One of the most popular crypto analysts and traders believes one memecoin will be heading to its next peak.
Altcoin Sherpa, a pseudonymous cryptotrader on social media platform X, tells his 216.400 followers that Pepe (PEPE), the market’s fundamentals are strong.
“PEPE: I never had a chance at $0.00001111 to add, but am still involved in this.” It looks strong. I’m still a huge fan of memes in general .”
Pepe currently trades for $0.0001128, down by 8% over the past 24 hours.
The analyst believes that Solana, a rival to Ethereum (ETH), has a greater upside potential because of its network activity.
“SOL: go long Solana. Why? SOL memes still have a strong following and people are still referring to themselves in Solana. Understanding this much better is possible when you’re in the trenches of shitcoins. I’m expecting a pullback but in my opinion, that would be the time to invest .”
According to the chart of an analyst, SOL may eventually reach $205.
Solana currently trades for $166, which is down 6.7% from the previous 24 hours.
The analyst concludes that Bitcoin (BTC), although in a positive trend, could still retest $63,000.
BTC’s price is still looking pretty good to me. You can re-enter the market if you look at $63,000 near the 200 exponential moving (EMA) of the four-hour chart. I think that for now everything will continue as it is. .”
Bitcoin currently trades for $64,596, down almost 2% over the past 24 hours.
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The post Ethereum-based Altcoin “Looks as Strong as Hell” Outlines the Path Forward for Bitcoin & Solana, by Analyst says may be updated as new information becomes available.
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