PepeCoin

Synapse

Sherpa

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analyst-predicts-surge-for-pepecoin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Surge for PepeCoin</a><br></p>
<p style="text-align: justify">Renowned <a href="https://en.bitcoinhaber.net/bitcoin-surpasses-71000-and-boosts-altcoins" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto analyst</a> Altcoin Sherpa has forecasted a potential rise for PepeCoin (PEPECOIN). Speaking to his followers on X, Sherpa highlighted that after a minor correction to a crucial level, PepeCoin may continue its upward trajectory.</p>
<h2 id="what-drives-pepecoin-s-momentum">What Drives PEPECOIN’s Momentum?</h2>
<p style="text-align: justify">Sherpa emphasized that PEPECOIN is currently exhibiting strong performance. He pointed out that the price might pull back to $2.30, aligning with the 200-day Exponential Moving Average (EMA). He suggested that $2.30 could serve as a favorable entry point for <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">short-term investors</a> and that a rebound from this level is plausible.</p>
<p style="text-align: justify">“PEPECOIN is doing well right now, showing great strength,” Sherpa commented. “It is still uncertain whether this momentum will continue, but pay attention to the 200-day EMA here. Around $2.30 could be a good entry point in the short term. I made some purchases.”</p>
<h2 id="is-syn-poised-for-growth">Is SYN Poised for Growth?</h2>
<p style="text-align: justify">Sherpa also compared Synapse (SYN) protocol’s price chart to that of the Sui Network (SUI). He noted that SYN’s chart is forming a structure similar to SUI’s, suggesting a potential rise. He remarked that several EMAs on the four-hour chart are trending upward, indicating positive momentum for SYN.</p>
<p style="text-align: justify">However, Sherpa mentioned that SYN lags behind other bridging projects. He hinted that investors might find better alternatives, saying, “SUI has a solid offering and story. In contrast, SYN is a weak bridge, and there are better projects out there. Just looking at the chart, I like SYN, but it might take some time. Other bridge projects are better investments, but this chart is definitely nice; let’s see what happens.”</p>
<p style="text-align: justify">At the time of writing, SUI is trading at $1.01, marking a 19% rise in the last 24 hours, while SYN trades at $0.61, up 8.6% in the same period.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">• PepeCoin could potentially rise after pulling back to $2.30, making it a possible entry point for short-term investment.<br> • Synapse exhibits signs of upward momentum, similar to Sui Network, but investors should be cautious about its comparative weakness.<br> • Both PepeCoin and Synapse have shown significant recent gains, pointing to market interest and potential.</p>
<p style="text-align: justify">In conclusion, Altcoin Sherpa’s analysis provides valuable insights for investors considering PEPECOIN and SYN. While both show promise, the analyst advises caution and a strategic approach to entry points and comparative strength within the market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/analyst-predicts-surge-for-pepecoin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Surge for PepeCoin</a></h5>

Analyst Predicts Surge for PepeCoin

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