A Crypto Strategist Predicts Upside Potential for Zilliqa (ZIL) and Bitcoin (BTC)
A well-known crypto strategist and trader, Altcoin Sherpa, recently shared insights on potential price movements for various cryptocurrencies, including Zilliqa (ZIL), dog-themed memecoin dogwifhat (WIF), and Bitcoin (BTC).
Zilliqa (ZIL) Shows Breakout Potential
Altcoin Sherpa highlighted that Zilliqa (ZIL) might be gearing up for a breakout on the weekly chart, drawing comparisons to the recent performance of dogwifhat (WIF), which surged over 28% in the last seven days. With ZIL currently trading at $0.0167, up 15.1% in the same period, the analyst suggested that ZIL could see significant upside potential in the near future.
dogwifhat (WIF) and Bitcoin (BTC) Analysis
Altcoin Sherpa also shared insights on dog-themed memecoin dogwifhat (WIF), indicating a potential retest of lower levels after its recent breakout. Despite not recommending shorting WIF in its current conditions, the analyst suggested the possibility of a short-term pullback or consolidation at current levels. Additionally, Altcoin Sherpa discussed Bitcoin’s (BTC) price action, noting the significance of the cryptocurrency confirming a bullish pattern on the daily timeframe above $65,000. A clear strong one-day candle could signal a break in the market structure, marking the first bullish market structure since March.
Current Market Outlook
At the time of writing, Zilliqa (ZIL) was trading at $0.0167, dogwifhat (WIF) at $2.30, and Bitcoin (BTC) at $66,147. While ZIL and WIF showed positive price movements, Bitcoin’s potential bullish market structure has garnered attention from traders and analysts alike.
Stay Updated with Crypto Insights
For more crypto analysis and market updates, follow Altcoin Sherpa on social media platforms like X. Don’t miss out on the latest trends and price movements in the cryptocurrency space.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney