A well-known crypto analyst is suggesting that it’s time for altcoins to make a comeback, and he believes that one particular memecoin will benefit greatly. Rekt Capital, a pseudonymous analyst with a large following on X, a social media platform, believes that the OTHERS chart, which tracks the market cap of all cryptocurrencies excluding the top 10 digital assets, is poised for a rebound at the $250 billion mark. According to his chart, his initial target is the $315 billion level, with a potential run to the previous highs of $425 billion.

Rekt Capital also analyzed specific altcoins, focusing on Dogecoin (DOGE). He states that DOGE has officially confirmed its long-term uptrend after a successful retest of the $0.12 level. According to his chart, the next major resistance levels for DOGE are $0.20 and $0.278.

Currently, DOGE is trading at $0.163.

In terms of Bitcoin (BTC), Rekt Capital believes that the leading cryptocurrency has already found strong support around the $60,000 level. He suggests that a weekly close at this level would confirm it as a secure support zone.

Currently, Bitcoin is trading at $64,265.

Please note that the opinions expressed in this article are not investment advice. Investors should conduct their own research before making any high-risk investments in cryptocurrencies or digital assets. Transfers and trades are done at one’s own risk, and any losses incurred are the responsibility of the individual. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor does it provide investment advice.