Deep-pocketed digital asset investors are gobbling up massive amounts of the leading meme token Dogecoin (DOGE).
Trader Ali Martinez tells his 116,800 followers on social media platform 640.5 million dollars in just two days.
“While everyone is focused on TRUMP, whales bought 1.83 billion Dogecoin DOGE in (48 hours!)”
At the time of writing, DOGE is trading at $0.35.
Looking at TRUMP himself, Martinez predicts that memecoin will surpass $50 if he eliminates the diagonal resistance of a falling wedge pattern.
A falling wedge structure is often considered a bullish reversal trend because it suggests that selling pressure is losing momentum.
“TRUMP appears to be forming a falling wedge on lower time frames, suggesting potential consolidation toward the top before a rebound to $54.”
As of this writing, TRUMP is worth $32.48.
As for the dogwifhat (WIF) meme token based on Solana (SOL), the trader believes the altcoin is moving inside a large parallel channel – a trend suggesting the asset is in a sideways trend as it respects both support and resistance levels.
With WIF trading near the pattern support level at $1.35, Martinez believes it is almost time for the altcoin to trigger rallies.
“We could see further consolidation around the lower boundary of the channel before a rise towards $5! »
At the time of writing, WIF is worth $1.37.
Don’t miss a thing – Subscribe to receive email alerts straight to your inbox
Check Price Action
Follow us on XFacebook and Telegram
Surf the daily Hodl mix
& nbsp
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: halfway
