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Home»ALTCOIN NEWS»Analyst says large-cap Memecoin is poised to explode by over 100%, updates outlook for XRP and Solana.
ALTCOIN NEWS

Analyst says large-cap Memecoin is poised to explode by over 100%, updates outlook for XRP and Solana.

By Crypto FlexsNovember 17, 20243 Mins Read
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Analyst says large-cap Memecoin is poised to explode by over 100%, updates outlook for XRP and Solana.
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An anonymous analyst and trader is taking a bullish stance on major memecoins, updating his outlook for two of the top 10 altcoins by market capitalization.

An analyst known by the pseudonym DonAlt tells the 62,700 subscribers of the TechnicalRoundup YouTube channel that Dogecoin (DOGE) could surge about 165% from current levels.

“Will Dogecoin go to $1? I still think so. huh.”

Dogecoin is trading at $0.378 at the time of this writing, up about 90% over the past seven days.

According to an anonymous analyst, Dogecoin has one major resistance level to overcome before reaching its target price.

“Dogecoin is still very strong… As long as the cryptocurrency market continues to overheat, I think it will remain so for at least a few more weeks, so I think it makes sense to aim higher. Here it is $0.58 and the meme resistance is $1.”

Source: DonAlt/YouTube

Referring to XRP, DonAlt says the seventh-largest cryptocurrency asset by market capitalization could surge up to 300% from current levels if it continues its upward trajectory.

“This is a monthly breakthrough. If you stick… There isn’t much resistance. Therefore, there is resistance at $1.50, which is 2x down. And one is quadrupled to $3.60. And that’s pretty much it. This is why I trade. Because it’s a very clear deal.”

Source: DonAlt/YouTube

XRP is trading at $0.85 at the time of this writing, up more than 50% in the past seven days.

Next is Solana (SOL). The analyst says Solana is struggling to sustain a break above $200, but points out that SOL could gain some rocket fuel if Bitcoin (BTC) witnesses more of a rally.

“It’s the largest scope we’ve had (at Solana) in a long time. It’s the biggest breakout that gets all the attention, but doesn’t actually do much. So, not very encouraging for SOL, but still a breakout and technically bullish as long as it holds $180… This one looks weak compared to many others.”

Source: DonAlt/YouTube

As of this writing, Solana is trading at $214, up less than 10% over the past seven days.

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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.

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