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.
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