Cryptocurrency analyst Altcoin Sherpa expects continued bullishness in Dogecoin, Ethereum and the altcoin, which has outperformed the overall crypto market this month.
Anonymous crypto analyst Altcoin Sherpa told his more than 185,000 Twitter followers that he thinks the rise in the price of Dogecoin has been strengthened by the influence of Elon Musk’s purchase of Twitter.
“Recently it has been stripped of the downward move and is continuing to rise. Generally DOGE leading the market is a bad sign, but given the development of Elon Musk on Twitter I think there are some different circumstances.”
DOGE has surpassed the analyst’s target with its big breakout at the time of writing, rising above $0.10. At this point, it should be noted that the analyst’s analysis is valid in the daily time frame and that the daily candle closing above $ 0.08840 is required for the price to continue to rise.
Altcoin Sherpa is now eyeing Ethereum, the leading smart contract platform and the second largest crypto by market cap. Altcoin Sherpa expects Ethereum to rise even higher.
“I still think it will go higher because for a while, ETH price has been consolidating around $1,300. I expect it to cross the $1,600 level at least.”
The third altcoin on the analyst’s list is SUSHI, the native asset of decentralized cryptocurrency exchange SushiSwap. Altcoin Sherpa expects the rise in SUSHI to continue, reaching $1.87, which is supported at $1.58.
SUSHI is trading at $1.72, up 6.42 percent in the last 24 hours at the time of writing. Altcoin ranks 130th in the list of the largest cryptocurrencies with a market capitalization of $ 220.9 million. The fact that SUSHI reaches the level indicated by the analyst in the short term means that the current prices rise above 7%.