Altcoins
Analyst Says Ethereum-Based Altcoin “Looks Strong As Hell,” Outlines Path Ahead For Bitcoin And Solana
A widely followed crypto analyst and trader believes a memecoin is headed for the next leg higher.
Pseudonymous crypto trader Altcoin Sherpa tell his 216,400 followers on the social media platform X that Pepe (PEPE) market fundamentals appear solid.
“PEPE: I never got a chance to add $0.00001111, but I’m still in it. He seems pretty strong. I’m still a big fan of memes in general.”
Source: Altcoin Sherpa/X
Pepe is trading at $0.00001128 at the time of writing, down 8% in the last 24 hours.
Then the analyst said Ethereum (ETH) rival of Solana (GROUND) has greater upside potential due to network activity.
“SOL: Go long on Solana. Why? Because SOL memes continue to take off and everyone is denominated in Solana. Being in the trenches of crap money really helps you understand this stuff better. I expect a pullback soon, but this would be the bottom to buy in my opinion.”
Source: Altcoin Sherpa/X
Looking at the analyst’s chart, he suggests that SOL could eventually reach $205.
Solana is trading at $166 at the time of writing, down 6.7% in the past 24 hours.
Finally, the analyst said that Bitcoin (Bitcoin) appears to be in an uptrend but could retest the $63,000 level.
“BTC: Price still looks pretty strong to me. If you really want a dip to get in, look for $63,000 around the 200 four-hour exponential moving average (EMA). For now, things should continue in my opinion.”
Source: Altcoin Sherpa/X
At the time of writing, Bitcoin is trading at $64,596, down nearly 2% in the past 24 hours.
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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