One closely watched cryptocurrency analyst believes that Dogecoin (DOGE) could achieve a huge price target if the memecoin repeats its historical patterns.
Cryptocurrency strategist Ali Martinez says 56,000 followers on social media platform
“While my fellow DEGENs seem to be distracted by the new shiny memecoins, Dogecoin remains the most important altcoin in the space. From a technical perspective, DOGE appears to be reflecting the 2018-2021 pattern. If so, DOGE could be at the beginning of a massive parabolic bull market!”
Dogecoin is trading at $0.20 at the time of this writing, down 6.5% in the last 24 hours.
Next is the analyst Called Ethereum (ETH) appears to be on a bullish upward trend based on high levels of network trading from deep-pocketed investors.
“Despite the Ethereum price correction seen over the past few weeks, ETH whale trading is increasing. This is a bullish indicator for future ETH price movement!”
Ethereum is trading at $3,507 at the time of writing and is down nearly 4% in the last 24 hours.
Finally, the analyst Called Bitcoin (BTC) may be showing a price pattern similar to the Nasdaq’s recent performance.
“Doesn’t Bitcoin (on the right) look like Nasdaq (on the left)?”
Looking at his charts, the analyst suggested that Bitcoin could trade around $94,000 before June.
Bitcoin is trading at $67,115 at the time of this writing, down more than 6% in the last 24 hours.
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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 that you are responsible for any losses that may occur. 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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