A popular crypto analyst, known as Altcoin Sherpa, is predicting a big year for Dogecoin (DOGE), even though it’s currently struggling.
Dogecoin’s Painful Downtrend
Sherpa says DOGE is in a deep bear market, having dropped below a key technical level called the 200-week EMA. He believes it’s going to be a painful ride, but he’s still bullish on DOGE in the long run.
Bitcoin’s Bounce or Bust?
Turning to Bitcoin (BTC), Sherpa says it’s likely to bounce back after falling below its 200-day EMA. However, he’s not ruling out further dips. He’s keeping a close eye on how Bitcoin behaves around this key level. If it breaks through, he expects Bitcoin to reach $63,000. But if it fails, we could see Bitcoin test the $50,000 range.
Ethereum Looks Good
Finally, Sherpa is optimistic about Ethereum (ETH). He says it’s looking strong after bouncing back and reclaiming its 200-day EMA.
Remember: This is just one analyst’s opinion. Do your own research before investing in any cryptocurrency.
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