An anonymous analyst and trader is feeling optimistic about a prominent memecoin while sharing insights on two top-10 altcoins by market cap.
The analyst, known as DonAlt, expressed his bullish stance on Dogecoin (DOGE) in a recent update to the 62,700 subscribers of the TechnicalRoundup YouTube channel. He believes that DOGE could potentially surge by approximately 165% from its current price.
“Is Dogecoin heading to a dollar? I still believe so. Yes.”
At the time of writing, Dogecoin is trading at $0.378, marking a significant increase of around 90% over the past week.
DonAlt highlighted that Dogecoin faces a key resistance level on its way to reaching his target price.
“Dogecoin remains robust… As long as the cryptocurrency market maintains its momentum, which I anticipate will continue for a few weeks, higher price targets seem plausible. Like hitting $0.58 first and then aiming for the meme-worthy $1 level.”
Shifting focus to XRP, DonAlt suggested that if the seventh-largest cryptocurrency by market cap continues its upward trend, it could potentially surge by up to 300% from its current value.
“It’s currently experiencing a monthly breakout. If this momentum persists… there aren’t many significant resistance levels ahead. There’s one at $1.50, which is a 2x increase, and another at $3.60, representing a 4x jump. It’s a clear trade opportunity, which is why I’m closely monitoring it.”
As for Solana (SOL), the analyst noted that while SOL is facing challenges in sustaining its breakout above $200, it could receive a significant boost if Bitcoin (BTC) continues its upward movement.
“It’s the most significant range breakout we’ve seen in a while, with all eyes on it, but it hasn’t shown much strength. It’s not the most promising sign for SOL, but technically, as long as it holds above $180, there’s a bullish outlook… However, compared to other assets, SOL seems relatively weak at the moment.”
Solana is currently priced at $214, showing a modest increase of less than 10% over the past week.
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