dailyhodl.com
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 the social media platform X that Ethereum (ETH)-based altcoin $PEPE and Solana (SOL)-based meme tokens dogwifhat ($WIF) and Popcat ($POPCAT) are threatening to take out their immediate resistance levels.
“Big-cap memes loading for the next leg up. $PEPE, $WIF, $POPCAT.”
Based on the trader’s chart, he seems to suggest that $PEPE will break out after soaring above resistance at $0.0000128. At time of writing, $PEPE is worth $0.0000177.
Looking at $WIF, the trader appears to suggest that the altcoin is approaching its diagonal resistance hovering at $2.50. $WIF is trading at $2.33 at time of writing.
As for $POPCAT, Altcoin Sherpa seems to suggest that the level to take out is $0.9389. $POPCAT is trading for $0.7339 at time of writing.
The trader also notes that he’s bullish on the Ethereum competitor Solana.
“Only a few key levels before all-time high. Still think this is a good one for the next several months.”
At time of writing, Solana is worth $180.
Altcoin Sherpa is also optimistic about Core ($CORE), a project designed to serve as a hyper-scalable complimentary smart contract platform to Bitcoin (BTC).
“I think this is going to be ok now. 200-day EMA (exponential moving average) tested, let’s go higher.”
At time of writing, $CORE is trading for $1.32.
The trader is less bullish on the layer-1 project Toncoin ($TON) in the medium term, though he says he still believes in the asset over the long run.
“One of the strongest coins on the market the last few months looks a bit iffy in the mid-term. Wondering if that $5 level (200-day EMA) is going to get tested in the coming weeks.
Still think $TON has a lot of opportunity though this cycle and long-term bullish.”
At time of writing, $TON is worth $6.62.
Generated Image: Midjourney