Dogecoin Plunges 9% But Top Analyst Believes Meme Coin Could Stage A ‘Strong’ Rebound In Case This Happens
Posted On March 10, 2025
Influential cryptocurrency analyst Ali Martinez anticipated a significant rebound for Dogecoin (CRYPTO: DOGE) despite the market slump on Sunday.
What Happened: Martinez, known for spotting chart patterns and issuing price predictions, said in an X post that Dogecoin was nearing a critical support level at the lower boundary of the ascending channel.
“Holding above $0.16 could fuel a strong rebound,” the analyst projected.
An ascending channel pattern is a bullish continuation pattern that suggests that the bullish trend is likely to continue after a period of consolidation.
Martinez also drew attention …
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