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.
At time of publishing, Doge is up 24% in the last 24-hours, at $0.15. SHIB is up 7.5% at $0.00001323.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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