dailyhodl.com
A widely followed analyst and trader is expressing bullish sentiment on Bitcoin ($BTC) while offering his outlook on a memecoin built on the Solana (SOL) blockchain ecosystem.
Starting with Bitcoin, the analyst pseudonymously known as Altcoin Sherpa tells his 219,000 followers on the social media platform X that Bitcoin is primed to reach a six-figure price.
“There will be bumps long the way but the road for $BTC to $100,000 is programmed. Don’t get shaken out and lose yourself along the way.”
Bitcoin is trading at $66,236 at time of writing.
According to the widely followed trader, Bitcoin enjoys strong support at between the $63,800 to $65,000 price where the 25, 55, 89 and 200 exponential moving averages (EMAs) on the daily chart have clustered.
Next up is the Solana-based memecoin Popcat ($POPCAT). The pseudonymous trader and analyst says that among the feline family of memecoins, $POPCAT is one of the “better ones” over the long term.
Altcoin Sherpa, however, says that $POPCAT appears bearish on the four-hour time frame over the short term and needs to climb above a range low that lies between $0.694 and $0.724 to avoid falling further.
$POPCAT was trading at $0.00379 on January 5th and is now at $0.704 – a gain of approximately 18,475%.
Altcoin Sherpa also offers his outlook on dogwifhat ($WIF), a Solana-based memecoin. According to the pseudonymous analyst, $WIF “still looks pretty good for now” on the four-hour timeframe with the “better” support zone located at around $2.10.
“Would probably average in from $2.30 – $2.10 if I were you and swing trade this one.”
$WIF is trading at $2.27 at time of writing.
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