Crypto Analyst Predicts Rises for Dogecoin and Other Altcon

Popular but pseudonymous analyst Altcoin Sherpa is currently bullish on two altcoins. First he mentions Dogecoin, which he said rose above a crucial support point on the weekly chart after hitting a seven-day low of $0.169.

With that support still alive on the weekly chart, Altcoin Sherpa sees Dogecoin rise by almost 60 percent.

$DOGE: held above this weekly level for now, resume the pump to $.32

I think being long DOGE is a completely reasonable idea and I think that its one of the safer trades you can do. Probably outperforms a lot of other stuff too tbh

— Altcoin Sherpa (@AltcoinSherpa) April 7, 2024

Rise coming for Dogecoin?

“Dogecoin has remained above its support on the weekly chart and may now resume gains towards $0.32. I think a long position on Dogecoin is a very reasonable idea and one of the safest bets you can take.

That will probably work out better than a lot of other things,” said Altcoin Sherpa.

At the time of writing, Dogecoin is trading at $0.2012 and is forecast to have risen modestly by 1.86 percent over the past 24 hours.

Measured over the entire week, there is still a small decrease of 0.48 percent. The near future will show whether Altcoin Sherpa is right with his bet on Dogecoin. After all, these types of coins remain extremely unpredictable.

Bullish over Ether.fi

Next up, Altcoin Sherpa is bullish on Ether.fi (ETHFI), an Ethereum-based liquid staking protocol. Altcoin Sherpa says ETHFI is in a position to start an increase as long as it can stay above $4.75.

“I bought ETHFI around this price, I find the graph interesting and it is a new coin that seems to form a temporary bottom. I will sell this around $6.70 with a stop below the lows (close below $4.75 on the higher timeframes and I will sell),” the analyst said.

$ETHFI: I bought around here. I like the chart + its a new coin and looks like it’s forming a mid term bottom. Will be selling this around $6.70 ish w. a stop below the lows (HTF close below $4.75 = I’m out). pic.twitter.com/g2o3bDvWzI

— Altcoin Sherpa (@AltcoinSherpa) April 6, 2024

It is now two days later and ETHFI is almost at the analyst’s sales target at $6.66. That could easily be tapped today.

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