A trader who continues to grow his audience with timely altcoin calls believes an Ethereum (ETH)-based memecoin is gearing up for a huge move higher.
Pseudonymous analyst Bluntz tells his 270,400 followers on social media platform X that his radar is set on the memecoin Pepe (PEPE).
According to the analyst, PEPE’s two-hour chart resembles Bitcoin (BTC) price action in January 2023, when it bottomed out and traded around $16,000.
“I looked at PEPE this morning and had a feeling of déjà vu, like I had seen this before.
“I had it and it was BTC at the cycle low of 16,000.”
After bottoming out in January last year, Bitcoin hit a new all-time high of $73,737 in March this year, a rise of more than 360% in about 15 months.
At the time of writing, Bitcoin is trading at $64,199 while PEPE is worth $0.0000094.
The analyst also cites a handful of memecoins that he believes will move faster than other altcoins when the market turns bullish.
“Memecoins will continue to vastly outperform everything else to the upside, in my opinion.
The simplest strategy is to choose frogs, dogs and cats:
CAT, POPCAT, PEPE, WIF, FLOKI.
Looking at BNB, the native asset of the layer 1 chain BNB Chain, Bluntz believes the crypto asset is gearing up for a big breakout en route to new all-time highs.
“BNB has one of the cleanest high time frame charts here, in my opinion.
Consolidated below the previous ATH (all-time high) with a sweep of both the top and bottom of the range and has now reclaimed it.
These configurations are T1 (top notch) configurations in my opinion, and we were given one in extremely short order.
This is truly what dreams are made of in my opinion, almost $1,000.
At the time of writing, BNB is worth $579.86.
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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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