Ali Martinez, who is known for his cryptocurrency analysis, gave good news for Dogecoin (#DOGE ) investors.

On Sunday, the price of Dogecoin ($DOGE ) jumped 1.13 percent and traded at $ 0.11. The loss of this freedom can be attributed to DOGE's descending triangle formation. According to the descending triangle formation, DOGE is making lower peaks even though it finds support in the same price area. According to the formation, the popular memecoin has not yet reached its target.

Dogecoin (DOGE) is winking at the rise According to famous analyst Ali Martinez, Dogecoin is in a descending triangle formation on the weekly chart. The technical structure in question usually gives signs of a decline. However, the upper trend line of the formation invalidates the downward trend and points to a new uptrend potential for DOGE.

According to Intotheblock systems, the DOGE holding version continues to spread. Onchain data shows that Dogecoin investors are not under selling pressure, but are moving in a buying direction.

Memecoin's popular name may be mentioned in the bull market again in the future. However, many metrics need to be taken into account for this.

For example, the recent memecoin trend was marked by the Solana ecosystem. While memecoins on the Solana network gained value, memecoins on other networks decreased.

In particular, interest in PEPE and DOGE has decreased. ETH settling above $ 2,500 or increasing inflows to spot ETH ETFs could be a driving force for DOGE. In addition, Elon Musk's post about Dogecoin will have a slightly positive effect on the price.

#DOGEUSDT! #memecoins #binance