According to a crypto analyst, Dogecoin (DOGE) could be primed for a price surge based on several metrics

According to a popular crypto trader, numerous metrics suggest that top meme asset Dogecoin (DOGE) could be primed for a price surge.

analyst Ali Martinez shares with his 72,500 followers on the social media platform

The RSI indicator is a momentum oscillator used to determine whether an asset is oversold or overbought. The values ​​of the RSI range from zero to 100, with the value between 70 and 100 indicating that an asset is overbought, while the value between zero and 30 indicates that an asset is oversold.

Martinez also notes that DOGE has displayed a buy signal on its Supertrend indicator, which provides buy and sell signals based on price movements and volatility.

Additionally, the analyst points out that Dogecoin whales have purchased more than 1.40 billion DOGE in the last 48 hours, worth around $140 million.

He also says that Dogecoin has surpassed its resistance at $0.111, where 62,270 addresses hold more than 36 billion DOGE.

“If DOGE holds this level, it could confirm a bullish breakout. With no major supply hurdles in sight, the path to $0.150 seems clear!”

At the time of writing, DOGE is trading at around $0.117. The 9th-ranked crypto asset by market capitalization is up more than 5% in the last 24 hours.

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