dailyhodl.com
Crypto trader Ali Martinez says that the largest memecoin by market cap could surge after overcoming a key resistance level.
Martinez tells his 32,300 followers on the X social media platform that if Dogecoin ($DOGE) manages to climb above the $0.076 resistance level, the leading memecoin could surge by around 13% from the current level.
“Dogecoin is navigating a tight zone, sandwiched by two crucial supply walls.
Support Wall: Spanning $0.072-$0.073, with 200,000 addresses holding 28.6 billion $DOGE.
Resistance Wall: Ranging from $0.074-$0.076, where 124,000 addresses hold 26.95 billion $DOGE.
Note that support outstrips resistance in strength, hinting at the potential for an upward breakout. If Dogecoin slices through $0.076, eyes on the next significant hurdle at $0.084.”
$DOGE is worth $0.0745 at time of writing
Turning to Cardano ($ADA), Martinez says that the Tom Demark (TD) Sequential indicator is forecasting bearishness on the ninth-largest crypto asset by market cap. The TD sequential indicator is used to identify possible inflection points.
“The TD Sequential presents a sell signal on $ADA daily chart, anticipating a correction that could see $ADA retest the $0.30 support level.”
$ADA is trading for $0.356 at time of writing.
Next up is the utility token of the decentralized exchange Uniswap ($UNI). Martinez says that the bullish momentum for Uniswap is “heating up” based on the formation of two bullish patterns in two different time frames.
“On the daily chart, $UNI is eyeing the hypotenuse of a descending triangle, targeting around $6. Plus, the four-hour chart reveals $UNI breaking out of a bull flag, aligning with the $6 target.”
Uniswap is trading at $5.15 at time of writing.
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