Crypto trader Ali Martinez says that the largest memecoin by market cap could surge after overcoming a key resistance level.
Martinez tells his 32,300 followers on the X social media platform that if Dogecoin (DOGE) manages to climb above the $0.076 resistance level, the leading memecoin could surge by around 13% from the current level.
“Dogecoin is navigating a tight zone, sandwiched by two crucial supply walls.
Support Wall: Spanning $0.072-$0.073, with 200,000 addresses holding 28.6 billion DOGE.
Resistance Wall: Ranging from $0.074-$0.076, where 124,000 addresses hold 26.95 billion DOGE.
Note that support outstrips resistance in strength, hinting at the potential for an upward breakout. If Dogecoin slices through $0.076, eyes on the next significant hurdle at $0.084.”
Source: Ali Martinez/X
DOGE is worth