Crypto trader Ali Martinez suggests that Dogecoin (DOGE), the largest memecoin by market cap, could experience a surge in price if it surpasses the $0.076 resistance level. Martinez points out that Dogecoin is currently navigating a tight zone between two crucial supply walls. The support wall, spanning $0.072-$0.073, is held by 200,000 addresses with 28.6 billion DOGE. On the other hand, the resistance wall, ranging from $0.074-$0.076, is held by 124,000 addresses with 26.95 billion DOGE. Despite the strength of the support wall, Martinez believes that an upward breakout is possible if Dogecoin breaks through the $0.076 level. He also mentions that the next significant hurdle for Dogecoin would be at $0.084.
Turning to Cardano (ADA), Martinez highlights that the Tom Demark (TD) Sequential indicator is indicating bearishness for the ninth-largest cryptocurrency by market cap. The TD Sequential indicator is used to identify potential inflection points. According to Martinez, the indicator presents a sell signal on the ADA daily chart, suggesting a correction that could lead to a retest of the $0.30 support level.
Martinez notes that the bullish momentum for Uniswap (UNI), the utility token of the decentralized exchange, is increasing. He points out the formation of two bullish patterns in different time frames. On the daily chart, UNI is targeting around $6 as it eyes the hypotenuse of a descending triangle. Additionally, on the four-hour chart, UNI has broken out of a bull flag, aligning with the $6 target.
In conclusion, Ali Martinez predicts potential surges for Dogecoin, Cardano, and Uniswap. Dogecoin could experience a surge if it surpasses the $0.076 resistance level, while Cardano is expected to undergo a correction and retest the $0.30 support level. Uniswap's bullish momentum is increasing, with a target of $6 based on two bullish patterns. Investors should conduct their own research and exercise caution when investing in cryptocurrencies.
