- The cryptocurrency market is grappling with intense selling pressure.
- Despite Bitcoin being in the red, certain tokens like TON, XRP, and BNB are showing signs of an upward trend.
- A renowned crypto analyst is optimistic about three meme coins and three altcoins, predicting significant rallies.
Discover which meme coins and altcoins are poised for a potential breakout despite the current market turmoil.
Meme Coins Ready for Breakout: An Analyst’s Insight
According to a well-known crypto analyst, Altcoin Sherpa, three meme coins—PEPE, WIF, and POPCAT—are on the verge of significant upward movements. As Bitcoin’s selling pressure affects the broader market, these meme coins seem to be gearing up for a breakout.
PEPE: Targeting the Resistance
PEPE, an Ethereum-based altcoin, is one of the tokens highlighted by the analyst. The trading data indicates that PEPE might witness a substantial price surge once it crosses the $0.0000128 resistance level. At the time of writing, PEPE is trading at $0.00001134.
Other Meme Coins Under the Spotlight
Dogwifhat (WIF) and Popcat (POPCAT) are two other meme coins identified as potential gainers. WIF is inching closer to its crucial cross resistance of $2.50, while POPCAT must overcome the $0.9389 mark to rally further. Currently, WIF and POPCAT are trading at $2.29 and $0.7008, respectively.
PEPE, WIF, and POPCAT: A Bullish Outlook
The analyst asserts that large-cap meme coins are gearing up for the next significant rise. By breaking through their respective resistance levels, these coins could potentially witness substantial price hikes in the near future. Traders are advised to keep a close watch on these tokens.
Altcoin Analysts Bullish on Tokens SOL, CORE, and TON
Apart from meme coins, Altcoin Sherpa also sees strong potential in three altcoins: Solana (SOL), Core (CORE), and Toncoin (TON). Each of these tokens is seen as a promising candidate for a price increase despite the prevalent market difficulties.
Solana (SOL): A Promising Candidate
Altcoin Sherpa maintains a positive outlook on Solana, emphasizing its few remaining critical levels before hitting an all-time high. At the moment, Solana is trading at $181, and investors are advised to consider its long-term potential.
Core (CORE): Testing the Waters
The analyst is also optimistic about Core, a project designed to offer hyper-scalable, fee-free smart contract functionality. CORE recently tested its 200-day EMA and is now poised for a potential upward trajectory. Currently, CORE trades at $1.29.
Long-Term Prospects for Toncoin (TON)
While toning down expectations for the short term, the analyst believes Toncoin has significant long-term potential. Despite trading at $6.80, the analyst highlights TON’s ability to test the $5 level in the coming weeks, particularly around the 200-day EMA.
Conclusion
In summary, despite the prevailing selling pressures in the cryptocurrency market, certain tokens like PEPE, WIF, POPCAT, SOL, CORE, and TON are showing strong prospects for price increases. Investors should closely monitor these tokens as they have the potential to break through key resistance levels, fueling substantial rallies. Keeping abreast of these developments will be crucial for making informed trading decisions in the coming weeks and months.
