Pentoshi: DOGE, SOL And SHIB To Rally Big, While BTC And ETH Cool Down
According to Pentoshi, a widely followed cryptocurrency analyst and trader, Dogecoin, Solana and Shiba Inu is expected to spark massive rallies while Bitcoin and Ethereum are cooling down a bit.
Dogecoin (DOGE)
The analyst shares with his 291K Twitter followers that Dogecoin (DOGE) is ready to rally to $0.42 after taking out resistance at $0.23 and converting it into support.
“DOGE about to melt faces. I don’t make the rules, and certainly won’t bet against meme culture, Elon Musk, and Mark Cuban.”
Pentoshi is also predicting the next move for smart contract platform Solana (SOL), which he says is the “most bullish asset in the space right now.”
“While I’m over the top bullish on SOL, I don’t think this is the spot you buy (after a 26% pump in a day). Wait for the new weekly low and a dip after a little consolidation early in the week. Be patient, but [in my opinion] major upside coming.”
Solana just became a top 10 crypto by market cap, and is trading at the time of writing at $68.46.
Shiba Inu (SHIB)
The third coin the analyst is bullish on is Dogecoin competitor, another dog-themed meme cryptocurrency Shiba Inu (SHIB). Pentoshi says SHIB is gearing up for a 33% rally from its current price of $0.000009 to $0.000012.
“SHIB Looking to play this if [a] white line is given. Super clean range, looking for a break and retest for entry.”
The analyst expects, Bitcoin, the leading cryptocurrency to correct in the coming days as it trades close to critical resistance of $48,000.
“BTC also not getting as much push up and lower volume (to be expected here). Next week looks like some discounts coming and good buy opportunities to reload some fresh long positions.”
Regarding Ethereum (ETH), Pentoshi also expects a cool off settling to a higher low at $2,800.
“ETH has been hanging in this area for a week now, roughly.”
