- Popular crypto analyst foresees potential breakouts in several memecoins.
- The memecoins under focus include PEPE, WIF, and POPCAT, indicating strong momentum.
- The analyst, Altcoin Sherpa, has presented compelling levels to watch for these tokens.
Discover insights on the imminent breakout potential of major memecoins and the bullish outlook on Solana and CORE in the latest crypto analysis.
Analyst Points to Breakout Potential in Key Memecoins
A widely-followed crypto analyst, Altcoin Sherpa, has expressed optimism over the breakout potential of several memecoins. Focusing on PEPE, WIF, and POPCAT, Sherpa suggests these tokens are poised to overcome current resistance levels and embark on significant upward movements.
PEPE’s Ascent Above Key Resistance Levels
Altcoin Sherpa’s analysis indicates that PEPE, an Ethereum-based altcoin, is on the verge of breaking out past its resistance at $0.0000128. Currently trading at $0.0000177, PEPE is showing strong momentum, pointing to a probable continuation of its upward trend.
Analysis of WIF and POPCAT
Regarding Solana-based meme tokens, dogwifhat (WIF) and Popcat (POPCAT), Altcoin Sherpa identifies critical resistance points that these tokens must overcome to sustain their bullish trajectories. WIF is nearing a diagonal resistance at $2.50 while currently priced at $2.33. Sherpa suggests that breaking this level could trigger further gains.
POPCAT’s Pathway to New Highs
POPCAT, another meme token seen by Sherpa as having breakout potential, is aiming to surpass the $0.9389 resistance level. Presently trading at $0.7339, an upward move past this mark could significantly elevate its market standing and attract more bullish sentiment.
Solana’s Prospects and Long-term Performance
In addition to memecoins, Sherpa highlights Solana’s (SOL) promising outlook. He points out that Solana is approaching a few key levels and remains a strong contender for substantial growth over the upcoming months. Currently valued at $180, Solana’s trajectory continues to impress many market participants.
Optimism Surrounding CORE
Altcoin Sherpa also outlines a bullish perspective on CORE, a project aimed at serving as a hyper-scalable smart contract platform linked to Bitcoin. Testing its 200-day EMA, CORE trading at $1.32 appears primed for higher moves, according to Sherpa’s analysis.
Mixed Views on Toncoin’s Medium-term Prospects
Though generally positive on Toncoin (TON) in the long term, Sherpa has expressed some reservations regarding its medium-term outlook. Trading at $6.62, TON might face challenges in the coming weeks, possibly retesting support around the $5 level. Despite these short-term concerns, the analyst maintains a favorable long-term view on the asset.
Conclusion
Altcoin Sherpa’s latest analysis sheds light on the promising breakout potentials for several memecoins and underscores a bullish stance on both Solana and CORE. While caution is advised for Toncoin in the short to medium term, the overall outlook remains predominantly positive, offering investors actionable insights for navigating the crypto markets.
