Cryptocurrency analyst and trader Ali Martinez is bullish on the largest memecoin by market capitalization.
Martinez tells his 73,200 followers on social media platform Dogecoin (DOGE).
The crypto analyst and trader says:
“The last two times Dogecoin DOGE saw a MACD bullish crossover on the weekly chart, it increased by 90% and 180%, respectively.”
Martinez further claims that the Dogecoin network is seeing “significant growth,” with the number of new addresses increasing by double digits in a week.
“Over the past week, there has been a 72% increase in new DOGE addresses, and just yesterday, 19,630 new DOGE addresses were created!
Dogecoin is trading at $0.105 at the time of writing.
Next up is Bitcoin (BTC). The analyst and trader claims that Bitcoin could have seen a change in trend if the crypto king’s prices moved on the daily chart.
“As of today, it appears that Bitcoin has made a low and a high, suggesting that the trend may have shifted from bearish to bullish!”
Bitcoin is trading at $60,880 at the time of writing.
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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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