dailyhodl.com
A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a memecoin that has gone up more than twenty-fold since early March.
The trader pseudonymous known as Crypto Dog tells his 775,500 followers on the social media platform X that the memecoin Jeo Boden (BODEN) is on the cusp of breaking out after a period of consolidation.
Based on the Crypto Dog’s chart, it appears that BODEN is testing a downward-sloping resistance level on the daily chart.
BODEN is trading at $0.639 at time of writing, up by around 2,466% from the all-time of $0.0249 reached on March 9th.
According to the pseudonymous analyst, a variety of memecoins including dogwifhat ($WIF) are sending bullish signals.
“Not just $WIF though, a good handful of mid/high cap memecoins are aiming for new highs.”
Turning to $NEAR Protocol ($NEAR), the pseudonymous analyst says he’s bullish on the Ethereum competitor based on the artificial intelligence (AI) narrative, among other things. The layer-1 blockchain’s Co-Founder Illia Polosukhin last year said that AI would be “one of the core verticals for the $NEAR ecosystem heading into 2024”.
“…still think $NEAR will lead over the next weeks, months.
Structurally it looks great, erased recent dip outperforming Bitcoin and even Solana.”
$NEAR Protocol is trading at $6.81 at time of writing, up by around 17% over the past seven days.
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