A popular cryptocurrency strategist believes that two hot memecoins are racing towards new all-time highs.
Pepe (PEPE) has more gas left in the tank after surging more than 140% this month, pseudonymous analyst Bluntz tells his 260,500 followers on social media platform X.
Top trader shares charts suggesting PEPE could soar to a new high of $0.000028.
“Despite the all-time record, I think PEPE will continue to be the fastest horse for years to come.”
As of this writing, Pepe is worth $0.000016, which represents a 75% upside potential if the memecoin reaches Bluntz’s goal.
Next, the analyst is also bullish on fellow meme token Floki (FLOKI).
“We are feeling the best we’ve ever had before PEPE from FLOKI.
“I think the chart looks really good.”
According to the trader’s chart, Bluntz appears to be predicting an all-time high for FLOKI at $0.00044. As of this writing, FLOKI is trading at $0.000294.
Crypto strategists are also closely watching the top altcoin Ethereum over Bitcoin pair (ETH/BTC). Traders see ETH/BTC falling below 0.052 BTC ($3,553) before breaking out and rebounding to 0.06 BTC ($4,100).
“ETH/BTC 12-hour bearish divergence and clear impulsive bullish trend. “Please give me some shakeout dip before I send the turbo.”
Traders practice Elliott Wave Theory, which states that bullish assets tend to correct after a five-wave surge. Looking at the trader’s chart, he seems to be implying that ETH/BTC has already completed its five-wave rally and is ready to fall.
Bluntz’s outlook is supported by a bearish divergence. This is a sign that the currency pair is losing momentum despite its recent uptrend.
As of this writing, ETH/BTC is trading at 0.05625 BTC ($3,842).
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us XFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Generated image: DALLE-3