Altcoins
Trader Says Three Memecoins Are Loading For Next Leg Up, Updates Forecast On Solana And Two More Altcoins
A popular crypto analyst and trader believes that a trio of memecoins, including Pepe (PEPE) are preparing for major rallies.
Pseudonymous analyst Altcoin Sherpa tell its 219,100 followers on social media platform X that Ethereum (ETH)-altcoin based on PEPE and Solana (GROUND) meme tokens based on dogwifhat (Wireless) and Popcat (POPCAT) threaten to remove their immediate resistance levels.
“Big budget memes are loading up for the next step up. PEPE, WIF, POPCAT.”
Source: Altcoin Sherpa/X
From the trader’s chart, it seems to suggest that PEPE is going to break out after breaking above the resistance at $0.0000128. At the time of writing, PEPE is worth $0.0000177.
Looking at WIF, the trader seems to suggest that the altcoin is approaching its diagonal resistance hovering around $2.50. WIF is trading at $2.33 at the time of writing.
As for POPCAT, Altcoin Sherpa seems to suggest that the level to break is $0.9389. POPCAT is trading at $0.7339 at the time of writing.
The merchant too Remarks that he is optimistic about Ethereum competitor Solana.
“There are only a few key levels left before the all-time high. However, I think this will be a good level for the next few months.”
At the time of writing, Solana is worth $180.
Altcoin Sherpa is also optimistic about Core (HEART), a project designed to serve as a hyper-scalable, complementary smart contract platform for Bitcoin (Bitcoin).
“I think it’s going to be okay now. The 200-day EMA (exponential moving average) has been tested, let’s go higher.”
At the time of writing, CORE is trading at $1.32.
The trader is less optimistic on the Toncoin layer 1 project (TONNE) in the medium term, even if he claims to still believe in the asset in the long term.
“One of the strongest cryptocurrencies in the market in recent months is looking a bit uncertain in the medium term. I wonder if this $5 level (200-day EMA) will be tested in the coming weeks.
I still think TON has a lot of opportunity through this cycle and is bullish long term.”
At the time of writing, TON is worth $6.62.
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