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Home»ALTCOIN NEWS»Top analyst predicts Solana-based altcoin launch ‘soon’ and updates outlook for Dogecoin and Shiba Inu
ALTCOIN NEWS

Top analyst predicts Solana-based altcoin launch ‘soon’ and updates outlook for Dogecoin and Shiba Inu

By Crypto FlexsOctober 19, 20242 Mins Read
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Top analyst predicts Solana-based altcoin launch ‘soon’ and updates outlook for Dogecoin and Shiba Inu
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The widely respected analyst and trader is bullish on Cats, the Solana-based pet-themed memecoin from Dog World (MEW), while outlining his predictions for Dogecoin (DOGE) and Shiba Inu (SHIB).

The analyst, who goes by the pseudonym Bluntz, told his 283,800 followers on social media platform

If the asset moves beyond diagonal resistance, the symmetrical triangle can become a bullish continuation pattern.

Bluntz shares a chart that suggests MEW could move closer to $0.011 if a breakout occurs.

Source: Bluntz/X

MEW is trading above pattern resistance at $0.00904 at the time of writing.

Citing Dogecoin, the anonymous analyst said it would be a “big mistake” to write off the ninth-largest cryptocurrency asset by market capitalization despite the emergence of new meme tokens.

“The problem with DOGE is that it always runs the hardest and most vertically towards the end of a cycle, basically after Bitcoin has already been trading at all-time highs to begin with. “A few weeks.”

According to Bluntz’s Dogecoin chart for three days, the flagship memecoin appears to have broken out of the descending trend line that has kept the market weak since March.

video
Source: Bluntz/X

Dogecoin is trading at $0.145 at the time of this writing, up more than 7% in the past day.

Widely followed analysts are also watching Shiba Inus closely. According to Bluntz, Shiba Inu could break through diagonal resistance, potentially ending the bearish trend that began in the first quarter of 2024.

“If you missed this DOGE breakout, I think SHIB or FLOKI are solid plays that can catch up here.”

video
Source: Bluntz/X

As of this writing, Shiba Inu is trading at $0.000019.

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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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