A closely followed crypto analyst is revealing bullish targets for Bitcoin (BTC) while updating his outlook on a handful of prominent altcoins. In a new strategy session, crypto trader Ali Martinez tells his 139,200 followers on the social media platform X that the top crypto asset by market cap looks poised to push to the $118,000 price level – a new all-time high – if it can finish with a daily close above $109,000. “Despite the broader quarterly outlook shared in this video, the daily chart for Bitcoin. BTC looks promising. A daily close above $109,000 could open the door to a rally toward $118,000!” Source: Ali Martinez/X BTC is trading for $109,644 at time of writing, a fractional increase on the day. Moving on to smart contract platform Ethereum (ETH), Martinez says he expects more choppiness until the top altcoin closes outside the $2,227-$3,385 range. “Heard a company added an inflationary asset like ETH to its balance sheet, and suddenly everyone’s bullish again. But let’s be real: I expect more chop until we get a sustained close outside the $2,227-$3,385 range.” Source: Ali Martinez/X ETH is valued at $2,579 at time of writing, a marginal increase on the day. Turning his attention toward the meme asset Dogecoin (DOGE), Martinez notes that the popular dog-themed token appears ready to ascend to $0.19, potentially up to $0.26, after bouncing off a low. “Dogecoin bounced from the lower boundary of this channel. Now targeting $0.19, with potential upside to the upper boundary near $0.26.” Source: Ali Martinez/X DOGE is trading for $0.17 at time of writing. Concluding his analysis with ETH competitor Solana (SOL), the trader says the smart contract platform looks poised to benefit if the crypto markets break out. Source: Ali Martinez/X SOL is trading for $151 at time of writing, a marginal decrease during the last 24 hours. Newsletter] &nbsp Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trader Unveils Bullish Targets on ‘Promising’ Bitcoin, Updates Outlook on Ethereum, Dogecoin and Solana appeared first on The Daily Hodl.

Bearish sentiment appears to be returning to the broader crypto market, with major digital assets such as Dogecoin retesting key support levels. Presently, DOGE has risen slightly above the $0.16 price mark after a brief rebound on Tuesday. However, the popular dog-themed meme coin has undergone a bullish breakout that hints at growing upside momentum and a potential rally. A Bullish Breakthrough For Dogecoin While Dogecoin has plummeted amidst growing bearish market sentiment, Trader Tardigrade, a seasoned crypto analyst, has outlined a bullish development on the DOGE chart. The bullish development reflects DOGE’s notable resilience during the ongoing volatility. In the post shared on the popular X (formerly Twitter) platform, Trader Tardigrade revealed that Dogecoin is flashing upside signals after finally breaching above a resolute negative trendline.  DOGE’s chart shows that this downward trend line has been visible for over 50 days, suggesting a possible change in momentum. This technical breakout could mark the end of a protracted period of bearish pressure, which is likely to reignite bullish hopes.  According to Trader Tardigrade, a new higher low (HL) and higher high (HH) have been observed in the current microstructure on the daily chart. However, the crypto expert claims that a second higher low would confirm a trend reversal from the downside to the upside. Should this technical breakout be confirmed, a rally at this point seems likely. The seasoned crypto analyst has underscored the potential for DOGE to rally hard in the upcoming months toward new all-time highs in another X post. Trader Tardigrade’s forecast hinges on a bullish signal from DOGE’s Average Directional Index (ADX). Specifically, the crucial ADX indicator shows a lower low on the weekly time frame. Looking at the weekly chart, this technical signal typically occurs right before each bull run. The first time it appeared was in 2017, and Dogecoin saw a notable upswing. Also, in 2020, the same signal re-emerged, which preceded the significant bull run in 2021. While the same signal has unfolded in the current bull market, Trader Tardigrade anticipates a similar result, pointing to a massive upside move beyond the $14 price mark by 2026. DOGE’s Path To $0.21 Hinges On This Key Zone DOGE may be set for a bounce, but the dog-themed meme coin must overcome certain key levels. Ali Martinez, a technical expert and trader, has outlined $0.17 as the next crucial level to watch as upside potential grows. On the 3-day chart shared by Martinez, the Tom DeMark (TD) Sequential has flashed a buy signal, indicating an impending rally. According to the expert, if it can regain $0.17 wth the TD Sequential buy signal now visible on the 3-day chart, DOGE may be able to unleash a rebound toward $0.21.

The broader crypto market has taken a hit. Major digital assets like Dogecoin are faced notable bearish movements with the dog-themed meme coin dropping to the $0.21 level. DOGE may be under renewed bearish pressure, but a crypto analyst points to an impending notable rally as bullish momentum gradually returns to the market, pushing prices back to $0.22. Breakout Sets the Stage For Dogecoin To $0.4 Dogecoin appears to have found renewed upward momentum due to the general market recovery following Bitcoin’s brief upswing today. With recent developments spotted on the DOGE 1-day chart, the meme coin is once again flashing signs of strength as it eyes a key breakout. Related Reading: Dogecoin Price Completes Daily Trend Break, Why $0.42-$0.43 Supply Zone Is Next An X (formerly Twitter) crypto expert and investor, Trader Tardigrade, has outlined a formation that might redefine DOGE’s short-term price trajectory. As Dogecoin hovers near critical support zones, the expert foresees a sharp breakout toward the $0.4 level. According to Trader Tardigrade, the meme coin is forming a leg in consolidation below the $0.25 resistance level after recent pullbacks. It is worth noting that this marks the second leg in consolidation in less than a week. Specifically, the first leg of consolidation occurred last Tuesday after it failed to break above the immediate resistance at $0.25. Trader Tardigrade believes that Dogecoin is likely to break through this level following a shakeout below $0.21 to remove weak hands. However, the expert noted that DOGE would hit the resistance zone several times before breaking through. When a breakout finally takes place, Dogecoin is expected to rally hard toward the $0.4 mark that was last seen in late January this year due to its previous explosive run. Looking at the chart, this level is another crucial resistance range for DOGE in its bullish journey.  The last time the meme coin reached this key barrier, it caused a major pullback in the following months before DOGE gained traction again in April. In the event that Dogecoin revisits and breaks past the $0.4 zone, it may lead to an extension of the rally as buying pressure grows. DOGE Makes A Hidden Bullish Divergence With technical indicators aligning and market sentiment turning cautiously bullish, DOGE might be gearing up for its next major uptrend. Trader Tardigrade also identified an RSI (Relative Strength Index) Hidden Bullish Divergence on the 1-day chart. Related Reading: Dogecoin Makes Meaningful Correction: Key Pullback Pattern Points To Looming Rally The emergence of a hidden bullish divergence on the DOGE RSI reflects growing momentum for a bounce even as prices continue to fluctuate. Presently, the expert highlighted that the meme coin is forming a higher low, while the RSI is forming a lower low. Ali Martinez, another seasoned crypto analyst, has underlined a critical resistance at $0.26 as the meme coin gears up for another upswing. According to the analyst, this level continues to be the most important resistance wall for DOGE. Breaking this level could mark the beginning of a bullish phase.