Bulls have taken over the crypto market. Leading crypto Bitcoin broke $66,000 and is winking at ATH levels. In this atmosphere of high morale, an analyst with a large following is predicting big gains for Dogecoin, the original meme coin. The analyst is also bullish on another meme altcoin project, BONK.
Analyst: DOGE is a high probability opportunity!
cryptokoin.comAs you follow from , the enthusiasm in the market continues. The analyst with the pseudonym Altcoin Sherpa says that while it may not be the most original investment thesis, DOGE is still a high-probability opportunity to make several times your capital. In this context, the analyst makes the following statement:
It’s not a very creative or fast trade, but DOGE will eventually make crazy numbers this cycle. It will not outperform other meme coins considering its MC (market cap). However, if you buy and sell at the giga pump, you will probably make 4 times your money. Buy now and get into a coma and sell when this month.
The analyst’s chart shows that Dogecoin is facing a major breakout level past the $0.18 mark. Meanwhile, at the time of writing, DOGE was trading at $0.166, up over 19% in the last 24 hours. Besides this, the meme coin saw an increase of over 93% on its weekly chart.
According to Altcoin Sherp, BONK will catch up with the others!
The analyst then looks at Dogecoin rival Bonk (BONK). Altcoin Sherpa says BONK currently offers opportunities. Considering that it is lagging behind other meme-coins such as Dogwifhat (WIF) and Pepe (PEPE), the Analyst predicts that BONK has a good chance of catching up soon. In this regard, the analyst shares the following assessment:
BONK: A good coin to buy right now. Still behind WIF and PEPE. When the coins consolidate like this and the leaders still hold, you can easily buy this right now…
Meanwhile, at the time of writing, BONK was trading at $0.000039, up nearly 57% in the past day. Meme coin gained over 215% on its weekly chart.
Altcoin Sherpa: A short-term correction is possible for SOL!
Finally, the analyst discusses Ethereum (ETH) rival Solana (SOL). Altcoin Sherpa says SOL’s recent price action has been a bit weak on a shorter-term time frame. However, he states that it continues to rise from a longer-term perspective. In this regard, the analyst draws attention to the following levels:
LEFT: To be honest, these are not the best candle closes + I want to see a strong follow-through in the next few days. Failure to do so would likely mean another retracement to the $100-120 trading range. Overall, I’m not really sure where this is going in the medium term but I’m still bullish on the higher time frame.
Meanwhile, at the time of writing, Solana was trading at $133. The token increased by over 31% on its weekly chart.
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