Trader Says Three Memecoins Loading for Next Leg Up, Updates Forecast on Solana and Two Additional Altcoins
A well-liked crypto analyst and dealer thinks a trio of memecoins together with Pepe (PEPE) are gearing up for huge breakout rallies.
Pseudonymous analyst Altcoin Sherpa tells his 219,100 followers on the social media platform X that Ethereum (ETH)-based altcoin PEPE and Solana (SOL)-based meme tokens dogwifhat (WIF) and Popcat (POPCAT) are threatening to take out their speedy resistance ranges.
“Big-cap memes loading for the next leg up. PEPE, WIF, POPCAT.”
Primarily based on the dealer’s chart, he appears to counsel that PEPE will escape after hovering above resistance at $0.0000128. At time of writing, PEPE is value $0.0000177.
Taking a look at WIF, the dealer seems to counsel that the altcoin is approaching its diagonal resistance hovering at $2.50. WIF is buying and selling at $2.33 at time of writing.
As for POPCAT, Altcoin Sherpa appears to counsel that the extent to take out is $0.9389. POPCAT is buying and selling for $0.7339 at time of writing.
The dealer additionally notes that he’s bullish on the Ethereum competitor Solana.
“Only a few key levels before all-time high. Still think this is a good one for the next several months.”
At time of writing, Solana is value $180.
Altcoin Sherpa is also optimistic about Core (CORE), a undertaking designed to function a hyper-scalable complimentary sensible contract platform to Bitcoin (BTC).
“I think this is going to be ok now. 200-day EMA (exponential moving average) tested, let’s go higher.”
At time of writing, CORE is buying and selling for $1.32.
The dealer is less bullish on the layer-1 undertaking Toncoin (TON) within the medium time period, although he says he nonetheless believes within the asset over the long term.
“One of many strongest cash on the market the previous few months seems a bit iffy within the mid-term. Questioning if that $5 degree (200-day EMA) goes to get examined within the coming weeks.
Nonetheless assume TON has a variety of alternative although this cycle and long-term bullish.”
At time of writing, TON is value $6.62.
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