A widely followed analyst and trader is expressing bullish sentiment on Bitcoin (BTC) while offering his outlook on a memecoin built on the Solana (SOL) blockchain ecosystem.
Starting with Bitcoin, the analyst pseudonymously known as Altcoin Sherpa tells his 219,000 followers on the social media platform X that Bitcoin is primed to reach a six-figure price.
“There will be bumps long the way but the road for BTC to $100,000 is programmed. Don’t get shaken out and lose yourself along the way.”
Bitcoin is trading at $66,236 at time of writing.
According to the widely followed trader, Bitcoin enjoys strong support at between the $63,800 to $65,000 price where the 25, 55, 89 and 200 exponential moving averages (EMAs) on the daily chart have clustered.
Next up is the Solana-based memecoin Popcat (POPCAT). The pseudonymous trader and analyst says that among the feline family of memecoins, POPCAT is one of the “better ones” over the long term.
Altcoin Sherpa, however, says that POPCAT appears bearish on the four-hour time frame over the short term and needs to climb above a range low that lies between $0.694 and $0.724 to avoid falling further.
POPCAT was trading at $0.00379 on January 5th and is now at $0.704 – a gain of approximately 18,475%.
Altcoin Sherpa also offers his outlook on dogwifhat (WIF), a Solana-based memecoin. According to the pseudonymous analyst, WIF “still looks pretty good for now” on the four-hour timeframe with the “better” support zone located at around $2.10.
“Would probably average in from $2.30 – $2.10 if I were you and swing trade this one.”
WIF is trading at $2.27 at time of writing.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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