As Bitcoin hovers around $46K, altcoins have taken off in the past couple of days. Alts Cardano and Solana are making higher highs from a week and are fueling to hit new ATH.
Popular pseudonyms analyst Pentoshi in his recent tweet makes a bullish case for Solana(SOL), Dogecoin(DOGE) and it’s competitor Shiba Inu(SHIB). Additionally he also gives his two cents on Bitcoin and Ethereum.
The analyst says, after clearing out resistance at $0.23 and converting it to support, Dogecoin (DOGE) is poised to rise to $0.42.
“DOGE about to melt faces. I don’t make the rules, and certainly won’t bet against meme culture, Elon Musk, and Mark Cuban.”
Smart contract platform Solana (SOL) is another currency on the trader’s radar, which he describes as the “most bullish asset in the space right now.”
However, he says even though he is bullish on SOL, it isn’t the best time to buy as it has just pumped 26%.
He further opines, after a brief consolidation early in the week, a new weekly low and a fall can be looked for. Although, there’s a lot of upside coming.
Shiba Inu (SHIB)
Next up on the list is the Doge competitor Shiba Inu. The analyst says, SHIB is expected to rise 33 percent from its current price of $0.000009 to $0.000012.
The analyst also chimed in on BTC price action. He believes, Bitcoin in the coming days will correct as it trades around major resistance at $48K.
As for Ethereum, he says, the second-largest crypto asset is also expected to cool off and print a higher low at $2,800.