A popular crypto analyst and trader thinks a trio of memecoins, including Pepe (PEPE), are gearing up for big breakout rallies.
Pseudonymous analyst Altcoin Sherpa tells His 219,100 followers on social media platform
“Big-cap memes are loading for the next leg. PEPE, WIF, POPCAT.”
Based on the trader’s chart, he seems to suggest that PEPE will break out after rising above 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, which is hovering at $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 take is $0.9389. POPCAT is trading at $0.7339 at the time of writing.
The trader too notes that he is optimistic about Ethereum competitor Solana.
“Just a few significant levels before all-time highs. I still think this is a good choice for the coming months.
At the time of writing, Solana is worth $180.
Altcoin Sherpa does also optimistic about Core (CORE), a project designed to serve as a hyper-scalable, complementary smart contract platform for Bitcoin (BTC).
“I think this will work out fine now. 200 day EMA (exponential moving average) tested, let’s go higher.”
At the time of writing, CORE is trading at $1.32.
The trader does less bullish in the medium term on the layer-1 project Toncoin (TON), although he says he still believes in the upside in the long term.
“One of the strongest coins on the market in recent months is looking a bit doubtful in the medium term. I wonder if that $5 level (200 day EMA) will be tested in the coming weeks.
Still think TON has a lot of opportunity through this cycle and is bullish in the long term.”
At the time of writing, TON is worth $6.62.
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Generated image: Midjourney
