Crypto analyst Altcoin Sherpa anticipates another 2 to 4 weeks of “up only” price action across the altcoin market before a potential period of sideways consolidation.
Citing historical behavior—particularly from tokens like PEPE in early 2024—Sherpa suggested that explosive moves are often followed by extended chop phases or downtrends.
In a detailed thread, he emphasized that if Bitcoin (BTC) reaches the $120K level and stabilizes, altcoins are likely to mirror its consolidation, potentially setting up for another strong leg later on.
While macro uncertainty still makes overall market timing difficult, Sherpa remains bullish on higher time frames.
His short-term strategy is to continue longing the market momentum until it clearly breaks down. He cautions against giving back gains during inevitable pullbacks but acknowledges that timing exits perfectly is always difficult.
Sherpa also noted that many lower-cap altcoins—or “shitcoins” as he puts it—have yet to move significantly and could still offer opportunity during this cycle. A key reference is his breakdown of $PEPE’s chart patterns from 2024, showing bursts of bullish runs followed by long consolidation periods (highlighted in yellow boxes).
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/crypto-market-could-see-weeks-of-bullish-momentum-ahead-before-market-cools/