Crypto Analyst Ali Martinez: DOGE Could Rise Tens of Times
The main tool for predicting future movements of Dogecoin by Ali Martinez has been Fibonacci levels, which indicate key support and resistance levels for the asset. The trader believes that the price of DOGE could rise between 2,016% to 12,069%.
"Elon Musk has become one of the key players of Donald Trump, the 47th president of the United States, and Dogecoin could show explosive growth. In past bullish cycles, when DOGE overcame the 0.50 Fibonacci level, it often rose to the 1.618 or even 2.272 levels. If history repeats itself, the coin could reach $23," says Ali Martinez.
Currently, Dogecoin is trading at $0.1995, and its market capitalization reaches $29 billion. Thus, if DOGE rises 12 times, the coin will take second place in market capitalization after Bitcoin, and with a 120-fold increase, the meme coin will become the leader of the cryptocurrency market.