A closely followed crypto analyst believes top meme altcoin Dogecoin (DOGE) is gearing up for a strong surge.
Pseudonymous analyst Cantering Clark tells his 156,700 Twitter followers that DOGE looks bullish as it continues to stay above its multi-month support of around $0.07.
According to the crypto strategist, he believes traders would eventually rotate their altcoin profits into DOGE, sparking a rallying toward his target at $0.10.
“There is simply no way that we see sector rotations and sustained pumps without seeing DOGE catch a bid.
Multi-month value is holding as support.
Lows back through November probed and then reclaimed.
Looks good for much higher.”
At time of writing, DOGE is changing hands for $0.0768, suggesting an upside potential of nearly 30% should the leading memecoin hit Cantering Clark’s target.
Cantering Clark is also bullish on the player-controlled blockchain game GALA (GALA). The crypto strategist believes that GALA will continue to rally even after the altcoin’s massive 145% surge to start the year.
“My guess is GALA just keeps pumping way more than people expect and is the outlier of this rally.
It is already undoing any micro-levels that it put in on the way down, very quickly. Does not remind of something that is just going to roll over.
Funding going negative again.”
At time of writing, GALA is switching hands for $0.0386, down about 6% in the last 24 hours.
Another altcoin on the trader’s radar is the blockchain-based gaming ecosystem The Sandbox (SAND). According to Cantering Clark, SAND is likely setting the stage for bullish continuation.
“Look at what APT [Aptos] did on its own reclaim of a local range.
SAND is setting up the same. Expecting fireworks, and this team is still active on socials so engineering a move higher is probably in the cards.”
At time of writing, SAND is switching hands for $0.517, still above Cantering Clark’s invalidation level.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
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.
Generated Image: Midjourney