders. Close monitoring of support and resistance levels is crucial, especially if the broader crypto market trend remains bullish.