Crypto Trader Updates Outlook on Dogecoin and Five Altcoins, Says One Top-10 Crypto Eyeing Short-Term Rally – Crypto News – Crypto News
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Crypto Trader Updates Outlook on Dogecoin and Five Altcoins, Says One Top-10 Crypto Eyeing Short-Term Rally Crypto Trader Updates Outlook on Dogecoin and Five Altcoins, Says One Top-10 Crypto Eyeing Short-Term Rally

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Crypto Trader Updates Outlook on Dogecoin and Five Altcoins, Says One Top-10 Crypto Eyeing Short-Term Rally – Crypto News

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3 years ago

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A widely followed crypto analyst is looking at popular meme token Dogecoin (USD) and five other major altcoins.

Pseudonymous crypto trader Altcoin Sherpa tells their 187,800 Twitter followers that DOGE’s current pump is likely unsustainable.

“Moving problem due to some Elon news. Don’t really think this will be a sustainable pump given the market conditions; probably can be shorted around $.09.”

Source: AltcoinSherpa/Twitter

At the time of writing, Dogecoin is up 8% over the last 24 hours.

Next, the trader shares some thoughts on LitecoinLTC) and Polygon (Matic,

“Some trade ideas, mostly waiting right now.

LTC: Scalp, patiently waiting for $70 if it comes, not sure if it will or not.

Also eyeing a MATIC swing position.

Stay safe out there homies.

Source: AltcoinSherpa/Twitter
Source: AltcoinSherpa/Twitter
Source: AltcoinSherpa/Twitter

LTC is currently down 5% on the day while MATIC is down 2% over the same period.

Next Sherpa looks at layer-1 platform Avalanche (Avax), calling AVAX ugly.

“I haven’t checked this 1 in a bit, I think it still looks pretty ugly. I don’t see any signs of a reversal currently. With that said, this is a higher time frame area of ​​support, so now is not the area to short it in my opinion; would rather just wait and see.

Source: AltcoinSherpa/Twitter
Source: AltcoinSherpa/Twitter

AVAX is down 1% on the day at the time of writing.

Sherpa also takes a moment to draw out some theoretical support for Cosmos (atom), which is down 1.5% today.

“This is theoretical support. Wouldn’t short this area.

Source: AltcoinSherpa/Twitter

Finally, the analyst outlines one top-10 altcoin looking to rally.

“$330 and then a pullback? Current area is the 200d EMA too so watch out. Still, this is 1 of the strongest coins that you can probably just buy and hold for a bit (this is one to really keep tabs on for 2023). I hold a long-term bag of this.”

Source: AltcoinSherpa/Twitter

Binance Coin (bnb) is trading even over the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/IR Stone/MrArtHit

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