Crypto Trader Says Large-Cap Memecoin Set To Continue Rallying, Updates Outlook on Ethereum and Solana

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Crypto Trader Says Large-Cap Memecoin Set To Continue Rallying, Updates Outlook on Ethereum and Solana

A closely followed crypto analyst believes that the most popular memecoin by market cap is primed for another leg up.

Pseudonymous analyst Altcoin Sherpa tells his 230,700 followers on the social media platform X that Dogecoin (DOGE) is printing a bullish pattern on the four-hour chart after bouncing off of the $0.36 level.

Source: Altcoin Sherpa/X

He also suggests that DOGE could surge near its all-time high of about $0.74.

Source: Altcoin Sherpa/X

DOGE is trading for $0.41 at time of writing, up 6.8% in the last 24 hours.

Next up, the analyst believes that the market low may not yet be in for Ethereum (ETH) in its Bitcoin pair (ETH/BTC) despite a recent breakout on the four-hour chart.

Source: Altcoin Sherpa/X

ETH/BTC is trading for 0.03356 BTC ($3,314) at time of writing, down 2.19% in the last 24 hours.

Lastly, the analyst believes Solana (SOL) will outperform other crypto projects this cycle.

Source: Altcoin Sherpa/X

Solana is trading for $256 at time of writing, up more than 49% in the last 30 days.