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Dogecoin, Solana and One More Altcoin Could Ignite Big Rallies While Bitcoin and Ethereum Cool Off: Top Crypto Analyst

Analytics

dailyhodl.com 17 August 2021 12:27, UTC
  
Reading time: ~2 m

A prominent crypto strategist and trader says he’s expecting Dogecoin, Solana and one more altcoin to ignite huge rallies while Bitcoin and Ethereum take a breather.

The pseudonymous trader, known in the industry as Pentoshi, tells his 291,000 Twitter followers that Dogecoin (DOGE) is poised 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.”

Source: Pentoshi/Twitter

Another coin on the trader’s radar is 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.”

Source: Pentoshi/Twitter

Next up is the Dogecoin competitor and meme cryptocurrency Shiba Inu (SHIB). According to the crypto analyst, 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.”

Source: Pentoshi/Twitter

As for Bitcoin, Pentoshi expects 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.”
Source: Pentoshi/Twitter

Looking at Ethereum (ETH), the trader also expects the second-largest crypto asset to cool off and print a higher low at $2,800.

“ETH has been hanging in this area for a week now, roughly.”

Source: Pentoshi/Twitter

 


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