Analyst Says Altcoin That’s Up Over 120% in Two Weeks Primed for Another Leg Up, Updates Outlook on Shiba Inu

A closely followed crypto analyst says that one altcoin that has seen gains of over 120% in two weeks is gearing up to continue its upward momentum.

In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 217,800 followers on the social media platform X that Cosmos (ATOM)-based GameFi project Dymension (DYM) looks primed to skyrocket once again.

“Was going to buy and then stepped out for 30 minutes. When you see price action like this after a big run, another leg up is coming. DYM.”

According to the trader’s charts, he believes DYM will soon hit a price tag of $2.25. DYM is trading for $2.20 at time of writing, a 13.9% gain during the last 24 hours. On July 5th, it was valued at $0.993.

Moving on to the dog-themed meme asset Shiba Inu (SHIB), Altcoin Sherpa says that things look scary for the memecoin after WazirX, a crypto exchange based in India, was hacked for hundreds of millions of dollars.

“SHIB: real shame with the hack, hope they figure out some way to prevent the selling somewhere. If this does get sold off, I think an entry within the old trading range of 700-1200 would be a good place to start buying. Scary stuff right now.”

Shiba Inu is trading for $0.000017 at time of writing, a 9.6% decrease during the last 24 hours. Concluding his analysis Solana (SOL), the trader says he envisions slow and steady growth for the smart contract platform in the near future.

“SOL: Everything is still dandy with SOL and I expect it to continue grinding up. $175 seems like the next interesting level but don’t expect this one to put in any 20% candles or anything like that as of now. Just a slow steady grind.”

Solana is trading for $156.53 at time of writing, a 1% decrease on the day.

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Featured Image: Shutterstock/tunnelmotions/Nikelser Kate