Crypto Trader says Dogecoin is at a critical “makeup or break” level. -

Cryptocurrency trader Ali Martinez believes Dogecoin (DOGE) is at a critical level and can determine the direction of price in the short term.

Martinez told 134,800 followers of social media platform X that Dogecoin is at a “make-or-break level” of around $0.16.

According to Martinez, Dogecoin will either rise up to 256% from the support zone if the critical level is held as support, or decrease by about 60% if the critical level fails as support.

Based on the Crypto Trader chart, he appears to suggest that Dogecoin is on a channel that rises in the weekly time frame, with Make-or Break levels being a low boundary of the pattern.

“If $0.16 is held, the rally could continue to last for $0.57. If it fails, it could drop to $0.06.”

Dogecoin is trading at $0.158 at the time of writing.

Next is Solana (Sol). Martinez said the seventh largest cryptocurrency by market capitalization is prepared to go down after falling below the pattern of triangles that fall in the daily time frame. Based on Martinez’s chart, he appears to suggest that Solana could plunge from the current level to around $60.

Solana is trading at $114 at the time of writing.

Turning to the avalanche (Avax), Martinez says that the utility tokens in the Layer 1 blockchain are prepared to be decomposed from the lower boundaries of the rectangular pattern formed in the daily time frame. According to Martinez, the avalanche could be reduced by up to 61% from current levels.

Avalanche is trading at $18 at the time of writing.

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