PEPE Breakout Approaches as Memecoin ‘Deja Vu’ Price Action Unfolds, Says Top Trader

A dealer who continues to develop his following with well timed altcoin calls thinks an Ethereum (ETH)-based memecoin is gearing up for a large upward transfer.

Pseudonymous analyst Bluntz tells his 270,400 followers on the social media platform

In response to the analyst, PEPE’s two-hour chart resembles Bitcoin’s (BTC) worth motion in January 2023, when it bottomed and traded round $16,000.

“I watched PEPE as soon as this morning and had a deja vu as if I had seen this earlier than.

I did and it was BTC on the cycle low of 16,000.”

After bottoming in January final 12 months, Bitcoin rose to a brand new all-time excessive of $73,737 in March this 12 months – a rise of greater than 360% in about 15 months.

On the time of writing, Bitcoin is buying and selling at $64,199, whereas PEPE is value $0.0000094.

The analyst too names a handful of memecoins that he thinks will transfer quicker than different altcoins if the market turns bullish.

“Memecoins will nonetheless far outperform every little thing else on the way in which up, IMO (for my part).

The best technique is to decide on some frogs, canines and cats:

CAT, POPCAT, PEPE, WIF, FLOKI.

Taking a look at BNB, the guardian asset of tier-1 chain BNB Chain, Bluntz believes the crypto asset is gearing up for a significant breakout on its solution to new all-time highs.

“BNB has one of many cleanest excessive time-frame charts right here, IMO.

Consolidated beneath earlier ATH (all-time excessive) reaching each the highest and backside of the vary and has now regained it.

These setups are IMO T1 (tier-one) setups, and we obtained one in an especially excessive time-frame.

Authorized what desires are made from IMO, quickly $1,000.

On the time of writing, BNB is value $579.86.

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