A generally followed Crypto analyst warns that one Dogecoin (Doge) competitor can suddenly collapse in value.
In a new thread, pseudonymous crypto trader Altcoin Sherpa tells Are 248,700 followers on the social media platform X that Dogwifhat (WIF) must hold $ 0.78 as support or it can enter into a perish phase.
“Wif these levels must be here or it is up to the Gulag for many of these shitcoins. Engine situation and many of these have Beerarish market structures in the lower time frames.”
Wif acts for $ 0.7791 at the time of writing, flat in the day.
Next, the analyst stock A graph that suggests that Bitcoin (BTC) is preparing for a huge outbreak in the direction of a new highest peak of $ 124,000.
“Everything is slowly bleeding with BTC heels. It would be a shame …”.
He too out That he stays bullish on Bitcoin, because the flagship Crypto assets continues to show market strength in the midst of challenging macro -economic factors.
“War. No tariff reductions. And BTC is still above $ 100,000? Bullish.”
The analyst warns That bitcoin can have a sudden correction if unexpected negative economic news breaks.
“Not really hurrying to too many positions. Currently under water on a number of recent purchases, but that is OK. I think you can afford to be patient in general. BTC is still in an uncertain area and of course a bad tweet can send us sub $ 100,000 quickly. Would use this time to rest and investigate.”
Bitcoin acts for $ 104,173 at the time of writing, flat in the day.
Finally, the analyst out That Layer-1 Protocolhyperliquid (Hype) may not have found a local soil yet and can re-test the Fibonacci retracement level at $ 31.84.
“Hype withdraws a bit, I think this thing goes to the low $ 30s if BTC continues to bleed and heels. Yet it is one of the best coins this cycle and I think it will eventually be much higher. I will still keep it a lot.”
At the time of writing, hype is traded for $ 36.29, a decrease of 7.3% in the last 24 hours.
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Generated image: dalle3