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Home»ALTCOIN NEWS»Crypto analysts suggest that Dogecoin (DOGE) could begin a parabolic run this month. Here’s why:
ALTCOIN NEWS

Crypto analysts suggest that Dogecoin (DOGE) could begin a parabolic run this month. Here’s why:

By Crypto FlexsNovember 2, 20242 Mins Read
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Crypto analysts suggest that Dogecoin (DOGE) could begin a parabolic run this month. Here’s why:
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A widely respected cryptocurrency analyst believes that top meme asset Dogecoin (DOGE) could begin a parabolic rise this month.

In a new strategy session, cryptocurrency trader Ali Martinez shared charts with his 76,400 followers on social media platform X, suggesting that DOGE is poised to spark a rally based on historical trends.

According to Martinez, November tends to be a month when meme coins surge, and traders should look for sustained closes above $0.20 for confirmation.

Source: Ali Martinez/X

Dogecoin is trading around $0.159 at the time of this writing. The ninth-largest cryptocurrency asset by market capitalization is down more than 7% in the last 24 hours, but remains up about 12% over the past seven days.

Martinez is also bullish on other large altcoins, such as interoperable blockchain Polkadot (DOT).

“No need to chase when so many solid projects are still on your radar! Take Polkadot, for example. I think I’m ready for a breakthrough!”

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Source: Ali Martinez/X

Trader charts suggest that DOT could surge past the $6.00 price tag by the end of the year. DOT is trading at $3.92 at the time of this writing. The 21st-largest cryptocurrency asset by market capitalization has fallen nearly 7% in the past 24 hours.

Martinez also said that dogwifhat (WIF), a memecoin based on Solana (SOL), is currently preparing to rise to $3.

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Source: Ali Martinez/X

WIF is trading at $2.38 at the time of writing, down nearly 8% on the day.

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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 incur. 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.

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