A cryptocurrency strategist who follows closely believes that Dogecoin (DOGE), the top memecoin, has massive upside potential after a breakout.
Analyst Ali Martinez told his 85,200 followers on social media platform X that DOGE could continue to surge after printing a four-hour bull flag pattern.
In technical analysis, a bull flag is considered a continuation pattern that indicates an asset is consolidating and preparing for a new rally.
“Dogecoin is breaking out of the bull flag with a 120% rise expected to push it up to $0.82 as long as the $0.37 support holds.”
At the time of writing, DOGE is trading at $0.3771, down 3.1% in the last 24 hours.
Next, the analyst says layer 2 scaling solution Polygon (POL) may be ready for a rebound.
Martinez creates an In/Out of the Money Around Price (IOMAP) chart that aims to show the addresses at which one’s positions will either profit (out of the money), break even (out of the money), or lose money (out of the money). Share. .
“81.60% of Polygon holders are currently ‘out of money’. “With the level of skepticism surrounding this coin, a rally of disbelief could soon occur!”
He says the Polygon project’s network activity is increasing, which portends a potential breakthrough.
“Polygon is experiencing significant surges in on-chain metrics including daily active addresses, trading volume, and whale activity. These are all signs of growing interest and market participation, which suggests a generally optimistic outlook for POL.”
Polygon is trading at $0.4349 at the time of this writing, up 1.6% in the last 24 hours.
Finally, the analyst says the TD Sequential indicator is flashing bullishness for the popular meme asset dogwifhat (WIF).
Traders use the TD Sequential Indicator to predict a potential trend reversal in a token based on the closing prices of the previous 9 or 13 bars or candles.
“The TD Sequential indicator has a buy signal on the WIF 4-hour chart, predicting a price bounce to $3.80!”
At the time of writing, WIF is trading at $3.11, down 4.9% in the last 24 hours.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us XFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created by: Midjourney