Trader Says Altcoin That’s Up Over 20x in Under Five Weeks Still Has Upside, Updates Outlook Dogecoin and Pepe
A closely followed crypto analyst believes that one red-hot Solana ( SOL )-based memecoin still has more upside potential.
Pseudonymous analyst Altcoin Sherpa tells his 228,800 followers on the social media platform X that Goatseus Maximus ( GOAT ) may soon break out of the upper bound of a trading range.
“GOAT got flipped by Act I:The AI Prophecy (ACT) briefly but still feel like it has greater upside in the longer term. Consolidation at this area between $0.75 and $1 is a decent spot to get in my opinion. Still feel this goes to higher targets (I have a bag).”
Source: Altcoin Sherpa/X
GOAT is trading for $0.907 at time of writing, a more than 20x gain from its low of $0.0435 on October 13th.
Next up, the analyst is turning bullish on Pepe ( PEPE ) after the memecoin bounced after a retest of the $0.00001897 Fibonacci retracement level.
“I’m long PEPE again and already up 12%. I never got filled on my lower bids and finally just aped around $0.000022. I’m pretty much only using funding rates plus technical analysis as a signal. You guys are aping too much/we see some shake out/funding resets and then I long. The end.”
Source: Altcoin Sherpa/X
PEPE is trading for $0.0000224 at time of writing, up 23.5% in the last 24 hours.
Lastly, he says Dogecoin ( DOGE ) may rally but its relatively large size market cap means other memecoins have the potential to put up much larger gains this cycle.
“DOGE is a great meme and I do agree this one is a strong one. Target wise, I have no idea, but it should still have a few x left in it. Are you going to get rich doing this at this market cap? Probably not. But if you’re a whale and want to size in, this is a decent one in my opinion.”
DOGE is trading for $0.39 at time of writing, up 3.3% in the last 24 hours.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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