Trader Says Altcoin That’s Up Over 20x in Under Five Weeks Still Has Upside, Updates Outlook Dogecoin and Pepe
A closely followed crypto analyst believes that one red-hot Solana ( SOL )-based memecoin still has more upside potential.
Pseudonymous analyst Altcoin Sherpa tells his 228,800 followers on the social media platform X that Goatseus Maximus ( GOAT ) may soon break out of the upper bound of a trading range.
“GOAT got flipped by Act I:The AI Prophecy (ACT) briefly but still feel like it has greater upside in the longer term. Consolidation at this area between $0.75 and $1 is a decent spot to get in my opinion. Still feel this goes to higher targets (I have a bag).”
Source: Altcoin Sherpa/X
GOAT is trading for $0.907 at time of writing, a more than 20x gain from its low of $0.0435 on October 13th.
Next up, the analyst is turning bullish on Pepe ( PEPE ) after the memecoin bounced after a retest of the $0.00001897 Fibonacci retracement level.
“I’m long PEPE again and already up 12%. I never got filled on my lower bids and finally just aped around $0.000022. I’m pretty much only using funding rates plus technical analysis as a signal. You guys are aping too much/we see some shake out/funding resets and then I long. The end.”
Source: Altcoin Sherpa/X
PEPE is trading for $0.0000224 at time of writing, up 23.5% in the last 24 hours.
Lastly, he says Dogecoin ( DOGE ) may rally but its relatively large size market cap means other memecoins have the potential to put up much larger gains this cycle.
“DOGE is a great meme and I do agree this one is a strong one. Target wise, I have no idea, but it should still have a few x left in it. Are you going to get rich doing this at this market cap? Probably not. But if you’re a whale and want to size in, this is a decent one in my opinion.”
DOGE is trading for $0.39 at time of writing, up 3.3% in the last 24 hours.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?
The current paradox of the Bitcoin network is particularly striking: while the protocol layer has never been more secure due to high hash power, the underlying mining industry is facing pressure from capital liquidation and consolidation.
What are the privacy messaging apps Session and SimpleX donated by Vitalik?
Why did Vitalik take action? From content encryption to metadata privacy.
The covert war escalates: Hyperliquid faces a "kamikaze" attack, but the real battle may have just begun
The attacker incurred a loss of 3 million in a "suicidal" attack, but may have achieved breakeven through external hedging. This appears more like a low-cost "stress test" targeting the protocol's defensive capabilities.
Trending news
MoreCrypto prices
More
