A widely followed crypto strategist believes that top meme token Dogecoin (DOGE) looks bullish even after last week’s marketwide correction.
Pseudonymous analyst Altcoin Sherpa tells his 214,100 followers on the social media platform X that DOGE has managed to stay above a key support level on the weekly chart even after dropping to a seven-day low of $0.169.
With the weekly support intact, the trader now sees DOGE igniting a nearly 60% rally from current levels.
“DOGE: held above [the] weekly level for now, resume the pump to $0.32.
I think being long DOGE is a completely reasonable idea and I think that its one of the safer trades you can do. Probably outperforms a lot of other stuff too, to be honest.”
At time of writing, DOGE is trading for $0.197.
Next up, the analyst is also bullish on the native asset of the Ethereum (ETH)-based decentralized liquid staking protocol Ether.fi (ETHFI). Altcoin Sherpa says ETHFI is in a position to bounce as long as it trades abo
We współpracy z: https://dailyhodl.com/2024/04/08/trader-predicts-fresh-rallies-for-dogecoin-and-one-ethereum-based-altcoin-updates-outlook-on-two-crypto-assets/
