A closely followed crypto analyst believes that the most popular memecoin by market capitalization is poised for another breakthrough.
Pseudonymous Altcoin analyst Sherpa tells his 230,700 followers on social media platform
“DOGE: This is not a bearish chart. You still have time to do a full port on this one, guys. The next step is coming soon.
It also suggests that DOGE could reach its all-time high of around $0.74.
“DOGE is not that far away now. In fact, I think it’s back to an all-time high again this cycle, which I didn’t think was going to happen. Raise your goals.
DOGE is trading at $0.41 at the time of writing, up 6.8% in the last 24 hours.
Next, the analyst believes that the market low may not yet be reached for Ethereum (ETH) in its Bitcoin (ETH/BTC) pair despite a recent breakout on the four-hour chart.
“Guys, seriously, don’t let this ETH/BTC candle bait you. ETH will finally move when BTC completes its execution. Until then, ETH will likely continue to degrade and chop. For example, if BTC hits $120,000 with a divine candle, ETH/BTC will be crushed.
ETH/BTC is trading at 0.03356 BTC ($3,314) at the time of writing, down 2.19% in the last 24 hours.
Finally, the analyst believes that Solana (SOL) will outperform other crypto projects this cycle.
“SOL: There is no second best channel this cycle. It has everything you need and the best experience in my opinion. Happy absolute record.
Solana is trading at $256 at the time of writing, up more than 49% in the last 30 days.
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