Altcoin Sherpa Predicts More Decline for Dogecoin, Solana to Hit $190 if Resistance Breaks
Crypto analyst Altcoin Sherpa is forecasting further declines for Dogecoin (DOGE), a prominent memecoin.
According to Sherpa, Dogecoin could drop over 10% from its current price, building on its recent 20% decline this month.
Sherpa’s analysis suggests that Dogecoin might continue to weaken, potentially reaching the $0.08 range. Despite this, he notes that it could still be a viable option for long-term investors.
Key support levels for Dogecoin to watch are $0.0998, $0.0855, and $0.0736, with the coin currently trading at $0.101.
READ MORE:
Cardano’s Chаng Hard Fork is Almost Here – Here is What You Need to KnowSherpa also shares insights on Solana (SOL), predicting that it might approach the $190 mark if it manages to break through resistance at approximately $165. He advises that $120 to $150 is a good range for accumulating SOL.
Solana is currently priced at $138.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Altcoin, Once a Rising Star, Has Now a Major User Decline
One of the most talked about altcoins of all time has lost a significant number of users in recent months. Why?
Operation Announcement from CFTC Also Concerning Cryptocurrencies
The US Commodity Futures Trading Commission (CFTC) shared a decision that also concerns cryptocurrencies in its announcement.
SEC Approves BlackRock’s Bitcoin ETF Options Trading on Nasdaq
Indian Supreme Court recovers YouTube account from XRP scammers
Trending news
MoreCrypto prices
More
