{"id":302273,"date":"2025-06-20T00:40:42","date_gmt":"2025-06-20T00:40:42","guid":{"rendered":"https:\/\/accountants4yourbusiness.co.uk\/altcoin\/trader-says-dogecoin-competitor-headed-to-the-gulag-if-support-level-crumbles-updates-outlook-on-bitcoin-and-hyperliquid\/"},"modified":"2025-06-20T00:40:42","modified_gmt":"2025-06-20T00:40:42","slug":"trader-says-dogecoin-competitor-headed-to-the-gulag-if-support-level-crumbles-updates-outlook-on-bitcoin-and-hyperliquid","status":"publish","type":"post","link":"https:\/\/accountants4yourbusiness.co.uk\/?p=302273","title":{"rendered":"Trader Says Dogecoin Competitor Headed to the \u2018Gulag\u2019 if Support Level Crumbles, Updates Outlook on Bitcoin and Hyperliquid"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>A widely followed crypto analyst is warning that one Dogecoin (<a href=\"https:\/\/dailyhodl.com\/currencies\/dogecoin\/\" rel=\"noopener\" target=\"_blank\">DOGE<\/a>) competitor may suddenly collapse in value.<\/p>\n<p>In a new thread, pseudonymous crypto trader Altcoin Sherpa <a href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1935699918649536605\" rel=\"noopener\" target=\"_blank\">tells<\/a> his 248,700 followers on the social media platform X that dogwifhat (<a href=\"https:\/\/dailyhodl.com\/currencies\/dogwifcoin\/\" rel=\"noopener\" target=\"_blank\">WIF<\/a>) needs to hold $0.78 as support or it may enter an enduring bearish phase.<\/p>\n<p><em> \u201cWIF these levels need to hold here or its to the gulag for many of these shitcoins. Scary situation and many of these do have bearish market structures on the lower time frames.\u201d<\/em><\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/Gtz8tvrXYAAKTrr?format=jpg&amp;name=medium\" alt=\"Image\" width=\"1200\" height=\"650\"\/><figcaption class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p>WIF is trading for $0.7791 at time of writing, flat on the day.<\/p>\n<p>Next up, the analyst <a href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1935687524313391241\" rel=\"noopener\" target=\"_blank\">shares<\/a> a chart suggesting Bitcoin (<a href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\" rel=\"noopener\" target=\"_blank\">BTC<\/a>) is gearing up for a massive breakout toward a new all-time high of $124,000.<\/p>\n<p><em>\u201cEverything is slow bleeding with BTC chopping. It\u2019d be a shame\u2026\u201d.<\/em><\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GtzxctbWQAA65dU?format=jpg&amp;name=medium\" alt=\"Image\" width=\"1200\" height=\"650\"\/><figcaption class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p>He also <a href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1935413483656388803\" rel=\"noopener\" target=\"_blank\">says<\/a> that he is remaining bullish on Bitcoin since the flagship crypto asset continues to exhibit market strength amid challenging macroeconomic factors.<\/p>\n<p><em>\u201cWar. No rate cuts. And BTC is still above $100,000? Bullish.\u201d <\/em><\/p>\n<p>However, the analyst <a href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1935667134056829001\" rel=\"noopener\" target=\"_blank\">warns<\/a> that Bitcoin may have a sudden correction if unexpected negative economic news breaks.<\/p>\n<p><em> \u201cNot really rushing into too many positions. Currently underwater on some recent buys but that\u2019s ok. I think you can afford to be patient overall. BTC is still at an uncertain area and obviously one bad tweet could send us sub $100,000 quickly. would use this time to rest and research.\u201d <\/em><\/p>\n<p>Bitcoin is trading for $104,173 at time of writing, flat on the day.<\/p>\n<p>Lastly, the analyst <a href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1935665703362932742\" rel=\"noopener\" target=\"_blank\">says<\/a> that layer-1 protocol Hyperliquid (<a href=\"https:\/\/dailyhodl.com\/currencies\/hyperliquid\/\" rel=\"noopener\" target=\"_blank\">HYPE<\/a>) may not yet have found a local bottom and may retest the Fibonacci retracement level at $31.84.<\/p>\n<p><em>\u201cHYPE is pulling back a bit, I think that this thing goes to the low $30s if BTC continues to bleed and chop around. Still, it\u2019s one of the best coins this cycle and I think it\u2019ll eventually go much higher. I\u2019ll still keep a bunch of it staked for now.\u201d<\/em><\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GtzdO8ZWsAALmjd?format=jpg&amp;name=4096x4096\" alt=\"Image\" width=\"1200\" height=\"650\"\/><figcaption class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p>HYPE is trading for $36.29 at time of writing, down 7.3% in the last 24 hours.<\/p>\n<p><em><span style=\"font-size: 13pt;\">Follow us on <a href=\"https:\/\/x.com\/TheDailyHodl\" target=\"_blank\" rel=\"noopener\">X<\/a>, <a href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> and <a href=\"https:\/\/t.me\/thedailyhodl\" target=\"_blank\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Don&#8217;t Miss a Beat \u2013 <a href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Check <a href=\"https:\/\/dailyhodl.com\/crypto-markets\/\" target=\"_blank\" rel=\"noopener\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Surf <a href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<br \/>\n<center><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\"\/><\/center><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt;\"><em>Generated Image: DALLE3<\/em><\/span><\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>A widely followed crypto analyst is warning that one Dogecoin (DOGE) competitor may suddenly collapse in value. In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 248,700 followers on the social media platform X that dogwifhat (WIF) needs to hold $0.78 as support or it may enter an enduring bearish phase. \u201cWIF these [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":302274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12030],"tags":[12920,17058,11537,134488,11724,25857,134487,6983,19147,23017,3485,1820,12752,952,11048,12572,25618],"dealstore":[],"offerexpiration":[],"class_list":["post-302273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-bitcoin","tag-btc","tag-competitor","tag-crumbles","tag-dogecoin","tag-dogwifhat","tag-gulag","tag-headed","tag-hype","tag-hyperliquid","tag-level","tag-news","tag-outlook","tag-support","tag-trader","tag-updates","tag-wif"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trader Says Dogecoin Competitor Headed to the \u2018Gulag\u2019 if Support Level Crumbles, Updates Outlook on Bitcoin and Hyperliquid - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/accountants4yourbusiness.co.uk\/?p=302273\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trader Says Dogecoin Competitor Headed to the \u2018Gulag\u2019 if Support Level Crumbles, Updates Outlook on Bitcoin and Hyperliquid - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"A widely followed crypto analyst is warning that one Dogecoin (DOGE) competitor may suddenly collapse in value. In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 248,700 followers on the social media platform X that dogwifhat (WIF) needs to hold $0.78 as support or it may enter an enduring bearish phase. \u201cWIF these [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/accountants4yourbusiness.co.uk\/?p=302273\" \/>\n<meta property=\"og:site_name\" content=\"Som2ny Network\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-20T00:40:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/accountants4yourbusiness.co.uk\/wp-content\/uploads\/2025\/06\/Solana-Memecoin-Dogwifhat.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1366\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/accountants4yourbusiness.co.uk\/?p=302273#article\",\"isPartOf\":{\"@id\":\"https:\/\/accountants4yourbusiness.co.uk\/?p=302273\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/accountants4yourbusiness.co.uk\/#\/schema\/person\/b8eaddeb20a8727558e0d0cddcca426e\"},\"headline\":\"Trader Says Dogecoin Competitor Headed to the \u2018Gulag\u2019 if Support Level Crumbles, Updates Outlook on Bitcoin and Hyperliquid\",\"datePublished\":\"2025-06-20T00:40:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/accountants4yourbusiness.co.uk\/?p=302273\"},\"wordCount\":488,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/accountants4yourbusiness.co.uk\/#organization\"},\"image\":{\"@id\":\"https:\/\/accountants4yourbusiness.co.uk\/?p=302273#primaryimage\"},\"thumbnailUrl\":\"https:\/\/accountants4yourbusiness.co.uk\/wp-content\/uploads\/2025\/06\/Solana-Memecoin-Dogwifhat.jpg\",\"keywords\":[\"Bitcoin\",\"BTC\",\"Competitor\",\"Crumbles\",\"Dogecoin\",\"dogwifhat\",\"Gulag\",\"Headed\",\"Hype\",\"hyperliquid\",\"Level\",\"NEWS\",\"Outlook\",\"Support\",\"trader\",\"UPDATES\",\"wif\"],\"articleSection\":[\"Altcoin\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/accountants4yourbusiness.co.uk\/?p=302273#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/accountants4yourbusiness.co.uk\/?p=302273\",\"url\":\"https:\/\/accountants4yourbusiness.co.uk\/?p=302273\",\"name\":\"Trader Says Dogecoin Competitor Headed to the \u2018Gulag\u2019 if Support Level Crumbles, Updates Outlook on Bitcoin and Hyperliquid - 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