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Crypto Analyst Altcoin Sherpa Says Memecoins Pepe (PEPE), dogwifhat (WIF), Popcat (POPCAT) Gearing Up for Big Breakout Rallies

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2024-07-31 09:06:09280browse

Pseudonymous analyst Altcoin Sherpa tells his 219,100 followers on the social media platform X that Ethereum (ETH)-based altcoin PEPE and

Crypto Analyst Altcoin Sherpa Says Memecoins Pepe (PEPE), dogwifhat (WIF), Popcat (POPCAT) Gearing Up for Big Breakout Rallies

Popular crypto analyst and trader thinks a trio of memecoins are gearing up for big breakout rallies.

The pseudonymous analyst known as Altcoin Sherpa is updating his 219,100 followers on the social media platform X on the price action of Ethereum (ETH)-based altcoin PEPE and Solana (SOL)-based meme tokens dogwifhat (WIF) and Popcat (POPCAT).

According to the trader, the memecoins are showing signs that they’re about to blast through immediate resistance.

“Big-cap memes loading for the next leg up. PEPE, WIF, POPCAT.”

Altcoin Sherpa's chart seems to indicate that PEPE will break out after clearing resistance at $0.0000128. At the time of writing, PEPE is trading at $0.0000177.

The trader appears to be suggesting that WIF is nearing its diagonal resistance, which is currently hovering at the $2.50 level. At the time of writing, WIF is trading at $2.33.

As for POPCAT, the level to clear, according to Altcoin Sherpa, is $0.9389. At the time of writing, POPCAT is trading at $0.7339.

The trader also adds that he’s bullish on Solana, a competitor to the smart contract platform Ethereum.

“Only a few key levels before all-time high. Still think this is a good one for the next several months.”

At the time of writing, Solana is trading at $180.

Altcoin Sherpa is also optimistic about Core (CORE), a project that aims to be a hyper-scalable complementary smart contract platform to Bitcoin (BTC).

“I think this is going to be ok now. 200-day EMA tested, let’s go higher.”

At the time of writing, CORE is trading at $1.32.

However, the trader is less bullish on the layer-1 project Toncoin (TON) in the medium term, although he says he still has a positive long-term outlook for the asset.

“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 the time of writing, TON is trading at $6.62.

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