Crypto Analyst Forecasts Bullish Trend for Dogecoin and Solana, Issues Caution on Ethereum's Trading Pair
ICARO Media Group
### Prominent Analyst Predicts Significant Uptrend for Dogecoin and Highlights Solana’s Potential
A well-regarded crypto analyst, known by the pseudonym Altcoin Sherpa, has forecasted notable gains for Dogecoin (DOGE), the leading memecoin in terms of market capitalization. Sharing insights with his 230,700 followers on the platform X, Altcoin Sherpa observed a bullish trend for DOGE, evidenced by its bounce from the $0.36 level on the four-hour chart.
"DOGE: this is not a bearish chart. You still have time to full port into this one, guys. The next leg is coming soon," stated Altcoin Sherpa, emphasizing the imminent upward movement.
He further speculated that DOGE could approach its all-time high of approximately $0.74. "DOGE isn't that far off now," he added. "I actually think this goes back near all-time high again this cycle, something I didn't think was going to happen. Raise your targets." As of now, Dogecoin is trading at $0.41, marking a 6.8% increase over the past 24 hours.
Switching focus to Ethereum (ETH) and its Bitcoin trading pair (ETH/BTC), Altcoin Sherpa issued a cautionary note. Despite a recent breakout on the four-hour chart, he doesn't believe the market has reached a low for ETH/BTC. "Guys, seriously don't get baited by this ETH/BTC candle. ETH will finally move when BTC is done with its run. Until then, ETH probably continues to grind down and chop." Currently, ETH/BTC is trading at 0.03356 BTC, approximately $3,314, down by 2.19% in the last day.
The analyst also expressed strong confidence in Solana (SOL), predicting it would outperform other blockchain projects in the current cycle. "SOL: there is no second best chain this cycle. It has everything you need and the best experience in my opinion. Happy all-time high," he remarked. At present, Solana is trading at $256, having surged over 49% in the past month.