One of the most popular traders believes that an altcoin layer-1 DEX is preparing to reach new highs.
Pseudonymous Altcoin Sherpa told his 248.500 followers via the social media platform X he thought Hyperliquid (HYPE), despite recent corrections in the market, looked very solid.
The trader believes that HYPE will consolidate near the current highs before igniting a renewed leg-up en route towards a record high.
This one was snapped up very quickly. Even in these insane times, $50+ will be the outcome.
As of the time this article was written, HYPE’s value is $40.44.
Altcoin sherpa says that he is bearish on the two Solana-based memecoins. Dogwifhat and Popcat are in a downward trend, and could fall to lower levels as BTC does not reach new highs.
Moment of truth is coming for many [coins]; it could just have been an lower high. Everything will depend on BTC. We’ll go up again if it reaches the previous highs. Alts will probably drop another 30-50% if not. You can see examples using WIF and POPCAT .”
According to the chart of the trader, it seems that he predicts POPCAT will fall as low as $0.22. As of the time this article was written, POPCAT’s value is $0.31.
The trader seems to be suggesting that WIF may fall to just $0.60. WIF was trading at $0.839.
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Sources of Images: Pixabay Creative Commons DALLE3
The post This Post Trader Says Layer-1 Altcoin is “Destined” for New All-Time High and Warns about Potential 50% Corrections for POPCAT and WIF may change as new information becomes available.
