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January 11, 2023

Top Crypto Analyst Says Dogecoin (DOGE) Looks Good To Go Much Higher – Here’s His Target

By Daily Hodl Staff

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.

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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.

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Looks good for much higher.” 

Source: Cantering Clark/Twitter

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.

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Funding going negative again.”

Source: Cantering Clark/Twitter

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.” 

Source: Cantering Clark/Twitter

At time of writing, SAND is switching hands for $0.517, still above Cantering Clark’s invalidation level.

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