dailyhodl.com
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).”
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.”
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.
Generated Image: Midjourney