Top Memecoin could explode 121x if history repeats itself, according to crypto analysts

Crypto analyst and digital asset trader Ali Martinez is bullish on the largest memecoin by market cap.

Martinez tells his 77,400 followers on social media platform X that Dogecoin (DOGE) could rise more than 20x from its current price.

Based on the extrapolation of Fibonacci retracement levels, a technical analysis tool based on the Fibonacci number sequence to predict price targets and identify key support and resistance areas, Dogecoin could move between 2,016% and 12,069%, according to current price data High speed Martinez.

“With Elon Musk now influencing the 47th President Donald Trump, Dogecoin could be primed for a wild ride!

In past bull cycles, DOGE broke the 0.50 Fibonacci retracement once [level]It often rallied to the 1.618 or even 2.272 Fibonacci levels. If history repeats itself, we could see DOGE hit anywhere between $4 and $23!”

Dogecoin is trading at $0.189 at the time of writing.

Martinez is also bullish on Bitcoin (BTC). The crypto analyst says Bitcoin could rise around 13% from current levels in the short term following a correction.

“I think Bitcoin hits $78,000, falls back to $71,500 and then recovers to $85,000!”

Bitcoin is trading at $75,044 at the time of writing.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct their due diligence before making any risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your transfers and transactions are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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