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A closely followed analyst has updated his forecasts for Dogecoin (DOGE), Ethereum (ETH) and one altcoin outperforming the entire crypto market this month.
Pseudonymous Crypto Analyst Altcoin Sherpa To tell His 185,600 Twitter followers believe that Dogecoin’s price gains are still strong due to the impact of Elon Musk’s acquisition of Twitter.
The recent decline has been brushed off and continued. Normally DOGE leading the market is a bad sign, but given Elon (Musk) on Twitter, I think there are a few different situations. This still looks good and I think $0.088 is coming.
Musk has appreciated memetic assets in the past, and speculates that Musk will integrate DOGE into Twitter through existing features such as the ability for users to tip people in Bitcoin (BTC) and Ethereum. There’s also a house. As of this writing, DOGE is trading hands at $0.085.
Altcoin Sherpa will next set its sights on Ethereum, the leading smart contract platform and the second largest crypto by market capitalization.Altcoin Sherpa To tell He expects Ethereum to rise further.
I still think we can see more upside because the price has been chopping in the $1,300s for a while.
At the time of writing, Ethereum is trading at $1,548.
Finally, he To tell Decentralized exchange token Sushi Swap (SUSHI) may continue its rally after gaining support at $1.58.
“$1.58 on an incredibly clean S/R (support/resistance) test. Go to $1.87 now.”
Earlier this month, SUSHI hit a low of $1.02 and recently climbed more than 70% to a high of $1.74. At the time of writing, SUSHI is trading at $1.67.
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