Crypto Analyst Predicts Starting Point For DOGE Rally, Looks Into DOT
A pseudonymous cryptocurrency analyst and trader, known as Altcoin Sherpa, draws a key resistance level for Dogecoin (DOGE) that it must overcome in order to spark a rally.
Dogecoin (DOGE)
Altcoin Sherpa shares with his 141K followers on Twitter followers that Dogecoin will likely continue to trade sideways until it breaches its resistance level at $0.35.
“DOGE: The real party happens when .35 gets broken. Until then, it just ranges. DOGE usually has 2 modes: **** you bullish or just a long boring range.”
$DOGE: The real party happens when .35 gets broken. Until then it just ranges. DOGE usually has 2 modes: fuck you bullish or just a long boring range. #DOGEpic.twitter.com/zbeXOdYxrA
At the time of writing DOGE trades at $0.272 with 2.78% gains on a weekly chart and a total market cap of $35.86 billion, according to CoinMarketCap.
Polkadot (DOT)
The crypto analyst also looked into DOT, the native asset for interoperable blockchain Polkadot. According to him it seems that DOT price will eventually surge, as parachain auctions etc will be announced. But in short term, it might revisit around $35 level before taking off.
“Not sure if this goes back down to the mid $30s again before take-off or not. Could just chop around here and then make big moves – lots of catalysts coming up for Polkadot.”
$DOT: Not sure if this goes back down to the mid $30s again before take off or not. Could just chop around here and then make big moves-lots of catalysts coming up for #Polkadotpic.twitter.com/euzStHIsPL
