Cred

Dogecoin

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 A widely followed crypto strategist says one Dogecoin (DOGE) challenger is way ahead of its fellow altcoins.
 Pseudonymous analyst Cred tells his 624,100 followers on the social media platform X that he’s bullish on the frog-themed memecoin Pepe (PEPE).
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 According to the crypto strategist, PEPE is leading the altcoin pack in terms of market structure as the memecoin moves close to its all-time high even after last month’s marketwide correction.
 “PEPE: one of the strongest alts, ahead of several of the others by virtue of breaking its range high (vs. Bonk and Doge, which are still technically testing their respective resistances).”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GMxHk-bW0AAceVS?format=png&amp;name=4096x4096" alt="Image" width="2475" height="1243">
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 Source: Cred/X
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 At time of writing, PEPE is $0.00000865, less than 20% away from its all-time high of $0.0000106.
 Looking at Dogecoin, Cred says that DOGE will likely lose steam if it retests its immediate support at $0.147.
 “One of those instances where reaching the best support would make the chart look quite ugly, so options are to hope for low time frame/shallow pullbacks, or breakout chase.”&nbsp;
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 Source: Cred/X
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 At time of writing, DOGE is worth $0.162, very close to the analyst’s next breakout level.
 As for fellow memecoin Bonk (BONK), Cred says the altcoin looks bullish as long as it trades above its range midpoint at $0.000025.
 “Strong off the lows, at local range high. Shallow pullback and/or breakout punts preferable. Retracing the reclaim back to the range low would be a tough look.”
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 Source: Cred/X
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 At time of writing, BONK is trading at $0.0000262.
 The last coin on the trader’s list is dogwifhat (WIF). According to the analyst, WIF is in the midst of a new uptrend with invalidation below $3.
 “Assuming one-day close doesn’t get stuffed, this move would signify a daily time frame higher high + move back into the former range.
 Same area would act as line in the sand for bias i.e. sub $3.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GMxLP9kXsAAq3CQ?format=png&amp;name=4096x4096" alt="Image" width="2475" height="1243">
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 Source: Cred/X
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 At time of writing, WIF is worth $3.37.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-calls-memecoin-one-of-strongest-altcoins-updates-outlook-on-dogecoin-and-three-other-crypto-assets-tbt87603.html">https://thebittimes.com/trader-calls-memecoin-one-of-strongest-altcoins-updates-outlook-on-dogecoin-and-three-other-crypto-assets-tbt87603.html</a>

Trader Calls Memecoin One of Strongest Altcoins, Updates Outlook on Dogecoin and Three Other Crypto Assets

TheBitTimes

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