A popular crypto trader says Dogecoin (DOGE) needs to break through one critical price level before it surges upwards.
The pseudonymous analyst known as Altcoin Sherpa tells his 141,200 Twitter followers that the meme crypto asset will likely continue to consolidate until it breaches its immediate resistance.
“DOGE: The real party happens when $0.35 gets broken. Until then, it just ranges. DOGE usually has 2 modes: f**k you bullish or just a long boring range.”
The popular memecoin is trading at $0.26 at time of writing and is up more than 22% in the past 30 days, according to CoinGecko.
Altcoin Sherpa also thinks DOT, the native asset for interoperable blockchain Polkadot, will skyrocket in price eventually. For now, he expects DOT to continue consolidating.
“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 is trading at $48.89 at time of writing and is up nearly 52% in the past month.
The pseudonymous analyst is also keeping a close watch on The Graph (GRT), a platform that indexes and organizes blockchain data. According to Altcoin Sherpa, GRT is flashing positive signals for long-term holders.
“This coin seems to be showing some signs of accumulation. Some nice volume coming in. I wouldn’t mind scaling in here for a passive trade.”
GRT is trading at $0.98 at time of writing and is up 35.7% in the past 30 days.
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The post Real Dogecoin Rally Will Happen Once DOGE Takes Out This Price Level, According to Crypto Analyst appeared first on The Daily Hodl.
