By The Daily Hodl - 1 year ago - Reading Time: 2 minutes
Top Crypto Analyst Says Dogecoin (DOGE) Looks Good To Go Much Higher – Here’s His Target
A closely followed crypto analyst believes top meme altcoin Dogecoin (DOGE) is gearing up for a strong surge.
Pseudonymous analyst Cantering Clark tells his 156,700 Twitter followers that DOGE looks bullish as it continues to stay above its multi-month support of around $0.07.
According to the crypto strategist, he believes traders would eventually rotate their altcoin profits into DOGE, sparking a rallying toward his target at $0.10.
“There is simply no way that we see sector rotations and sustained pumps without seeing DOGE catch a bid.
Multi-month value is holding as support.
Lows back through November probed and then reclaimed.
Looks good for much higher.”
Source: Cantering Clark/TwitterAt time of writing, DOGE is changing hands for $0.0768, suggesting an upside potential of nearly 30% should the leading memecoin hit Cantering Clark’s target.
Cantering Clark is also bullish on the player-controlled blockchain game GALA (GALA). The crypto strategist believes that GALA will continue to rally even after the altcoin’s massive 145% surge to start the year.
“My guess is GALA just keeps pumping way more than people expect and is the outlier of this rally.
It is already undoing any micro-levels that it put in on the way down, very quickly. Does not remind of something that is just going to roll over.
Funding going negative again.”
Source: Cantering Clark/TwitterAt time of writing, GALA is switching hands for $0.0386, down about 6% in the last 24 hours.
Another altcoin on the trader’s radar is the blockchain-based gaming ecosystem The Sandbox (SAND). According to Cantering Clark, SAND is likely setting the stage for bullish continuation.
“Look at what APT [Aptos] did on its own reclaim of a local range.
SAND is setting up the same. Expecting fireworks, and this team is still active on socials so engineering a move higher is probably in the cards.”
Source: Cantering Clark/TwitterAt time of writing, SAND is switching hands for $0.517, still above Cantering Clark’s invalidation level.
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Original source: The Daily Hodl