Dogecoin (DOGE)
Despite the recent market correction, crypto strategist Altcoin Sherpa believes Dogecoin remains bullish. The analyst notes that DOGE has held above a crucial support level on the weekly chart, suggesting a potential 60% rally to $0.32.
Ether.fi (ETHFI)
Altcoin Sherpa is also optimistic about Ether.fi, the native asset of an Ethereum-based liquid staking protocol. He predicts a bounce for ETHFI as long as it trades above $4.75, targeting a price of $6.70.
Wormhole (W)
The analyst is monitoring Wormhole, a cross-chain messaging protocol. He observes a rounding bottom reversal pattern on the hourly time frame, indicating potential for significant gains if Bitcoin remains stable.
Prom (PROM)
Finally, Altcoin Sherpa discusses Prom, a layer-2 interoperability protocol. He notes that PROM is consolidating within a range of $9.50 to $14.95 and recommends waiting for a clear breakout before taking a position.
