A popular cryptocurrency analyst and trader believes that three MiCoins, including Pepe (PEPE), are gearing up for a major rally.
Altcoin Sherpa, an anonymous analyst, told his 219,100 followers on social media platform X that Ethereum (ETH)-based altcoin PEPE and Solana (SOL)-based meme tokens dogwifhat (WIF) and Popcat (POPCAT) are on the verge of breaking out of their immediate resistance levels.
“Loading large cap memes to move on to the next level. PEPE, WIF, POPCAT.”
Based on the trader’s chart, he seems to be suggesting that PEPE will surge above the resistance line of $0.0000128 and then break out. At the time of writing, PEPE is valued at $0.0000177.
Looking at WIF, the trader seems to be suggesting that the altcoin is approaching the diagonal resistance that is hovering around $2.50. WIF is trading at $2.33 at the time of writing.
For POPCAT, Altcoin Sherpa seems to suggest a withdrawal level of $0.9389. At the time of writing, POPCAT is trading at $0.7339.
The trader also said he was bullish on Ethereum competitor Solana.
“There are only a few key levels left before reaching the highs. I still think this is a good level for the next few months.”
At the time of writing, Solana was worth $180.
Altcoin Sherpa is also bullish on Core (CORE), a project designed to serve as a hyper-scalable smart contract platform that complements Bitcoin (BTC).
“I think it’s okay now. Let’s test the 200-day EMA (exponential moving average), let’s go higher.”
At the time of writing, CORE was trading at $1.32.
The trader said he is not overly bullish on Toncoin (TON), a Layer 1 project, in the medium term, but believes the asset still holds value in the long term.
“One of the strongest coins on the market over the past few months is looking a bit uncertain in the medium term. I wonder if that $5 level (200-day EMA) will be tested in the coming weeks.
Still, I think TON has a lot of opportunities to be bullish in this cycle and in the long term.”
At the time of writing, TON was valued at $6.62.
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