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Reading: Dogecoin Could Soar to $15 with ETF Approval, Analyst Predicts
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COINTURK NEWS > Altcoin News > Dogecoin Could Soar to $15 with ETF Approval, Analyst Predicts
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Dogecoin Could Soar to $15 with ETF Approval, Analyst Predicts

In Brief

  • Dogecoin may reach $15 if the ETF is approved.

  • Cardano shows a buy signal, anticipating a price recovery.

  • Chainlink is experiencing positive trends according to recent indicators.

Ömer Ergin
Ömer Ergin 4 months ago
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A well-known crypto analyst has identified a factor that could trigger a price increase for Dogecoin $0.228867 (DOGE). Analyst Ali Martinez stated on social media that if a DOGE-based exchange-traded fund (ETF) proposal in Delaware is enacted, DOGE could rise to $15.

Contents
Key Factors for Dogecoin’s SurgeNew Indicators for Cardano and Chainlink

Key Factors for Dogecoin’s Surge

Martinez noted that DOGE is currently trading at $0.351, experiencing a daily decline of 1.4%. The analyst’s $15 target implies an approximately 4,149% increase for the meme asset.

“DOGE ETF will take it to $15!” – Ali Martinez

New Indicators for Cardano and Chainlink

Martinez also indicated that the Tom DeMark (TD) Sequential indicator is signaling a buy for Cardano $0.760269 (ADA), a competitor to Ethereum $2,562 and a smart contract platform. The current trading price of ADA is $0.99, showing a slight drop in the last 24 hours.

“TD Sequential is showing a buy signal for Cardano ADA on the 4-hour chart, and we expect a price recovery!” – Ali Martinez

He further mentioned that Chainlink $16 (LINK) is also receiving a similar signal from the TD Sequential, with LINK currently valued at $25.82, reflecting a 1.9% increase in the past day.

Martinez’s analyses suggest that DOGE’s potential growth from ETF approval, along with positive technical indicators for ADA and LINK, can guide traders in adapting their strategies based on the proposed ETF and technical analysis results.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 24 January, 2025 - 2:06 pm 24 January, 2025 - 2:06 pm
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