A widely followed analyst and trader is bullish on a top 30 altcoin by market cap while outlining the path forward for three other crypto assets.
The pseudonymous analyst known as Sherpa tells his 239,700 followers on social media platform compared to the current level before the end of this period. ride a bike.
“…I still think HYPE is a great project and will reach over $50 later this cycle. It just touches too many stories and I have a bag of them (and I do a little trading just to hope to get more points). I wouldn’t rush into a position here, but I would scale more. Not one to give you a 10x at these current levels for this cycle in my opinion, but it could still be safe to hold.
Hyperliquid is trading at $23.16 at the time of writing.
Next up is XRP. While observing that XRP is showing strength as it sits just below its all-time high, Sherpa asserts that XRP is not at an ideal level for long entries.
“For what it’s worth, I don’t recommend purchasing more at this current position. It is at an all-time high and is a natural retracement point. I think you should be patient with this. I’m going to wait a bit before adding and hope it goes down.
Next up is Cardano (ADA). The analyst says Cardano looks “pretty strong” on the weekly time frame and could continue to rise as other first generation altcoins continue to appreciate.
When it comes to Dogecoin (DOGE), Sherpa says the largest memecoin by market cap “still looks strong.”
According to Sherpa, Dogecoin could trade in some range for a while before returning to the 42-month high of around $0.485 reached in December.
Dogecoin is trading at $0.412 at the time of writing.
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