Analyst Says One Catalyst Could Trigger 4,149% Dogecoin Explosion, Updates Outlook on Cardano and Chainlink
A closely followed crypto analyst is identifying one catalyst that could send Dogecoin (DOGE) to the moon while updating his outlook on altcoins Cardano (ADA) and Chainlink (LINK).
In a new strategy session, crypto trader Ali Martinez tells his 118,300 followers on the social media platform X that the popular memecoin could skyrocket to $15 if the state of Delaware’s recent proposal to create a DOGE-based exchange-traded fund (ETF) comes to fruition.
“DOGE ETF will send it to $15!”
Source: Ali Martinez/X
DOGE is trading for $0.351 at time of writing, a 1.4% decrease on the day. A rise to Martinez’s price tag of $15 would represent about a 4,149% rise for the meme asset.
Moving on to Ethereum (ETH) rival and smart contract platform Cardano, Martinez says that the Tom DeMark (TD) Sequential indicator – a metric used to measure potential points of reversal for an asset – is flashing a buy signal on its four-hour chart.
“The TD Sequential presents a buy signal on the Cardano ADA 4-hour chart, anticipating a price rebound!”
Source: Ali Martinez/X
ADA is trading for $0.99 at time of writing, a fractional decrease during the last 24 hours.
Concluding his analysis with decentralized oracle provider Chainlink, the analyst notes the TD Sequential indicator is flashing the same signal it did for ADA.
Source: Ali Martinez/X
LINK is valued at $25.82 at time of writing, a 1.9% increase during the last day.
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