October or the beginning of Q4 seems to be pretty good for the entire crypto space as most of the crypto assets are on the verge of testing their immediate resistance levels soon. As Bitcoin price successfully ranges above $55K and Ethereum price trades above $3600, the upcoming weekend could be much impressive. Following the bullish market sentiments, the dogecoin price and MATIC price are also preparing themselves for a monster rally.
MATIC after getting re-branded as Polygon received immense attention and appreciation from the crypto space. And moreover, the gigantic rally, killing a couple of zeros and achieving levels more than $2 appeared to be like icing on the cake. However, the asset lost the gained attention since the mid-may crash. As normal retail trading kept the voltality rate much lower than expected.
The asset since the past couple of days is attempting to get back on track in order to smash the initial target at $1.75. While doing so, the crypto is experiencing extreme pressure from the bears. And hence an inverse ‘head n shoulder’ pattern is formed which may result in the next leg up. Despite a small rejection along the neckline, yet the asset could retest soon and break above the barriers.
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Dogecoin Price Look-Out For Another 1200% Gains
The popular meme coin, which gained immense trader attention and adoption in the first half of 2021, faded of let. However, the dogecoin price despite multiple sell-offs remained strong above $0.2 which kept the hopes of an uptrend alive. However, mirroring the previous rallies, one of the popular analysts believes the DOGE price could hit $3 by the end of 2021.
The analyst, Justin Bennett, recorded the previous breakouts, one in Februvary and the other in mid-April. Both resulted in more than 1000% gain after a considerable consolidation. However, the current consolidation is 3 times more than the previous one’s. And hence, the analyst expects the upcoming bull rally may also be much bigger than the previous one.
The entire crypto space is currently switched on to the green mode and on the verge of a massive breakout. As predicted by many, after the bearish September, Q4 would record notable gains in the majority of the assets. And hence Dogecoin(DOGE) price may also follow the trend. Also, the Polygon netwrok is growing tremendously with more and more user adoption. Therefore, this may also fuel the MATIC rally to surge beyond the target levels.
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