Trader Predicts 109 Dogecoin Rally if Major Level Is Reclaimed, Updates Outlook on Avalanche and Two Other Altcoins

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A closely followed crypto analyst says that Dogecoin (DOGE) may have an explosive breakout if the memecoin reclaims one key level as support.

In a new thread, crypto trader Ali Martinez tells his 144,000 followers on the social media platform X that DOGE may be forming a bullish reversal pattern on the three-day chart and increase by more than 109 from its current value.

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“If Dogecoin is truly forming a double bottom, this is the spot for a rebound. Reclaiming $0.26 as support could set the stage for a rally toward $0.46!”

DOGE is trading for $0.22 at time of writing, down 8.2 in the last 24 hours.

Next up, the analyst says that the layer-1 blockchain Avalanche (AVAX) may see a more than 55 increase from its current value if it can flip the $27 level into support.

“If Avalanche breaks above $27, it could quickly climb toward the next key target at $36!”

AVAX is trading for $23.22 at time of writing, down 4.4 in the last 24 hours.

Next up, the analyst says that artificial intelligence (AI)-focused crypto project Bittensor (TAO) may surge to its range high, a more than 81 increase from its current value, after entering an uptrend.

“Bittensor has been range-bound between $190 and $740 since 2023. Now trading in the middle of that range, a move back to $740 looks increasingly likely.”