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Trader Says One Layer-1 Altcoin ‘Destined’ for New All-Time High, Warns of Potential 50% Correction for WIF and POPCAT – The Daily Hodl

16 June 2025
in Altcoin
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A broadly adopted dealer believes {that a} layer-1 decentralized trade (DEX) altcoin is gearing up for rallies to new all-time highs.

Pseudonymous analyst Altcoin Sherpa tells his 248,500 followers on the social media platform X that he thinks Hyperliquid (HYPE) seems to be very sturdy regardless of the current marketwide correction.

The dealer sees HYPE consolidating near the highs for now earlier than igniting a contemporary leg up en path to a brand new report excessive.

“HYPE has insane power proper now, this one obtained purchased up rapidly. wouldn’t be shocked to see a bit extra chop round right here however $50+ is destined, even in these loopy instances.”

Supply: Altcoin Sherpa/X

At time of writing, HYPE is value $40.44.

Whereas Altcoin Sherpa is bullish on HYPE, he says he’s bearish on two Solana (SOL)-based memecoins. The dealer notes that dogwifhat (WIF) and Popcat (POPCAT) are each within the midst of a downtrend and should drop to a lot decrease ranges if BTC fails to print new all-time highs.

“Second of reality for a lot of of those [coins] quickly; that might have simply been a decrease excessive shaped. It’s all going to be depending on BTC. If we see it blast by means of the highs, we’re going up once more. If not, alts most likely go [down] one other 30-50%. Can see some examples with WIF, POPCAT.”

Image
Supply: Altcoin Sherpa/X

Based mostly on the dealer’s chart, he appears to foretell that POPCAT might fall to as little as $0.22. At time of writing, POPCAT is value $0.31.

Image
Supply: Altcoin Sherpa/X

Trying on the dealer’s chart, he appears to counsel that WIF might plunge to $0.60. At time of writing, WIF is buying and selling for $0.839.

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Disclaimer: Opinions expressed at The Day by day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any losses chances are you’ll incur are your accountability. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in affiliate marketing online.

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Tags: AllTimeAltcoinCorrectionDailyDestinedhighHodlLayer1PopCatPotentialTraderwarnsWIF
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