Memecoins
Trader Says Two Memecoins Are Set to Climb ‘Much Higher’ in the Coming Months, Charts Path Ahead for Rendering
A widely followed crypto analyst believes two memecoins have huge upside potential in the coming months.
Cryptocurrency trader pseudonym Altcoin Sherpa tells his 216,400 followers on the social media platform X who are optimistic about both Pepe (PEPPER) and PepeCoin (PEPECOIN).
However, he warns that memecoins may retest lower levels first.
“Both will likely retreat in the short term, but I still believe they will both be much higher in the coming months. I have both.”
Source: Altcoin Sherpa/X
Looking at the trader’s daily chart, it suggests that Pepe may retest the support level at $0.00001084. At the time of writing, Pepe is trading for $0.00001506, up nearly 5% over the past 24 hours.
As for PepeCoin, Altcoin Sherpa shares a chart that suggests the meme token is poised for a decline after referencing resistance at $5.50.
Source: Altcoin Sherpa/X
PepeCoin is trading at $5.31 at the time of writing, down nearly 3% on the day.
Even the merchant He says which is long-term bullish on the native decentralized graphics processing unit (GPU) rendering blockchain asset Render (RNDR).
“RNDR: Not really a big active trade, but more like you buy it and the dollar cost average if it goes down. AI coins haven’t performed very well over the past week, but it makes sense for them to cool down a bit. However, we are still optimistic about this for the cycle.
Source: Altcoin Sherpa/X
Render is trading for $10.06 at the time of writing, a fractional increase in the last 24 hours.
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