Popular cryptocurrency strategist Altcoin Sherpa, dogecoin The price may rise after the correction made last week. stated.
Sherpa noted that despite falling to a seven-day low ($0.169), DOGE continues to maintain an important support level on a weekly basis. Sherpa suggests that a rally of up to 60% from current levels could begin at any time. This means a move towards the average of $0.32.
Sherpa stated that following the Dogecoin analysis, bullish sentiment is also high for the liquid staking protocol Ether.fi (ETHFI). The analyst suggests that as long as $4.75 is maintained, upside is likely. Sherpa also stated that he would open the trade with a stop at $6.70.
Trader also uses cross-chain messaging protocol WormholeHe also stated that he follows (W) closely. The analyst shares a chart showing W forming a rolling bottom reversal pattern on the hourly time frame.
“W: I want to buy this on the rise. Things are looking good. “I still believe this will increase severalfold in the next few weeks as long as BTC remains stable.”
Sherpa lastly stated that he was following Prom and stated that it could be traded between $9.50 and $14.95. The analyst also underlined that he has been accumulating assets since 2021.
