- Bitcoin’s continued pump gives bullish waves for altcoins.
- DOGE and SHIB show strong indicators for major pumps ahead.
- Analyst expects DOGE price to hit cycle target of $5 – $10.
Bitcoin’s strong rally has encouraged altcoins across the board to pump accordingly. Most recently, Bitcoin set its latest ATH at $95,655 bringing it the closest the pioneer cryptocurrency has ever been to a 6-digit ATH. Analysts are certain that the next ATH set by Bitcoin (BTC) will surpass $100,000 and could even set a new ATH at $110,000.
Crypto Market Maintains ‘Extreme Greed’ Score
Following Bitcoin’s lead this week are many altcoins including Cardano (ADA) and Ripple’s XRP. Both assets have shot by around 200% over the last month as Bitcoin set over 7 ATHs in the last 25 days. Presently, this bullish sentiment has maintained a Crypto Greed & Index score in the 90s range.
The current ‘Extreme Greed’ sentiment with a bullish score of 93 is also encouraging other altcoins to pump. In detail, VeChain (VET) has pumped by over 100% in the last 30 days, while VeChainThor (VTHO) has gone up by over 66% in about the same time. Analysts are looking to other potential altcoins that could pump parabolically on the coming altseason.
SHIB and DOGE Prepare for Major Gains
As we can see from the post above, this analyst expects SHIB’s 1d chart to showcase another confirmed bullish pattern that could lead to yet another major upside move as prices continue to hold well broken out of key resisting structures. He expects a $0.000081 target to be hit int he coming months leading to 3x gains or a pump over 216%.
Similarly, the analyst in the post above highlights significant gains ahead for Dogecoin (DOGE). In detail, he says that DOGE has formed a High Tight Flag Pattern, a rare but bullish indicator signaling significant upward price movement. He expects $1 DOGE price to arrive soon and a cycle top prediction of $5 – $10 for DOGE.
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