A widely followed cryptocurrency analyst says he’s bullish on a leading memecoin, while sharing his views on two other digital assets.
Pseudonymous trader Altcoin Sherpa tells According to its 219,000 followers on social media platform
“DOGE is a great coin to have, but due to its market cap, returns won’t come close to those of the previous cycle. Still, it’s a good option if you’re huge and still want to capture *some* of the meme mania.
At the time of writing, DOGE is trading at $0.133.
The next step is Bitcoin (BTC). According to the trader, Bitcoin “looks strong” after this. retest resistance from around $65,000 to support.
“After that response, I think we’ll test the $70,000.”
Bitcoin is trading at $67,730 at the time of writing.
As for payment protocol XRP, Altcoin Sherpa thinks the altcoin is bullish after rising above its resistance at $0.58.
“XRP looks pretty strong, to be honest.”
Based on the trader’s chart, he seems to suggest that the next resistance level for XRP is $0.75.
XRP is trading at $0.597 at the time of writing.
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Generated image: DALLE3