A popular crypto analyst says meme asset Dogecoin (DOGE) could rise fourfold in percentage terms for one important reason.
Crypto trader Ali Martinez tells his 106,500 followers on social media platform X that the memecoin could rise to $17.76 if DOGE follows a historical price pattern.
“Dogecoin could rise another 6,770% if it continues to follow the ascending parallel channel pattern!”
An ascending parallel channel pattern is a bullish structure that indicates an asset is in an uptrend and is making higher highs and higher lows.
DOGE is trading for $0.31 at the time of writing, up 251% over the last year.
Next, the analyst says that the (TD) Sequential Indicator signals a bullish signal for the decentralized oracle project Chainlink (LINK).
Traders use the TD Sequential Indicator to predict possible trend reversals for tokens based on the closing prices of their previous nine or 13 bars or candlesticks.
“The TD Sequential presents a buy signal on the 12-hour chart of Chainlink and expects a price recovery!”
At the time of writing, LINK is trading at $20.13, down 4.3% in the last 24 hours.
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