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A closely followed crypto strategist and trader says one enterprise solutions project may have more upside potential.
Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform X that Zilliqa (ZIL) may continue its breakout on the weekly chart.
He suggests that the altcoin may be following the lead of dog-themed memecoin dogwifhat (WIF), which is up more than 28% in the last seven days.
“If WIF looks like this, wait till ZIL plays catch up! Way more upside with this type of chart!!”
ZIL is trading for $0.0167 at time of writing, up 15.1% in the last seven days.
Next up, the analyst says WIF may retest lower levels after breaking out.
“WIF: I’d never short this thing in these conditions but I wouldn’t be surprised to see some sort of short term pullback or consolidation at these levels.”
WIF is trading for $2.30 at time of writing, up over 3% in the last 24 hours.
Lastly, the analyst says Bitcoin (BTC) may confirm a bullish pattern on the daily timeframe for the first time in months if it can remain above $65,000.
“Would love to see BTC have a clear strong one day candle up here. That’d further convince me that the one day market structure has been broken and we just hit a higher low/higher high. This is significant and the first time we’ve had a bullish MS (market structure) since March.”
Bitcoin is trading for $66,147 at time of writing, up 1.3% in the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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