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.

Pains me to say it but $DOGE probably keeps bleeding until the .08s. I still think this is probably a decent one for this cycle for passive investors but eh pic.twitter.com/9uDMLRmrGk

— Altcoin Sherpa (@AltcoinSherpa) August 28, 2024

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.

Sherpa 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.

$SOL I think that $135-140 should bounce.

All the morons say ‘so it could go up or down’ after a break of $165 but they don’t trade.

A break of 165 would mean price prob goes to 190 in the short term. I still think 120-150 is a good place to accumulate SOL personally pic.twitter.com/Xqp2TWriMy

— Altcoin Sherpa (@AltcoinSherpa) August 28, 2024

Solana is currently priced at $138.