A Crypto Analyst Predicts Breakout Rally for Pepe
Crypto analyst Michaël van de Poppe believes that Pepe (PEPE), a challenger to Dogecoin (DOGE), is primed for a breakout surge. He notes that memecoins like DOGE and Shiba Inu (SHIB) have been gaining momentum, and he expects PEPE to follow suit. Van de Poppe plans to accumulate PEPE if it can flip resistance at $0.00000127 into support. He sees this level as a trigger for a potential breakout.
Key Points:
– Pepe (PEPE) is expected to experience a breakout rally.
– Memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) have been showing momentum.
– The level to watch for PEPE is $0.00000127, which could trigger a breakout.
Van de Poppe also updates his outlook on Chainlink (LINK), a decentralized oracle network. He intends to add to his LINK holdings if it dips to its immediate support at $7.30. He predicts that LINK could rally to $8.44 in the near future.
Key Points:
– Chainlink (LINK) is expected to rally to $8.44.
– Van de Poppe plans to add to his LINK holdings if it dips to $7.30.
Despite the choppy price action of Bitcoin (BTC), Van de Poppe remains bullish on the cryptocurrency. He anticipates upward momentum and believes that BTC has bottomed out. If BTC loses $29,000, he would consider buying at $28,200. However, if BTC flips $29,700, he sees it as a signal for a bullish trend.
Key Points:
– Bitcoin (BTC) is expected to continue its upward momentum.
– Van de Poppe is considering buying BTC at $28,200 if it drops below $29,000.
– A flip of $29,700 could indicate a bullish trend for BTC.
Hot Take:
Van de Poppe’s analysis suggests that Pepe (PEPE) is poised for a breakout rally, following the footsteps of other memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB). He also expresses confidence in Chainlink (LINK) and Bitcoin (BTC), expecting both cryptocurrencies to experience positive price movements. Crypto investors may want to keep an eye on these assets for potential trading opportunities.
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