The dominance of bulls in the cryptocurrency market continues to strengthen. Leading crypto Bitcoin is trading at $62,000 after visiting over $64,000. In this positive atmosphere, a popular crypto analyst says that meme coins Dogecoin (DOGE) and Shiba Inu (SHIB Coin) are poised for big moves to the upside. However, the analyst predicts a downward trajectory for Bitcoin and Worldcoin.
Analyst expects strong rises for DOGE and SHIB Coin!
cryptokoin.comAs you follow from , meme coins had a nice run today. Moreover, this run may continue. A popular analyst nicknamed Altcoin Sherpa is bullish on both DOGE and SHIB Coin after long accumulation phases. However, she does not think either meme-coin will return to all-time highs (ATH). For this reason, he warns his followers not to have expectations. In this context, the analyst makes the following statement:
DOGE and SHIB Coin will never experience the crazy growth they experienced in 2021 due to their current market cap. Both of these coins make large caps (literally) and will be traded more like large liquid coins that you can trade on any major CEX (centralized exchange). However, DOGE and SHIB both ironically look like extremely good charts. Both have almost two years of backlog, and I expect both to experience big gains this year into 2024-2025. But I plan to hop on the train and wait for the first big move before trading later.
According to his chart, the analyst predicts that SHIB Coin price is about to break the $0.00001056 level into support. It also suggests that it will move towards a range of around $0.00001484. Meanwhile, DOGE was trading at $0.128 at the time of writing, up nearly 15%. SHIB Coin was traded at $ 0.00001348 with an increase of 16.7% in the last 24 hours.
Altcoin Sherpa: Bitcoin will decline after ATH levels!
The analyst also predicts that Bitcoin (BTC) will decline after defying resistance around the near-$69,000 all-time high price set in November 2022. The analyst expresses his views on this subject as follows:
BTC: There should have been some sort of pullback around the all-time highs, but it was mind-blowing to see this.
Meanwhile, Bitcoin was trading at $61,633 at the time of writing, up 2.4% in the last 24 hours. The leading cryptocurrency saw an increase of nearly 20% on its weekly chart.
The analyst expects a 33 percent decline from WLD!
Finally, the analyst looks at artificial intelligence (AI)-related altcoin project Worldcoin (WLD). The analyst warns that the token could fall more than 33% from its current value after drawing a bearish formation. In this regard, Altcoin Sherpa says:
WLD: The warning signs are already here. I think this will be one of the best coins to short… If the market starts to fall this thing will fall hard and probably just slowly grind downwards even if the market is still rising… I don’t know what the overall target is here, probably $5 or lower?
Worldcoin, meanwhile, was trading at $7.54 at the time of writing, up 1.8% in the last 24 hours. However, WLD saw a decline of more than 11% on its weekly chart.
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