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A popular crypto analyst who correctly predicted the recent rise of Dogecoin (DOGE) says another dog-themed memecoin could be next.
Pseudonymous trader SmartContracter has told his 213,000 Twitter followers that Ethereum-based altcoin Shiba Inu (SHIB) is likely to witness an echo rally.
If you didn’t make it to DOGE, you still have a chance to jump into SHIB. [others] Who would buy it thinking they missed DOGE.
SmartContracter then compares the weekly charts of the two altcoins when paired with Bitcoin.
This comparison shows that SHIB recently attempted to break through the resistance that Dogecoin has exploded in the past. Analysts say the two charts paint a “beautiful picture” showing similarities on a technical level.
As for DOGE itself, SmartContracter does not believe the original memecoin has lost momentum.
the analyst first became bullish Recently, on October 4th at DOGE predicted Altcoins next leg up after surge above $0.14.
As of publication, Doge is up 24% in the last 24 hours to $0.15. SHIB is up 7.5% at $0.00001323.
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Featured Image: Shutterstock/GrandeDuc
