The widely respected analyst and trader is offering a bullish outlook for the top 30 altcoins by market capitalization while outlining the future paths for three other cryptocurrency assets.
The analyst, who goes by the pseudonym Sherpa, tells his 239,700 followers on the social media platform to give.
“…I still think HYPE is a great project and I think it will go above $50 later this cycle. There are so many stories, I have a bag of these (and am doing some trading to get more points). We’re not going to rush things here and we’re going to scale things down further. “I think it’s not something that can deliver 10x from current levels during this cycle, but it may still be a safe thing to hold.”
Hyperliquid is trading at $23.16 at the time of this writing.
Next is XRP. Observing that XRP is showing strength as it sits just below its all-time high, Sherpa says that XRP is not at an ideal level for a long-term entry.
“For what it’s worth, I wouldn’t really recommend buying more at the current position. This is the previous all-time high and this is a natural retracement point. Think you have to be patient. “I’ll wait a little bit and hope it goes down before I add more.”
Next is Cardano (ADA). The analyst says Cardano is looking “very strong” on a weekly basis and could continue to rise as long as other first-generation altcoins continue to gain appreciation.
Sherpa mentioned Dogecoin (DOGE), saying the largest memecoin by market capitalization “still looks strong.”
According to Sherpa, Dogecoin could trade in a range for some time before revisiting the 42-month high of around $0.485 it reached in December.
Dogecoin is trading at $0.412 at the time of this writing.
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