A popular analyst and trader expresses bullish sentiment towards Bitcoin (BTC) while offering his prediction for the memecoin built on the Solana (SOL) blockchain ecosystem.
Starting with Bitcoin, an analyst known by the pseudonym Altcoin Sherpa tells his 219,000 followers on social media platform X that Bitcoin is poised to hit a six-figure price.
“There will be bumps along the way, but BTC’s road to $100,000 is programmed. Don’t get shaken or lose yourself along the way.”
At the time of writing, Bitcoin is trading at $66,236.
According to the popular trader, Bitcoin is enjoying strong support in the $63,800 to $65,000 range, where the 25, 55, 89 and 200 exponential moving averages (EMAs) are clustered on the daily chart.
Next up is Solana’s Popcat (POPCAT) memecoin. A pseudonymous trader and analyst says that among the cat-family of memecoins, POPCAT is one of the “best” in the long term.
However, Altcoin Sherpa says POPCAT looks bearish on the 4-hour time frame in the short term and needs to break above the range lows, which are between $0.694 and $0.724, to avoid further declines.
On January 5th, POPCAT was trading at $0.00379 and is now trading at $0.704, up about 18,475%.
Altcoin Sherpa also offers his take on dogwifhat (WIF), a Solana-based memecoin. According to the pseudonymous analyst, WIF is “looking pretty good so far” on the 4-hour timeframe, with the “best” support zone located around $2.10.
“If I were you, I would probably average between $2.30 and $2.10 and trade at that.”
At the time of writing, WIF is trading at $2.27.
Generated image: DALLE3
