The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Trader Updates Outlook on Dogecoin and Five Altcoins, Says One Top-10 Crypto Eyeing Short-Term Rally

by Daily Hodl Staff
November 25, 2022
in Altcoins, Trading

A widely followed crypto analyst is looking at popular meme token Dogecoin (DOGE) and five other major altcoins.

Pseudonymous crypto trader Altcoin Sherpa tells their 187,800 Twitter followers that DOGE’s current pump is likely unsustainable.

“Moving prob due to some Elon news. Don’t really think this will be a sustainable pump given the market conditions; probably can be shorted around $.09.”

Source: AltcoinSherpa/Twitter

At time of writing, Dogecoin is up 8% over the last 24 hours.

Next, the trader shares some thoughts on Litecoin (LTC) and Polygon (MATIC).

“Some trade ideas, mostly waiting right now. 

LTC: Scalp, patiently waiting for $70 if it comes, not sure if it will or not.

Also eyeing a MATIC swing position. 

Stay safe out there homies.”

Source: AltcoinSherpa/Twitter
Source: AltcoinSherpa/Twitter
Source: AltcoinSherpa/Twitter

LTC is currently down 5% on the day while MATIC is down 2% over the same period.

Next, Sherpa looks at layer-1 platform Avalanche (AVAX), calling AVAX ugly.

“I haven’t checked this 1 in a bit, I think it still looks pretty ugly. I don’t see any signs of a reversal currently. With that said, this is a high time frame area of support, so now is not the area to short it in my opinion; would rather just wait and see.”

Source: AltcoinSherpa/Twitter
Source: AltcoinSherpa/Twitter

AVAX is down 1% on the day at time of writing.

Sherpa also takes a moment to draw out some theoretical support for Cosmos (ATOM), which is down 1.5% today.

“This is theoretical support. Wouldn’t short this area.”

Source: AltcoinSherpa/Twitter

Finally, the analyst outlines one top-10 altcoin looking to rally.

“$330 and then pullback? Current area is the 200d EMA too so watch out. Still, this is 1 of the strongest coins that you can probably just buy and hold for a bit (this is one to really keep tabs on for 2023). I hold a long-term bag of this.”

Source: AltcoinSherpa/Twitter

Binance Coin (BNB) is trading even over the last 24 hours.

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
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.

Featured Image: Shutterstock/IR Stone/MrArtHit

Submit a Press Release

Industry Announcements

  • BlockJoy Secures Nearly $11 Million From Gradient Ventures, Draper Dragon, Active Capital and More To Launch Decentralized Blockchain Operations
    February 2, 2023
  • Peer Acquires Elite Team of Engineers Behind Zenly’s Popular 3D Maps
    February 1, 2023
  • Sign Up Today for the TRON Grand Hackathon aka HackaTRON Season Four
    February 1, 2023
  • MegaWorld Land Gameplay on BNB Chain Starts February 15, 2023
    February 1, 2023
  • Web 3.0 Hackathon on Astar Sponsored by Toyota Motor Corporation
    February 1, 2023
  • Match-Trader White Label by B2Broker Gives Brokers a Comprehensive Online Trading Platform With B2Core Integration
    February 1, 2023
  • Addressable Raises $7.5 Million To Enable Web 3.0 Companies To Acquire Users at Scale
    January 31, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$23,422.28
$23,422.28
0.79%
Ethereum
$1,663.60
$1,663.60
0.36%
Cardano
$0.403699
$0.403699
0.58%
XRP
$0.411735
$0.411735
0.17%
Dogecoin
$0.092597
$0.092597
0.62%

Spotlight

  • Ripple Working With Central Bank of Montenegro on New Digital Currency Pilot Program, According to Prime Minister
    January 31, 2023
  • Bitcoin Explosion to $1,000,000 Is Now on the Table, Says Quant Analyst PlanB – Here’s His Latest Forecast
    February 3, 2023
  • 200% Ethereum (ETH) Explosion Is Entirely Realistic, According to Coin Bureau – Here’s When
    January 28, 2023
  • Ripple Announces New President As XRP Lawsuit Conclusion Looms
    January 29, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl