Cryptocurrency analysts predicted the future of a little-known cryptocurrency, the value of which increased by 22,000%

A cryptocurrency analyst under the pseudonym Altcoin Sherpa shared his vision of a new memcoin created on the Solana blockchain. The analyst believes that Popcat (POPCAT) has prospects for further growth.

Altcoin Sherpa, who has over 218,000 followers on social network X, remains optimistic about Popcat. According to him, cat memecoins will be successful and will catch up with other digital assets on the market.

However, the analyst warns that if Popcat forms a head-and-shoulders pattern on the four-hour chart, the token’s value could drop significantly. Such a formation is usually considered a downward signal in technical analysis.

Altcoin Sherpa also gave his opinion on Dogecoin (DOGE). He believes that Dogecoin has reached the bottom and is now in a consolidation phase before possible growth.

The analyst also predicts an increase in Ethereum (ETH) volatility after the approval of spot ETFs on Ethereum in the United States. He believes that support at $ 3,350 could be a good point to enter a long position.