A well-known crypto analyst has identified a factor that could trigger a price increase for Dogecoin $0.360982 (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.
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 $0.997479 (ADA), a competitor to Ethereum $3,403 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 $26 (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.