Cryptocurrency analyst Ali Martinez evaluated Dogecoin, Cardano, and Ethereum in his statement.
Cryptocurrency analyst Ali Martinez shared his views on the future of Dogecoin, Cardano, and Ethereum in a recent analysis.
Currently trading at $0.05945, Dogecoin is approaching the top of a multi-year descending triangle pattern. According to Martinez, a weekly candle close above $0.0835 could trigger the start of a new bull season for Dogecoin and potentially push its price to $1.
However, according to Martinez, DOGE users should consider the $0.0482 support level.
Martinez's Cardano analysis shows an interesting pattern. According to the analyst, Cardano's current sideways trend is eerily reminiscent of the years 2018-2020. If history repeats itself, ADA may remain in this sideways phase until July 2024.
According to the analyst, Ethereum is currently moving within a stable range. Interestingly, the TD Sequential indicator has given a positive signal , suggesting Ethereum could rise as high as $1,630.
However, the analyst said caution is needed and if Ethereum closes below $1,530, bullish expectations will be invalidated.
