A popular crypto analyst who correctly predicted the recent rise of Dogecoin (DOGE) says another dog-themed meme coin may be next.
The pseudonymous trader SmartContracter tells his 213,000 Twitter followers that the Ethereum-based altcoin Shiba Inu (SHIB) will likely witness an echo rally.
“If you missed DOGE, which is fine by the way, you still have a chance to hop in SHIB with all the [others] who will buy it thinking they missed DOGE.”
SmartContracter then compares the weekly charts of the two altcoins when paired with Bitcoin.
The comparison shows SHIB is looking to break a line of resistance that Dogecoin recently exploded past. The analyst says the two charts paint a “beautiful picture” showing similarities on a technical level.
As for DOGE itself, SmartContracter does not believe the original memecoin has run out of steam.
The analyst, who first turned bullish on DOGE back on October 4th, recently predicted a “next leg up” for the altcoin after its meteoric rise above $0.14.
At time of publishing, Doge is up 24% in the last 24-hours, at $0.15. SHIB is up 7.5% at $0.00001323.
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