A broadly adopted dealer says that he’s bullish on the main memecoin Dogecoin (DOGE) regardless of the marketwide correction.
The dealer pseudonymously generally known as Sherpa tells his 214,200 followers on the social media platform X that he intends to build up Dogecoin.
“DOGE: The play in my view is simply to purchase right down to $0.15 and simply let this sit for this cycle. Nonetheless tremendous bullish on DOGE doing one thing foolish later this yr.”
Dogecoin is buying and selling at $0.167 at time of writing, near Altcoin Sherpa’s accumulation stage.
Subsequent up, the analyst says that Bitcoin (BTC) is more likely to vary commerce between $73,000 and $60,000 earlier than making an upward transfer.
“BTC: extra of the identical, that is simply chop earlier than we break all-time highs.
That stated, altcoins nonetheless look sort of sh*tty so I believe decrease for lots of them. However nonetheless bullish on BTC on excessive time frames.”
Bitcoin is buying and selling at $66,536 at time of writing, down almost 6% previously day.
Turning to meme asset Pepe (PEPE), the pseudonymous dealer says that the meme token will possible drop to the 0.618 Fibonacci stage at $0.00000468. Fibonacci retracement areas are used to mark assist and resistance ranges for an asset.
“PEPE has additional right down to go, in my view.”
Pepe is buying and selling at $0.000006 at time of writing, down over 23% within the final 24 hours.
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