A widely followed cryptocurrency analyst and trader offers predictions for two Layer 1 altcoins while taking a bullish view on one memecoin.
An analyst known by the pseudonym Brandts told his 287,700 followers on social media platform X that Dogecoin (DOGE) “remains very strong.”
Based on Brandts’ four-hour chart, the pseudonymous analyst appears to be suggesting that Dogecoin could soar nearly 60%, with the price reaching $0.22.
At the time of writing, Dogecoin is trading at $0.138, up more than 20% in the past two weeks.
A widely followed analyst further stated:
“Dogecoin is the new mega-cap market leader.
You may not have noticed it yet, but you will soon. ”
Next is Solana (SOL). Brandts said that despite the recent bearish sentiment in the crypto market, the fact that Solana only declined slightly and did not fall below the significant resistance level it recently overcame on the daily time frame is a testament to Solana's strength. He said it shows.
“The chances of fraud are decreasing day by day.”
At the time of writing, Solana is trading at $166.
Next is SUI. The pseudonymous analyst, who regularly applies Elliott wave theory in technical analysis, says the Sui could be on the verge of reaching an all-time high in a corrected five-wave pattern. According to Elliott Wave Theory, the main trends in asset prices move in a five-wave pattern, and corrections occur in a three-wave pattern.
Based on Bluntz's chart, analysts seem to be suggesting that Sui's price could reach $2.80, about 48% higher than its current price.
At the time of writing, Sui is priced at $1.89.
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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