The cryptocurrency market started November with a decline after Uptover. Although historical data present a mixed outlook for November, there is a bearish atmosphere in the market. However, analysts continue to predict strong runs for some tokens. An experienced crypto analyst is bullish on Dogecoin, which is performing well on Uptober. The analyst is also bullish for two altcoins.
Ali Martinez expects a parabolic run from DOGE, but…
As you follow from Kriptokoin.com, October started badly for the market. However, it later reminded me that it was Uptober with strong upswings. Bitcoin and altcoin markets have now entered November with a decline. It remains unclear whether there will be a similar move with October. Nevertheless, experienced analyst Ali Martinez predicts that the rise will continue for some tokens. The analyst shares a chart suggesting that popular meme coin Dogecoin (DOGE) is ready to start a rally based on historical trends. According to Martinez, November tends to be the month when DOGE skyrockets. Additionally, the analyst notes that traders should look for a sustained close above $0.20 as confirmation.
Source: Ali MartinezMeanwhile, Dogecoin was trading at $0.159 at the time of writing, down 0.5% on a daily basis. However, the 9th-ranked altcoin by market cap is up nearly 8% in the last seven days.
“This altcoin is ready for a boom!”
After the popular meme coin, Ali Martinez is looking at the interoperable Blockchain Polkadot (DOT). The analyst is also bullish on some other large-cap altcoins like this. Martinez said of the altcoin, “No need to chase when many solid projects are still under the radar! Take Polkadot for example, it looks poised for a boom!” he says.
Source: Ali MartinezAccording to his chart, the analyst shows that DOT will surpass the $6.00 price tag by the end of the year. Meanwhile, DOT was trading at $3.89 at press time, down 1% on a daily basis. The altcoin is also in the red zone on its weekly and monthly charts. Reaching the analyst’s target means an increase of more than 50% for DOT.
According to the analyst, WIF is running for $ 3!
Finally, Ali Martinez covers the Solana-based meme coin dogwifhat (WIF). The analyst says WIF is currently preparing for a rally towards $3. Meanwhile, WIF was trading at $2.20 at the time of writing, down about 5.5% on a daily basis. The altcoin saw a decrease of approximately 8% on its weekly chart. However, it still remains in the 3% green zone on its monthly chart.
Source: Ali Martinez
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