A widely followed crypto analyst believes leading meme asset Dogecoin (DOGE) could launch a parabolic bull run this month.
In a new strategy session, crypto trader Ali Martinez shares a chart with his 76,400 followers on social media platform X that suggests DOGE is ready to spark a rally based on historical trends.
According to Martinez, November tends to be the month when coins soar and traders should look for a sustained close above $0.20 as confirmation.
Dogecoin is trading around $0.159 at the time of writing. The 9th ranked crypto asset by market capitalization is down over 7% over the past 24 hours, but remains up around 12% over the past seven days.
Martinez is also bullish on some other large-cap altcoins, such as the Polkadot (DOT) interoperable blockchain.
“There’s no point chasing things when lots of solid projects are still under the radar! Take Polkadot for example – you look ready for a breakout! »
The trader’s chart suggests that DOT could surpass the price of $6.00 by the end of the year. DOT is trading at $3.92 at the time of writing. The 21st crypto asset by market capitalization has fallen almost 7% in the past 24 hours.
Martinez also says that the Solana-based memecoin dogwifhat (WIF) (SOL) is currently preparing for a bullish breakout to $3.
WIF is trading at $2.38 at the time of writing, down almost 8% on the day.
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