A generally followed trader believes that a Layer-1 decentralized Exchange (Dex) Altcoin is preparing for meetings to new all time.
Pseudonymous analyst Altcoin Sherpa tells his 248,500 followers on the social media platform X that he thinks Hyperliquid (hype) looks very strong despite the recent market -wide correction.
The trader to see For the time being, hype consolidates close to the highlights before you unblock a fresh leg on the way to a new record high.
“Hype currently has insane power, it was bought quickly. Wouldn’t be surprised to see a little more heels here, but $ 50+ is intended, even in these crazy times.”
At the time of writing, hype is worth $ 40.44.
While Altcoin Sherpa Bullish is about hype, he says he is Bearish on two Solana (SOL) -based memecoins. The trader notes that Dogwifhat (WIF) and Popcat (Popcat) are both in the middle of a falling trend and can fall to much lower levels if BTC does not print new all-time highlights.
“Moment of truth for many of these [coins] soon; That could just have been a lower high. It all becomes dependent on BTC. When we see it shooting through the highlights, we go up again. If not, Alts will probably go [down] Another 30-50%. Can see some examples with WIF, Popcat. “
Based on the graph of the trader, he seems to predict that Popcat could fall to $ 0.22. Popcat is worth $ 0.31 at the time of writing.
Looking at the graph of the trader, he seems to suggest that Wif could fall to $ 0.60. At the time of writing, WIF acts for $ 0.839.
Follow us on X” Facebook And Telegram
Don’t miss a beat – Subscribe to get e -mail notifications directly to your inbox
Check price promotion
Surf the Daily Hodl -Mix
Generated image: dalle3