Dogecoin and MATIC Gain Momentum: Crypto Expert Signals Upward Trajectory
The outlook appears optimistic for Dogecoin (DOGE) as it surpasses significant price barriers, according to a trader's perspective.
Analyst Ali Martinez anticipates a continued upward trend for Dogecoin, emphasizing its stability above $0.095. Martinez notes robust support at this level, citing the accumulation of billions of DOGE by crypto enthusiasts at $0.095.
Celebrating the successful breach of major resistance levels, Martinez highlights the strength of the $0.095 support, backed by a considerable number of addresses securing 3.2 billion DOGE. This fortified support hints at a promising trajectory for DOGE, potentially reaching $0.14 if the current support sustains.
#Dogecoin has successfully cleared all major resistance levels!
With the $0.095 support proving strong – thanks to 63,280 addresses buying 3.2 billion $DOGE – the path looks set for an upward journey. If this support remains firm, we could see #DOGE aiming for $0.14 next. pic.twitter.com/QmfZ9kY5Dh
— Ali (@ali_charts) December 8, 2023
Presently, DOGE is valued at $0.01.
The trader is also monitoring Ethereum’s (ETH) scaling solution, Polygon (MATIC), with Martinez foreseeing further upward movements for MATIC as long as it maintains a position above $0.80.
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Martinez points out that a significant volume of MATIC was obtained within the $0.80 to $0.86 range, held by 42,000 addresses amounting to nearly 5.8 billion MATIC within this crucial demand area.
Most $MATIC tokens were purchased or acquired between $0.80 and $0.86, with 42,000 addresses holding close to 5.8 billion #MATIC in this key demand zone.
Given the minimal resistance ahead, #Polygon seems primed for a bull run as long as this level holds. pic.twitter.com/DAynQZ2MIr
— Ali (@ali_charts) December 8, 2023
Given the absence of substantial resistance in the immediate future, Polygon appears poised for a bullish phase as long as it maintains its position above this level.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
