A prominent crypto strategist and trader says he’s expecting Dogecoin, Solana and one more altcoin to ignite huge rallies while Bitcoin and Ethereum take a breather.
The pseudonymous trader, known in the industry as Pentoshi, tells his 291,000 Twitter followers that Dogecoin (DOGE) is poised to rally to $0.42 after taking out resistance at $0.23 and converting it into support.
[adinserter block="1"]“DOGE about to melt faces. I don’t make the rules, and certainly won’t bet against meme culture, Elon Musk, and Mark Cuban.”
Another coin on the trader’s radar is smart contract platform Solana (SOL), which he says is the “most bullish asset in the space right now.”
“While I’m over the top bullish on SOL, I don’t think this is the spot you buy (after a 26% pump in a day). Wait for the new weekly low and a dip after a little consolidation early in the week. Be patient, but [in my opinion] major upside coming.”
Next up is the Dogecoin competitor and meme cryptocurrency Shiba Inu (SHIB). According to the crypto analyst, SHIB is gearing up for a 33% rally from its current price of $0.000009 to $0.000012.
“SHIB Looking to play this if [a] white line is given. Super clean range, looking for a break and retest for entry.”
As for Bitcoin, Pentoshi expects the leading cryptocurrency to correct in the coming days as it trades close to critical resistance of $48,000.
Looking at Ethereum (ETH), the trader also expects the second-largest crypto asset to cool off and print a higher low at $2,800.
“ETH has been hanging in this area for a week now, roughly.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
[adinserter block="1"]
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 losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Elena11
