A Crypto Trader Believes Dogecoin is Poised for an Upward Journey
A crypto trader named Ali Martinez predicts a positive future for Dogecoin (DOGE) after it surpassed important price barriers. Martinez shares on social media that as long as DOGE remains above $0.095, it will likely continue to rally. He points out that many crypto bulls bought billions of DOGE at this price level, which now acts as a strong support zone.
As of the time of writing, DOGE is trading at $0.01.
Polygon (MATIC) May See More Rallies, According to the Trader
Martinez is also keeping a close eye on Polygon (MATIC), an Ethereum (ETH) scaling solution. He believes MATIC could experience further rallies if its price stays above $0.80. The trader notes that a significant number of MATIC tokens were acquired between $0.80 and $0.86, with around 42,000 addresses holding close to 5.8 billion MATIC in this demand zone.
Currently, MATIC is trading at $0.909.
Hot Take: Dogecoin and Polygon May Witness Positive Momentum
According to crypto trader Ali Martinez, Dogecoin and Polygon have the potential for significant upward movement. Martinez highlights the importance of DOGE staying above $0.095 and MATIC maintaining its price above $0.80 for these bullish scenarios to unfold. With strong support levels and minimal resistance ahead, both cryptocurrencies could see further rallies in the near future.
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