Memecoins
One Analyst Is Bullish on PEPE and Another Memecoin, Says Memes and Another Sector Will Drive Crypto Narratives
A prominent analyst known for making timely altcoin calls believes that Pepe (PEPPER) and another memecoin are poised for massive rallies.
Pseudonymous analyst Bluntz tells his 263,500 followers on social media platform X that PEPE appears poised to trigger a five-wave surge.
Bluntz relies on the Elliott Wave Theory, which states that a bullish asset tends to witness a five-wave rally after completing an ABC correction.
The analyst shares a chart showing how PEPE has already completed an ABC corrective move and is poised for a rally towards $0.0000145.
“I like PEPE here, I can see a nice five wave up and ABC back down done.
One of the few alternatives to actually not be smoked and reach new lows.
Source: Blunz/X
At the time of writing, PEPE is worth $0.00001286.
Watching Popcat (POPCAT), the analyst believes that Solana (SOLThe memecoin based on ) is also fixed.
“POPCAT is coming in with a strong turbo bounce off the lows.
Clear five daily waves and big dick ABC back again now seems done and complete.
I’m starting to think memes are back, honey.”
Source: Blunz/X
Bluntz points out that POPCAT appears to mirror the structure of the dogwifhat memecoin market (WIFE) before launching a rally to all-time highs in March.
“POPCAT fractal for fun.
Where have I seen this structure before?”
Source: Blunz/X
At the time of writing, POPCAT is trading for $0.486, up more than 12% over the past day.
The top analyst also believes that memecoins and artificial intelligence (AI) will continue to capture the attention of cryptocurrency traders.
“In my opinion, memes and AI will continue to be the two main narratives. Choose your fighters wisely.
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