Justin Bennett, Crypto analyst notes how Dogecoin (DOGE) is ready to have run of 37% increase.
Furthermore, Justin Bennett explains to his 88,000 Twitter followers how DOGE is attempting to break out its resistance.
“DOGE looks ready (as long as $BTC cooperates)…”
“Just needs to get above 0.27 on a daily closing basis to open up 0.34+.”
More so, Justin Bennett goes on to say that DOGE needs to turn the $0.26 level into support. Then, it can close above $0.27 before aiming for a higher target of $0.34.
Currently, dogecoin is trading at $0.26 according to CoinGecko.
Additionally, Justin Bennett notes BTC’s readiness to maintain the $60,000 level. It depicts a show of strength posing a have big implications in the broader markets.
“Although the BTC weekly candle might not look great, it still held above $60k…”
“That’s what I was looking for. Doesn’t mean we can’t see more pullback…”
“before further upside, but it does mean $60k is holding as support on a weekly closing basis…”
“That’s huge.”
Furthermore, Justin Bennett makes remarks on Bitcoin dominance, comparing BTC’s market cap to the rest of the crypto markets.
“BTC.D is bouncing from 44.5% support. Surprise, surprise.”
Lastly, Justin Bennett explains that bitcoin looking healthy and altcoins will move on it.
“This isn’t necessarily a bad thing for altcoins. Will they suffer if BTC.D heats up again?…”
“In the short term and against BTC, yes…”
“But Bitcoin strength now is massively bullish for alts over the next few months.”
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