By cryptoadmin Crypto analyst Ali Martinez shared critical price levels regarding the technical outlook of Dogecoin ($DOGE) and Bitcoin ($BTC).
Martinez noted that the TD Sequential indicator gave a bullish signal on Dogecoin’s monthly chart. According to the analyst, this signal emerged around the time the $DOGE price approached the key support level of approximately $0.056.
Martinez stated that if Dogecoin holds the $0.056 support level, the price could initially recover towards $0.16, while indicating $0.45, located at the upper limit of the rising channel, as a broader-term target.
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On the Bitcoin side, the analyst argued that the $63,800 level should be closely watched, and if this area holds as support, $BTC could experience a rebound towards $67,000.
Conversely, Martinez noted that if Bitcoin loses the $63,800 support level, selling pressure could intensify, with the next downside target being around $60,000.
At the time of writing, the $BTC price is trading at $64,065, while the $DOGE price is at $0.06990.
*This is not investment advice.