Widely followed pseudonymous Altcoin trader Sherpa says a rival to Dogecoin (DOGE) could make a bigger move higher.
Altcoin Sherpa says its 196,400 followers on social media platform
“PEPE: Good move today, I really didn’t see it coming. The volume profile shows three significant resistance areas, and the first is breaking now. I highly doubt this is a complete reversal, but there may be some more upside in the future. “I would be cautious with this one in general.”
Source: Altcoin Sherpa/X
Looking at your chart, the next resistance level appears to be between the price range of $0.00000078 to $0.000000820.
Pepe is trading at $0.000000716 at the time of writing, up 16.9% in the last 24 hours.
Below, the trader weighs in on Bitcoin (BTC) and says The market remains unclear as the key exponential moving averages (EMAs) converge just above the price of the king of cryptocurrencies, acting as resistance.
“BTC One Day Thoughts: The overall market structure hasn’t changed much in my opinion (in my opinion). We are still forming some sort of weird higher low OR consolidating for the next leg down. The one-day EMA group acts as resistance for now, but there are no clear changes.”
Source: Altcoin Sherpa/X
the trader predict Bitcoin will do it decline to end the year.
“I personally don’t have a very strong opinion regarding where the price is going. Gut says we will go up to $28,000 in the medium term, but I don’t really know. The last recent high set in mid-July was an equal high to the previous one and not really a higher high in my opinion.
I think we’re still in a general party similar to 2019 where we saw a big move up and we’ll see a slow decline over the rest of 2023. Probably a slow decline in my opinion and then we’ll have some good times in December/ January as always.”
Bitcoin is trading at $26,595 at the time of writing, up 0.1% in the last 24 hours.
Lastly, the trader says he is keeping an eye on the AI-based altcoin Worldcoin (WLD). According to Altcoin Sherpa, WLD could be in a position to witness a price drop after a brief rally as it now trades near a key resistance level.
“WLD: Total bullshit, but I think this one peaks lower. I’m in from $1.42.”
Worldcoin is trading at $1.62 at the time of writing, up 7.5% in the last 24 hours.
Don’t miss a thing – sign up to receive email alerts directly to your inbox
Check price action
Follow us Twitter, Facebook and Telegram
Surf Hodl’s Daily Mix
Check out the latest news headlines
 
Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and trading are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is it an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: Halfway through the trip
source: dailyhodl.com
This news is republished from another source.
