With Bitcoin slowing down in the cryptocurrency market, the tide has turned to altcoins. Many altcoins such as XRP, XLM, DOGE are making strong rallies. Some analysts expect more rallies, especially from some tokens with a narrative. One analyst with a large following predicts another bullish move for the original meme coin. The analyst is also updating his outlook for Ethereum and Solana on his radar.
Altcoin Sherpa awaits the next leg up for the original meme coin!
As you have been following on Kriptokoin.com, after a bit of a break, it has started to move forward again. While the leading crypto Bitcoin is on its way to $100K, some altcoins are performing strongly. One of them is the original meme coin Dogecoin (DOGE). Altcoin Sherpa pseudonymous analyst says Dogecoin (DOGE) has drawn a bullish pattern on the four-hour chart after bouncing from the $0.36 level. In this context, the analyst said, “DOGE: This is not a bearish chart. You still have time to make a full transition to this chart. The next leg is coming soon,” he says.
He also suggests that DOGE will rise to near its all-time high of around $0.74. Accordingly, the analyst said, “DOGE is not that far away right now. In fact, I predict that it will approach its all-time high again this cycle. Besides, I didn’t think that would happen. Raise your goals.” Meanwhile, the meme coin was trading at $0.466 at the time of writing, up 17.7% in the last 24 hours. DOGE advanced 26.7% on its weekly chart.
Analyst’s Ethereum and Solana predictions
The analyst believes that the market low for Ethereum (ETH) in the Bitcoin pair (ETH/BTC) may not yet have arrived, despite a new breakout on the four-hour chart. In this context, the analyst said, “Guys, seriously, don’t be fooled by this ETH/BTC candle. ETH will finally take off when BTC is done. Until then, ETH will probably continue to grind and chop. For example, if BTC goes to $120,000 on a god candle, ETH/BTC will be crushed.” Meanwhile, ETH/BTC was trading at 0.03356 BTC ($3,314) at the time of writing.
Finally, the analyst predicts that Solana (SOL) will outperform other crypto projects this cycle. The analyst said, “SOL: There is no second best Blockchain this cycle. It has everything you need and I think the best experience. It’s an all-time high.” Solana, meanwhile, has surged nearly 21% in the last 30 days. Token was trading at $ 262 at the time of writing.
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