In the cryptocurrency market, meme coins such as Dogecoin (DOGE) and Pepe (PEPE) have become notable assets recently. In this context, widely followed analyst Altcoin Sherpa highlighted Dogecoin’s future potential despite the market-wide correction. The analyst expressed a strong belief that Dogecoin will rise and even announced that he plans to accumulate this crypto asset.
Altcoin Sherpa’s views on Dogecoin are quite assertive.
“DOGE: To me the play is to just buy up to $0.15 and let it stay in this cycle. “There is still a super bullish (outlook) that DOGE will do something crazy later this year.”
These statements from Altcoin Sherpa highlight Dogecoin’s potential within the crypto community. Especially considering that Dogecoin started out as just an internet joke but has gained a large base of support over time, the analyst’s predictions become even more remarkable.
The price of Dogecoin is trading at $0.167 at the time of writing, close to Altcoin Sherpa’s accumulation level. Whether Sherpa’s predictions will come true or not will become clear over time.
The analyst then predicted that Bitcoin (BTC) will likely trade between $73,000 and $60,000 before moving higher. allegation did.
“BTC: similar to the previous one, just a sideways move before breaking new all-time highs.
However, altcoins are still looking a bit off, so I think it’s lower for most. But I still think BTC is on the rise on higher timeframes.”
At the time of writing, Bitcoin is trading at $66,381, down approximately 5% compared to the previous day. The market is divided about the future of Bitcoin price.
Turning to the popular crypto Pepe (PEPE), the analyst predicts that the meme coin price will likely drop to the 0.618 Fibonacci level at $0.00000468. Fibonacci retracement areas are used to determine the support and resistance levels of an asset.
“In my opinion, PEPE still has a long way to go.”
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