Crypto Trader Says Large-Cap Memecoin Set To Continue Rallying, Updates Outlook on Ethereum and Solana
A closely followed crypto analyst believes that the most popular memecoin by market cap is primed for another leg up.
Pseudonymous analyst Altcoin Sherpa tells his 230,700 followers on the social media platform X that Dogecoin (DOGE) is printing a bullish pattern on the four-hour chart after bouncing off of the $0.36 level.
“DOGE: this is not a bearish chart. You still have time to full port into this one guys. Next leg is coming soon.”
He also suggests that DOGE could surge near its all-time high of about $0.74.
“DOGE isn’t that far off now. I actually think this goes back near all-time high again this cycle, something I didn’t think was going to happen. Raise your targets.”
DOGE is trading for $0.41 at time of writing, up 6.8% in the last 24 hours.
Next up, the analyst believes that the market low may not yet be in for Ethereum (ETH) in its Bitcoin pair (ETH/BTC) despite a recent breakout on the four-hour chart.
“Guys, seriously don’t get baited by this ETH/BTC candle. ETH will finally move when BTC is done with its run. Until then, ETH probably continues to grind down and chop. For example, if BTC goes to $120,000 with a god candle, ETH/BTC gets crushed.”
ETH/BTC is trading for 0.03356 BTC ($3,314) at time of writing, down 2.19% in the last 24 hours.
Lastly, the analyst believes Solana (SOL) will outperform other crypto projects this cycle.
“SOL: there is no second best chain this cycle. It has everything you need and the best experience in my opinion. Happy all-time high.”
Solana is trading for $256 at time of writing, up more than 49% in the last 30 days.
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