Dogecoin (DOGE) Primed for Another Leg Up, Pseudonymous Analyst Altcoin Sherpa Tells Followers

A closely followed crypto analyst believes that the most popular memecoin by market cap is primed for another leg up.

A closely followed crypto analyst is keeping a close eye on Dogecoin (DOGE), predicting that the meme coin could rally to new highs this cycle.

The pseudonymous analyst, known as Altcoin Sherpa, shared a four-hour chart of DOGE on the social media platform X, highlighting a bullish pattern forming after DOGE bounced off the $0.36 level.

“This is not a bearish chart. You still have time to full port into this one guys. Next leg is coming soon.”

According to Altcoin Sherpa, DOGE could potentially surge towards its all-time high of around $0.74.

“DOGE isn’t that far off now. I actually think this goes back near all-time high again this cycle, something I didn’t think was going to happen. Raise your targets.”

At the time of writing, DOGE is trading at $0.41, up 6.8% over the last 24 hours.

The analyst also shared his thoughts on the market low for Ethereum (ETH) in its Bitcoin pair (ETH/BTC), despite a recent breakout on the four-hour chart.

“Guys, seriously don’t get baited by this ETH/BTC candle. ETH will finally move when BTC is done with its run. Until then, ETH probably continues to grind down and chop. For example, if BTC goes to $120,000 with a god candle, ETH/BTC gets crushed.”

According to the analyst, ETH/BTC is trading at 0.03356 BTC ($3,314) at the time of writing, down 2.19% over the last 24 hours.

Finally, the analyst expressed his belief that Solana (SOL) will outperform other crypto projects this cycle.

“SOL: there is no second best chain this cycle. It has everything you need and the best experience in my opinion. Happy all-time high.”

At the time of writing, Solana is trading at $256, up more than 49% over the last 30 days.