A widely followed analyst and trader builds on a memecoin built in the Solana (SOL) ecosystem while offering his views on two other crypto assets.
The pseudonymous analyst known as Sherpa tells his 228,800 followers on social media platform X that he is “still very bullish” on Goatseus Maximus (GOAT).
Sherpa says he thinks GOAT could reach a market cap of $1 billion, a gain of more than 85% from its current valuation of $539 million. But before any rally, the trader sees the memecoin correcting at the $0.47 level.
“As I said before, I think the channel is taking a breather after the crazy surge and more attention will be paid to CEX (centralized exchange) coins.”
GOAT is trading at $0.552 at the time of writing, up 1,168% from the October 13 low of around $0.0435.
Next up is Bitcoin (BTC), which the analyst says is heading toward a new all-time high “in the coming months.”
The pseudonymous analyst adds that Bitcoin is likely preparing to recover after hitting a key support level.
“The following areas have been affected. I still think BTC will bounce back soon.
Bitcoin is trading at $69,817 at the time of writing.
As for Ethereum, the widely followed analyst says that in the short term, ETH will likely experience a false breakout and then fall to around the $2,400 level, where it will undergo a consolidation phase.
“However, this should break out once Bitcoin does (but ETH/BTC will remain underperforming until BTC completes its run).”
Ethereum is trading at $2,512 at the time of writing.
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