A dealer who continues to develop his following with well timed altcoin calls thinks that an Ethereum (ETH)-based memecoin is gearing up for an enormous upside transfer.
Pseudonymous analyst Bluntz tells his 270,400 followers on the social media platform X that he has his radar locked on the memecoin Pepe (PEPE).
Based on the analyst, PEPE’s two-hour chart resembles Bitcoin’s (BTC) worth motion in January 2023 when it was bottoming and buying and selling at round $16,000.
“Took one have a look at PEPE this morning and had deja vu like I’d seen this earlier than.
I had and it was BTC on the 16,000 cycle backside lows.”
After bottoming out in January final 12 months, Bitcoin rallied to a contemporary all-time excessive of $73,737 in March of this 12 months – an over 360% rise in about 15 months.
At time of writing, Bitcoin is buying and selling for $64,199 whereas PEPE is value $0.0000094.
The analyst additionally names a handful of memecoins that he thinks will transfer quicker than different altcoins when the market turns bullish.
“Memecoins will nonetheless vastly outperform all the pieces else on the way in which up, IMO (in my view).
Best technique is to select some frogs, canine and cats:
CAT, POPCAT, PEPE, WIF, FLOKI.”
Taking a look at BNB, the native asset of layer-1 chain BNB Chain, Bluntz believes the crypto asset is gearing up for an enormous breakout en path to new all-time highs.
“BNB has one of many cleanest excessive timeframe charts right here, IMO.
Consolidation beneath prior ATH (all-time excessive) with a sweep of each the top quality and backside of the vary and has now reclaimed it.
These setups are T1 (tier-one) setups IMO, and we’ve been handed one on an especially excessive timeframe.
Legit what desires are product of IMO, $1,000 quickly.”
At time of writing, BNB is value $579.86.
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