Crypto Trader Updates Outlook on Dogecoin and Five Altcoins, Says One Top-10 Crypto Eyeing Short-Term Rally

A broadly adopted crypto analyst is taking a look at in style meme token Dogecoin (DOGE) and 5 different main altcoins.

Pseudonymous crypto dealer Altcoin Sherpa tells their 187,800 Twitter followers that DOGE’s present pump is probably going unsustainable.

“Moving prob as a consequence of some Elon information. Don’t actually suppose this can be a sustainable pump given the market circumstances; in all probability might be shorted round $.09.”

Source: AltcoinSherpa/Twitter

At time of writing, Dogecoin is up 8% over the past 24 hours.

Next, the dealer shares some ideas on Litecoin (LTC) and Polygon (MATIC).

“Some commerce concepts, largely ready proper now. 

LTC: Scalp, patiently ready for $70 if it comes, unsure if it’s going to or not.

Also eyeing a MATIC swing place. 

Stay secure on the market homies.”

Source: AltcoinSherpa/Twitter
Source: AltcoinSherpa/Twitter
Source: AltcoinSherpa/Twitter

LTC is presently down 5% on the day whereas MATIC is down 2% over the identical interval.

Next, Sherpa looks at layer-1 platform Avalanche (AVAX), calling AVAX ugly.

“I haven’t checked this 1 in a bit, I feel it nonetheless appears fairly ugly. I don’t see any indicators of a reversal presently. With that stated, this can be a excessive timeframe space of help, so now shouldn’t be the world to quick it for my part; would somewhat simply wait and see.”

Source: AltcoinSherpa/Twitter
Source: AltcoinSherpa/Twitter

AVAX is down 1% on the day at time of writing.

Sherpa additionally takes a second to draw out some theoretical help for Cosmos (ATOM), which is down 1.5% in the present day.

“This is theoretical help. Wouldn’t quick this space.”

Source: AltcoinSherpa/Twitter

Finally, the analyst outlines one top-10 altcoin seeking to rally.

“$330 and then pullback? Current space is the 200d EMA too so be careful. Still, that is 1 of the strongest cash that you may in all probability simply purchase and maintain for a bit (that is one to essentially preserve tabs on for 2023). I maintain a long-term bag of this.”

Source: AltcoinSherpa/Twitter

Binance Coin (BNB) is buying and selling even over the past 24 hours.

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Featured Image: Shutterstock/IR Stone/MrArtHit

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