In a market correction, a well-known trader, known as Sherpa, remains bullish on the meme cryptocurrency Dogecoin (DOGE). Sherpa, with over 214,200 followers on X social media platform, plans to accumulate Dogecoin and advises buying it down to $0.15 and holding on for potential gains later this year. With Dogecoin currently trading at $0.167, it is close to Sherpa’s suggested accumulation level, indicating a potential opportunity for investors.
Regarding Bitcoin (BTC), Sherpa predicts a range trade between $73,000 and $60,000 before an upward move towards new all-time highs. While the analyst remains bullish on BTC on high time frames, he expresses a bearish sentiment towards altcoins, expecting lower levels for many of them. As Bitcoin trades at $66,536, down almost 6% in the last day, the volatility in the market provides both risks and opportunities for traders and investors to navigate.
Additionally, Sherpa discusses the meme asset Pepe (PEPE) and anticipates a further drop in its value towards the 0.618 Fibonacci level at $0.00000468. Pepe is currently trading at $0.000006, reflecting a significant decline of over 23% in the past 24 hours. Sherpa’s insights and recommendations provide a unique perspective on the current market conditions, offering valuable guidance for individuals looking to navigate the volatile cryptocurrency landscape and capitalize on potential opportunities.