Analyst Bullish on Pepe
A well-known crypto trader is sharing positive sentiment for a meme coin that rivals Dogecoin (DOGE) and Shiba Inu (SHIB). According to the pseudonymous analyst Bluntz, Pepe (PEPE) could potentially surge by more than 30% from its current value, based on his technical analysis using the Elliott Wave theory.
Bluntz’s chart indicates that wave five would result in Pepe trading for about $0.00000160. He also notes that Pepe’s recent price pattern suggests an imminent breakout beyond a key resistance level, targeting about 25-30% upside, with a favorable risk/reward ratio.
At the time of writing, PEPE is trading for $0.00000124, up 5.4% in the past 24 hours.
Solana and Bitcoin Predictions
Bluntz also weighs in on Solana (SOL), predicting that it is likely to continue moving higher after bankrupt FTX finishes selling off its holdings of Solana. Additionally, he anticipates a breakout for Bitcoin (BTC) following a period of accumulation.
As of now, Solana is trading at $44.46, up 2.7% in the last 24 hours, while Bitcoin is trading at $36,576, up 2.3% in the same timeframe.
Hot Take
A popular crypto trader is optimistic about Pepe’s potential for significant growth and predicts positive movements for Solana and Bitcoin as well.
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