Crypto Analyst Ali Martinez Thinks Dogecoin (DOGE) Could Kick Off a Parabolic Bull Run This Month

In a new strategy session, crypto trader Ali Martinez shares a chart with his 76,400 followers on the social media platform X that suggests DOGE is primed to spark a rally based on historical trends.

Cryptocurrency technical analyst Ali Martinez is keeping a close eye on Dogecoin (CRYPTO: DOGE) and believes that the meme coin could be setting up for a parabolic bull run this month.

In a recent strategy session, shared with his 76,400 followers on the social media platform X, and later posted on Medium, Martinez shared a chart that suggests that DOGE is primed to spark a rally based on historical trends.

According to the trader, the month of November tends to be when the meme coin makes its move and traders should look for a sustained close above $0.20 as confirmation.

Dogecoin is trading around $0.159 at the time of writing. The ninth-ranked crypto asset by market cap is down more than 7% in the past 24 hours but remains up by around 12% in the past seven days.

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Martinez is also bullish on certain other large-cap altcoins as well, such as interoperable blockchain Polkadot (CRYPTO: DOT).

“No need to chase when plenty of solid projects are still under the radar! Take Polkadot for example – looking primed for a breakout!”

The trader's chart suggests that DOT could skyrocket past the $6.00 price tag by the end of the year. DOT is trading at $3.92 at the time of writing. The 21st-ranked crypto asset by market cap is down nearly 7% in the past 24 hours.

Martinez also says the Solana (CRYPTO: SOL)-based memecoin dogwifhat (CRYPTO: WIF) is currently preparing for a bullish breakout to $3.

WIF is trading at $2.38 at the time of writing, down nearly 8% on the day.