Cryptocurrency market investors have laughed a little lately. While the leading crypto Bitcoin (BTC) crossed the $ 17,000 line, some altcoins gave their investors double digits. In the midst of this spring weather, an analyst is calling on 6 altcoin investors, including Dogecoin (DOGE), to set the fireworks.
Dogecoin (DOGE) eyes higher
Cryptocurrency analyst alias Cantering Clark says the popular meme coin Dogecoin (DOGE) is poised for a strong move. According to the analyst, DOGE is bullish as it managed to stay above the multi-month support of around $0.07. Clark believes traders will eventually ignite a $0.10 rally in DOGE. In this context, the analyst makes the following statement:
We have no way of seeing industry rotations and sustainable pumps without seeing DOGE catching a bid. Multi-month price is kept as support. Lows through November were scanned and then retracted. DOGE looks good for much higher levels.
At press time, DOGE is trading at $0.07531. The analyst’s target is over 30% increase for DOGE price.
Fireworks are ready for two metaverse coins!
Cantering Clark then looks at the popular metaverse coin, Gala Games (GALA). The analyst is also quite optimistic about GALA. Clark thinks GALA will continue to rise even after the 145% bull run at the start of the year. Accordingly, the analyst makes the following comment:
My guess is GALA will continue to pump a lot more than people expect. The outlier of this rally. It quickly undoes all the micro-levels it entered while descending. It just doesn’t remind of something to tip over. Financing is going negative again.
At press time, GALA was trading at $0.03718, down about 10.25% in the last 24 hours.
Another altcoin on the analyst’s radar is another metaverse coin: The Sandbox (SAND). According to the analyst, SAND is likely laying the groundwork for the continuation of the uptrend. Clark expresses his views on this issue as follows:
See what Aptos (APT) did in regaining his native range. SAND installs the same thing. Fireworks are expected and this team is still active on social media. That’s why there’s probably a higher move on the cards.
At press time, SAND was trading at $0.49, down 4.74% on a daily basis.
Altcoins that the analyst expects strong rallies
Cantering Clark states that the metaverse coin Decentraland (MANA) shows a bear short squeeze. Accordingly, he says that this signals even more upside and makes the following statement:
It’s pumping GameFi and the metaverse. If I had to guess, MANA has the potential to be even more severe on the upside, given that the OI (Open Interest) was almost twice what it normally was before a lot of Barry-related shorts and hedges were tagged. This squeeze has more fuel.
At press time, MANA was trading at $0.3826, down 3.37% on a daily basis.
The analyst then moves on to ApeCoin (APE). Clark says the AP will likely continue upward once it breaks the sudden resistance. He gives the following explanation for this prediction:
A close at $4.30 per week is currently set with just 30 minutes left. If Metaverse and GameFi are to keep pumping, APE will keep the wind in its sails.
At press time, APE was trading at $4.90, up 2.15% on a daily basis. A move towards the analyst’s target of $7.20 indicates a potential upside of around 60% for APE.
Finally, Cantering Clark says that FXS, the governance token of the Frax protocol, is making a solid bottom. In this regard, he states that the altcoin may be prepared for a breakout. In addition, the analyst shares the following comment:
I see FXS has caught an offer again. There is a granite bottom on this three-day chart. I’m betting on this separation and positioning accordingly.
At press time, FXS was trading at $5.44, down 1% on a daily basis.
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