Crypto trader says he's 'super bullish' on a top 10 altcoin, updates outlook on Bitcoin and Pepe
A widely followed trader says he is bullish on leading memecoin Dogecoin (DOGE) despite the market-wide correction.
The trader, known under the pseudonym Sherpa, tells his 214,200 followers on the social media platform X that he wants to accumulate Dogecoin.
“DOGE: In my opinion the game is simply to buy down to $0.15 and just let that sit for this cycle. Still very optimistic that DOGE will do something stupid later this year.”
Source: Altcoin Sherpa/X
Dogecoin is trading at $0.167 at the time of writing, close to altcoin Sherpa’s accumulation level.
Next, the analyst says Bitcoin (BTC) is likely to trade between $73,000 and $60,000 before an upward move occurs.
“BTC: More of the same, this is just a small step before we break all-time highs.
That being said, altcoins still look pretty crappy, so I think they're lower for a lot of them. But still bullish on BTC in the long term.”
Source: Altcoin Sherpa/X
Bitcoin is trading at $66,536 at the time of writing, down nearly 6% over the past day.
Looking at the meme asset Pepe (PEPE), the pseudonymous trader says the meme token is likely to fall to the 0.618 Fibonacci level at $0.00000468. Fibonacci retracement areas are used to mark support and resistance levels for an asset.
“PEPE still has another low point ahead of it in my opinion.”
Source: Altcoin Sherpa/X
Pepe is trading at $0.000006 at the time of writing, down over 23% in the last 24 hours.
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