A cryptocurrency analyst who follows closely believes that the most popular memecoin by market capitalization is ready for another leap forward.
Dogecoin (DOGE) is printing a bullish pattern on the four-hour chart after bouncing off the $0.36 level, pseudonymous analyst Altcoin Sherpa told his 230,700 followers on social media platform
“DOGE: This is not a bearish chart. There is still time to fully port this part. The next leg will be out soon.”
He also suggests that DOGE could surge to near its all-time high of around $0.74.
“DOGE is not that far away now. I actually think it’s close to all-time highs again this cycle. It’s something I never thought would happen. Aim high.”
At the time of writing, DOGE is trading at $0.41, up 6.8% in the last 24 hours.
Next, the analyst believes that the Ethereum (ETH) to Bitcoin pair (ETH/BTC) may not have reached its market low yet, despite a recent breakout on the 4-hour chart.
“Everyone, don’t be fooled by this ETH/BTC candle. ETH will finally move once the BTC run is complete. Until then, ETH will probably continue to be split and chopped. For example, if BTC reaches $120,000 with a god candle, ETH/BTC will collapse.”
At the time of writing, ETH/BTC is trading at 0.03356 BTC ($3,314), down 2.19% over the last 24 hours.
Lastly, the analyst believes that Solana (SOL) will outperform other cryptocurrency projects this cycle.
“SOL: There is no second best chain this cycle. In my opinion, it has everything you need and provides the best experience. “I am happy to have achieved an all-time high,” he said.
Solana is trading at $256 at the time of this writing, up more than 49% in the last 30 days.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us XFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created by: Midjourney