Memecoins Dogecoin and Shiba Inu Set for Bullish Run, Analyst Says

A crypto analyst known as Altcoin Sherpa predicts that Dogecoin (DOGE) and Shiba Inu (SHIB) are poised for significant gains.

DOGE and SHIB: Long-Term Potential

Altcoin Sherpa believes both memecoins have undergone a lengthy accumulation phase and are now ready for a surge. However, he cautions that they are unlikely to reach their previous all-time highs due to their current market capitalization.

“Both DOGE and SHIB have had almost two years in accumulation and I expect both to have huge runs sometime this year in 2024-2025,” he said.

Technical Analysis

Altcoin Sherpa’s chart analysis suggests that SHIB is poised to break above the $0.00001056 level and move towards $0.00001484.

Bitcoin: Dip Expected

The analyst also predicts that Bitcoin (BTC) will experience a pullback after facing resistance around its previous all-time high of $69,000.

“BTC: the next area up is probably $60,000… There should
be some sort of pullback around all-time highs,” he stated.

Worldcoin: Bearish Warning

Altcoin Sherpa warns that the AI-related altcoin Worldcoin (WLD) could decline by over 33% from its current value due to a bearish pattern.

“I think this is going to be one of the best coins to short… This thing dumps hard if the market starts going down,” he said.