Memecoins
Trader Says Memecoin Has Exploded Over 2,400% in Weeks and Is Poised to Go Higher, and Updates His Outlook on Near Protocol
A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a memecoin that has risen more than twenty-fold since early March.
The pseudonymous trader known as Crypto Dog tell his 775,500 followers on social media platformBODEN) is about to break out after a period of consolidation.
Source: Crypto Dog/X
Based on the Crypto Dog chart, it appears that BODEN is testing a descending resistance level on the daily chart.
BODEN is trading at $0.639 at the time of writing, up approximately 2,466% from the all-time high of $0.0249 reached on March 9.
According to the pseudonymous analyst, a variety of memecoins, including dogwifhat (Wireless) are sending bullish signals.
“But not just WIF, a good handful of mid/high cap memecoins are aiming for new highs.”
Let’s move on to the NEAR protocol (CLOSE), the pseudonymous analyst said he is optimistic about competitor Ethereum, based on, among other things, the artificial intelligence (AI) narrative. Layer 1 blockchain co-founder Illia Polosukhin said last year that AI would be “one of the leading verticals in the NEAR ecosystem by 2024.”
“…I still think NEAR will lead over the next few weeks, the next few months.
Structurally, this looks great, with the recent wiped out decline outperforming Bitcoin and even Solana.
Source: Crypto Dog/X
NEAR Protocol is trading at $6.81 at the time of writing, up approximately 17% over the past seven days.
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