A closely followed crypto strategist thinks that three memecoins are gearing up to witness breakout surges.
Pseudonymous analyst Altcoin Sherpa tells his 213,200 followers on the social media platform X that he sees top memecoin Dogecoin (DOGE) igniting an over 50% rally from current levels after moving above its resistance at $0.195.
“DOGE: On its road to $0.33.
Other memes still doing great.
DOGE isn’t going to give you the returns of the others but you can size up on it which is nice.”
At time of writing, DOGE is trading for $0.206, a fractional increase in the past day.
Another coin on the analyst’s radar is the Solana (SOL)-based memecoin BOOK OF MEME (BOME). Altcoin Sherpa says it might take some time but he sees BOME taking out its immediate resistance at $0.0152.
“BOME: I think [it] goes to $0.018 eventually.”
At time of writing, BOME is worth $0.0155, up over 12% in the last 24 hours.
The last memecoin on the trader’s list is dogwifhat (WIF). According to Altcoin Sherpa, he sees WIF rallying to new all-time highs if it takes out the 1.618 Fibonacci level at $4.57.
“WIF: amazing moves for this one, congrats for everyone who rode this hard. I don’t have any targets to be honest. Maybe $5.70 is next up if it can sustain this move.”
At time of writing, WIF is worth $4.37.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Featured Image: Shutterstock/MrArtHit
The post Analyst Predicts Breakout Rallies for Dogecoin (DOGE) and Two Solana-Based Memecoins – Here’s His Forecast appeared first on The Daily Hodl.