Crypto Analyst Altcoin Sherpa Looks Into DOGE, SOL, FTT And BTC
A top crypto market analyst, known as Altcoin Sherpa, updates his outlook on Dogecoin (DOGE), Solana (SOL), FTX Token (FTT) and Bitcoin.
Dogecoin (DOGE)
Altcoin Sherpa shared with his 170K Twitter followers his entry target for Dogecoin, and expects more downwards movement from the current price of $0.1165.
Regarding smart contract platform Solana, the analyst seems undecided. He projects that there might be one last shakeout to the downside looming, but around $80 could be a good entry level.
“SOL: Undecided if I think this is the bottom or not, short term bottom looks possible but I’m still waiting for 1 potential last shakeout. I think it’s an ok idea to start scaling in around 80ish a little bit personally but there is no change in market structure yet.”
$SOL: Undecided if I think this is the bottom or not, short term bottom looks possible but I'm still waiting for 1 potential last shakeout. I think it's an ok idea to start scaling in around 80ish a little bit personally but there is no change in market structure yet. #Solanapic.twitter.com/rUXK6axit3
Looking into FTX Token (FTT), Altcoin Sherpa notes that it has mostly been trading sideways. According to him, it starts to look like FTT is entering an accumulation area.
“FTT: Hows your stablecoin feel?
Jokes aside, this 1 has held up way better than many other altcoins. I still don’t like buying this thing but I have to admit it’s looking like accumulation.”
Jokes aside, this 1 has held up way better than many other altcoins. I still dont like buying this thing but I have to admit it's looking like accumulation. pic.twitter.com/qvMJQBiqYx
Regarding BItcoin, the analyst says that there are two key levels which if either is broken it would define where the leading digital asset is heading. The first is at $34,000 to confirm a downtrend, and the second at $46,000 to confirm a new bull run.
“BTC: I’m not doing anything until 34k or 46k gets broken. Huge compression here, big move is incoming IMO. Wouldn’t be surprised to see a scam pump up. Lower highs and higher lows currently.”
$BTC: I'm not doing anything until 34k or 46k gets broken. Huge compression here, big move is incoming IMO. Wouldn't be surprised to see a scam pump up. Lower highs and higher lows currently. #Bitcoinpic.twitter.com/pC5UbTke3X
