Trader Says Altcoin That’s Up Over 20x in Under Five Weeks Still Has Upside, Updates Outlook Dogecoin and Pepe

A carefully watched crypto analyst believes {that a} Solana (SOL)-based memecoin nonetheless has extra upside potential.

Pseudonymous analyst Altcoin Sherpa tells are 228,800 followers on the social media platform

“GOAT was briefly circled by Act I: The AI ​​Prophecy (ACT), however nonetheless feels prefer it has an even bigger upside in the long run. Consolidation on this space between $0.75 and $1 is an effective place to achieve in my view. I nonetheless really feel like this goes to greater functions (I’ve a bag).

GOAT is buying and selling at $0.907 on the time of writing, a achieve of over 20x from the October 13 low of $0.0435.

Subsequent is the analyst turn bullish on Pepe (PEPE) after the memecoin bounced following a retest of the $0.00001897 Fibonacci retracement degree.

“I’m lengthy PEPE once more and am already up 12%. I by no means obtained crammed with my decrease bids and ended up selecting about $0.000022. I just about solely use funding charges plus technical evaluation as a sign. You guys are monkeying round an excessive amount of/we’re seeing some shakeouts/funding resets after which I am longing. The top.”

PEPE is buying and selling at $0.0000224 on the time of writing, up 23.5% within the final 24 hours.

Lastly him say Dogecoin (DOGE) might rise, however its comparatively giant market cap means different memecoins have the potential to see a lot larger positive factors this cycle.

“DOGE is a good meme and I agree it’s robust. As for the aim, I do not know, however there needs to be a number of extra x in there. Will this make you wealthy at this market cap? In all probability not. However should you’re a whale and also you need to do some estimation, I feel this can be a good selection.”

DOGE is buying and selling at $0.39 on the time of writing, up 3.3% within the final 24 hours.

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