An esteemed analyst celebrated for his timely predictions on alternative cryptocurrencies foresees significant upward movements for Pepe (PEPE) and another memecoin in the near future.
Using the pseudonym Bluntz, the analyst shares with his 263,500 followers on the social media platform X that PEPE appears poised for a substantial surge, following the Elliott Wave theory. According to this theory, assets typically experience a five-wave rally after completing an ABC correction. Bluntz illustrates his analysis with a chart indicating that PEPE has completed its corrective ABC phase and is now set for a rally aiming towards $0.0000145.
“Feeling optimistic about PEPE at this point, anticipating a strong five-wave increase with the ABC correction completed without significant setbacks. It stands out among altcoins for avoiding declines and establishing new lows.”
Source:
Bluntz/X
As of the latest update, PEPE is valued at $0.00001286.
Turning to Popcat (POPCAT), another memecoin based on Solana (SOL), Bluntz observes that it has likely finished its corrective phase as well.
“POPCAT is showing signs of a robust recovery from its recent lows, demonstrating a clear five-wave pattern on the daily chart with a substantial ABC correction that now appears concluded. Memes seem to be making a comeback.”
Source:
Bluntz/X
Bluntz points out that POPCAT’s market structure resembles that of another memecoin, dogwifhat (WIF), before it surged to all-time highs in March.
“POPCAT’s fractal is an intriguing similarity. Where have we seen this pattern before?”
Source:
Bluntz/X
At the time of writing, POPCAT is trading at $0.486, marking a rise of more than 12% over the past day.
The analyst also predicts that memecoins and artificial intelligence (AI) will continue to dominate the attention of crypto traders.
“In my view, memes and AI will remain the top narratives. Choose your contenders wisely.”
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