Crypto Trader Says One Low-Cap Altcoin Has ‘Way More Upside,’ Updates Outlook on Bitcoin and dogwifhat
A closely followed crypto strategist and trader says one enterprise solutions project may have more upside potential.
Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform X that Zilliqa ( ZIL ) may continue its breakout on the weekly chart.
He suggests that the altcoin may be following the lead of dog-themed memecoin dogwifhat ( WIF ), which is up more than 28% in the last seven days.
“If WIF looks like this, wait till ZIL plays catch up! Way more upside with this type of chart!!”
Source: Altcoin SherpaZIL is trading for $0.0167 at time of writing, up 15.1% in the last seven days.
Next up, the analyst says WIF may retest lower levels after breaking out.
“WIF: I’d never short this thing in these conditions but I wouldn’t be surprised to see some sort of short term pullback or consolidation at these levels.”
Source: Altcoin SherpaWIF is trading for $2.30 at time of writing, up over 3% in the last 24 hours.
Lastly, the analyst says Bitcoin ( BTC ) may confirm a bullish pattern on the daily timeframe for the first time in months if it can remain above $65,000.
“Would love to see BTC have a clear strong one day candle up here. That’d further convince me that the one day market structure has been broken and we just hit a higher low/higher high. This is significant and the first time we’ve had a bullish MS (market structure) since March.”
Source: Altcoin SherpaBitcoin is trading for $66,147 at time of writing, up 1.3% in the last 24 hours.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Teen’s Memecoin Turns $462 into $1M for a Crypto Investor
SEC Delays Decision on Franklin Templeton’s Bitcoin and Ethereum Index ETF
Is Ethereum Poised for a Comeback? Analysts See Potential Amid Underperformance
Bitcoin is inches away from cracking all-time high against gold
If gold remains steady today, a single move from bitcoin to $98,500 would do it