Trader Bullish on Dogecoin Despite Market Correction, Bitcoin Expected to Range Trade

The popular trader known as Sherpa is making waves in the cryptocurrency world with his bullish stance on Dogecoin (DOGE) despite the recent market correction. With over 214,000 followers on the social media platform X, Sherpa is confident in his prediction that Dogecoin will see significant gains in the near future.

According to Sherpa, the key to success with Dogecoin is to buy in at $0.15 and hold onto the meme coin for the current cycle. He believes that Dogecoin has the potential to make some “silly” moves later this year, indicating a strong belief in the coin’s future performance.

At the time of writing, Dogecoin is trading at $0.167, very close to Sherpa’s recommended accumulation level. This suggests that now could be a prime opportunity for investors to follow Sherpa’s lead and get in on the action.

In addition to his positive outlook on Dogecoin, Sherpa also shared his thoughts on Bitcoin (BTC) and meme asset Pepe (PEPE). He predicts that Bitcoin will continue to range trade between $73,000 and $60,000 before making a significant upward move. As for Pepe, Sherpa believes that the meme token will drop to the 0.618 Fibonacci level at $0.00000468.

While Bitcoin is currently trading at $66,536, down nearly 6% in the past day, Pepe is trading at $0.000006, down over 23% in the last 24 hours. Despite these short-term fluctuations, Sherpa remains optimistic about the long-term potential of both assets.

Overall, Sherpa’s insights provide valuable guidance for investors looking to navigate the volatile cryptocurrency market. By staying informed and following the advice of experienced traders like Sherpa, investors can make more informed decisions and potentially capitalize on the opportunities presented by digital assets like Dogecoin, Bitcoin, and Pepe.