Rally

PEPE

POPCAT

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-predict-potential-rally-for-meme-coins-pepe-and-popcat/" data-wpel-link="internal">Analysts Predict Potential Rally for Meme Coins PEPE and POPCAT</a> 
Meme coins in the <a href="https://en.coin-turk.com/boci-announces-historic-first-tokenized-securities-issuance-in-hong-kong/" data-wpel-link="internal">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> continue to attract significant interest due to their potential for large gains in a short time. DOGE and SHIB lead the meme coin market, followed by PEPE, WIF, and many other tokens that have shown significant increases. Amidst these developments, some analysts have suggested that meme coins might be making a comeback after recent declines, with PEPE and another meme coin under scrutiny. 
<h2 style="text-align: justify" id="will-pepe-s-price-rise">Will PEPE’s Price Rise?</h2> 
A well-known market analyst, who has previously made notable comments about altcoins, highlighted a potential major rally for Pepe (PEPE) and another meme coin. The analyst, Bluntz, informed his followers on social media platform X that PEPE might be preparing for a five-wave upward movement. 
Bluntz shared his view on the five-wave price rally, which includes the frequently mentioned ABC correction. According to the analyst, this situation is based on the Elliott Wave theory. He believes that the ABC correction for PEPE coin is complete, and a new price movement towards $0.0000145 might be on the way. 
<blockquote> 
 I like PEPE here; you can see a nice five-wave rise and the ABC pullback. It’s one of the few that hasn’t really smoked and made new lows. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-365529" src="https://coin-turk.com/wp-content/uploads/2024/06/pepe-coin-turk-com.png" alt="" width="919" height="605"> 
At the time of writing, PEPE was trading at $0.00001255, reflecting a 1.8% decrease in the last 24 hours. While PEPE’s price dropped, its market cap fell to $5.3 billion, but it firmly holds its position as the third-largest meme coin. 
Additionally, the 24-hour trading volume stood at $736 million after a 29.5% decrease. 
<h2 style="text-align: justify" id="current-status-of-solana-based-meme-coin">Current Status of Solana-Based Meme Coin</h2> 
Following PEPE, the analyst also examined Popcat (POPCAT), another meme coin based on Solana (SOL), which he believes has completed a similar correction. 
<blockquote> 
 POPCAT is coming in hot with a turbo-strong bounce from the lows. The daily five-wave up and a big “get out” from ABC, which now seems finished and complete. I’m starting to think meme coins are coming back. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-365530" src="https://coin-turk.com/wp-content/uploads/2024/06/popcat-coin-turk-com.png" alt="" width="925" height="777"> 
Bluntz also linked POPCAT with another notable meme coin, WIF. He noted that POPCAT’s current chart resembles the price movement that WIF showed before reaching its all-time high in March. 
<blockquote> 
 POPCAT fractal for fun. Where have I seen this structure before? 
</blockquote> 
At the time of writing, POPCAT was trading at $0.4653, reflecting a 0.5% increase in the last 24 hours. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-predict-potential-rally-for-meme-coins-pepe-and-popcat/" data-wpel-link="internal">Analysts Predict Potential Rally for Meme Coins PEPE and POPCAT</a></h5>

Analysts Predict Potential Rally for Meme Coins PEPE and POPCAT

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Alte articole publicate pe 27 iun. 2024

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