A Crypto strategist closely believed that one memecoin on Solana (SOL) has not yet been done, even after placing more than 60% profit this month.
Pseudonymous Analyst Altcoin Sherpa tells His 245,000 followers on the social media platform X that he is Bullish on Bonk (Bonk) after the breakout of an altcoin accumulation zone on the three -day graph.
The trader shares a graph that suggests that Bonk can collect up to $ 0.0000262 after having his resistance to $ 0.0000142.
“Bonk goes much higher (I have a bag). Also looks good in the charts.
I think I will add my position if I get a small dip. “
At the time of writing, Bonk acts for $ 0.0000182.
Turning to the indigenous assets of the Pudgy Penguins (Pengu) project, the trader (NFT) of the Non-Grovegible token (NFT) out The Altcoin has to print a bullish higher low setup at around $ 0.0065 to return its Downtrend by several months. Otherwise Altcoin Sherpa warns that Pengu can fall to $ 0.004.
“Coins such as Pengu have been stretched in recent months, but show some signs of life. The real test will be where the next low is and how the reaction is.
The trend is still Bearish, so don’t be that fast to catch knives. That said, we could see some reversal if the environment continued to illuminate. “
Based on the graph of the trader, he seems to suggest that Pengu can rise to $ 0.014 if the Altcoin manages to establish a higher layer.
At the time of writing, Pengu is worth $ 0.00985.
As for the wider Altcoin market, the analyst warns That most coins are still in a high -quality downtrend and that the profit can be deleted this month. Altcoin Sherpa, however, notes that it is now within the empire of the possibility for Altcoins to start a large cycle floor on the way to a bullish reversal.
“To be clear, I am generally pretty bullish and I think we go higher and the next big dip is a buy the dip situation.
Most alts, however, are still in Beerarish market structures (see Tao) and the continuation of that trend is down. I think we are going higher for everything, but just a careful memory that these SH*TCOins are still in Bearish trends and have made lower highlights, lower lows.
However, I think we are doing better. “
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Featured image: Shutterstock/Art Furnace/Natalia Siiatovskaia