Crypto Trader Updates Outlook on Dogecoin and Five Altcoins, Says One Top-10 Crypto Eyeing Short-Term Rally

An extensively followed crypto expert is taking a look at popular meme token Dogecoin (DOGE) and 5 other significant altcoins.

Pseudonymous crypto trader Altcoin Sherpa tells their 187,800 Twitter fans that DOGE’s present pump is most likely unsustainable.

“Moving prob due to some Elon news. Do not actually believe this will be a sustainable pump offered the marketplace conditions; most likely can be shorted around $.09.”

Sometimes of composing, Dogecoin is up 8% over the last 24 hr.

Next, the trader shares some ideas on Litecoin (LTC) and Polygon (MATIC).

“Some trade concepts, mainly waiting today.

LTC: Scalp, patiently awaiting $70 if it comes, uncertain if it will or not.

Likewise considering a MATIC swing position.

Stay safe out there homies.”

LTC is presently down 5% on the day while MATIC is down 2% over the exact same duration.

Next, Sherpa looks at layer-1 platform Avalanche (AVAX), calling AVAX unsightly.

“I have not examined this 1 in a bit, I believe it still looks quite unsightly. I do not see any indications of a turnaround presently. With that stated, this is a due time frame location of assistance, so now is not the location to brief it in my viewpoint; would rather simply wait and see.”

AVAX is down 1% on the day sometimes of composing.

Sherpa likewise takes a minute to draw out some theoretical assistance for Universe (ATOM), which is down 1.5% today.

“This is theoretical assistance. Would not short this location.”

Lastly, the expert outlines one top-10 altcoin aiming to rally.

“$330 and after that pullback? Present location is the 200d EMA too so beware. Still, this is 1 of the greatest coins that you can most likely simply purchase and hold for a bit (this is one to actually keep tabs on for 2023). I hold a long-lasting bag of this.”

Binance Coin (BNB) is trading even over the last 24 hr.

Included Image: Shutterstock/IR Stone/MrArtHit