Crypto Analysts Predict 75% Rally for Dogecoin Rivals

A widely followed crypto analyst has predicted a significant rally for a memecoin rival to Dogecoin, suggesting that it could surge by up to 75%. The pseudonymous crypto trader Altcoin Sherpa, who has 244,000 followers on the social media platform X, has stated that if the artificial intelligence (AI)-based meme asset Fartcoin (FARTCOIN) can break out of its current range, it could reach the $0.70 level.

According to Altcoin Sherpa, Fartcoin should hit the $0.55-$0.65 price tag en route to his prediction of $0.70. The analyst also noted that if the crypto industry were to see a marketwide rally that sees Bitcoin (BTC) break above $90,000 once again, Fartcoin would be one of the best tokens to hold alongside layer-1 blockchain Hyperliquid (HYPE) and decentralized finance (DeFi) project Sonic (S).

Another trader known as Trader Tardigrade has also predicted a significant rally for a memecoin rival to Dogecoin, suggesting that it could surge by up to 75%. This forecast comes as Dogecoin faces bearish pressure. The trader's optimism is based on the memecoin's current trading pattern, which indicates a potential breakout. The memecoin has been forming higher lows in the past four hours, and if it stays above the upper trendline, it could reach the $0.2 target. Another analyst, Crypto General, also notes that Dogecoin is gaining momentum, which could lead to a breakout. However, the memecoin is currently trading below the $0.18 resistance, and to reclaim the $0.2 level, it must surpass this resistance.

Altcoin Sherpa's prediction is based on the memecoin's current trading pattern and the potential for a breakout, rather than any specific data or analysis. The trader's forecast is not a guarantee of future performance, and investors should conduct their own research before making any investment decisions.