According to a well-known cryptocurrency strategist, three memecoins are about ready for breakthrough increases.
On social networking platform X, an analyst going by the pseudonym Altcoin Sherpa informs his 213,200 followers that he believes Dogecoin (DOGE), the leading memecoin, will begin an almost 50% rally from its present levels after breaking through its resistance at $0.195.
"DOGE: Currently approaching $0.33. Other memes are still very popular. Although DOGE won't yield the same returns as the others, it is still possible to assess it, which is excellent."
As of this writing, DOGE is trading at $0.206, up a tiny amount over the previous day. BOOK OF MEME (BOME), a memecoin based on Solana (SOL), is another currency that analysts are keeping an eye on.
Although it might take some time, Altcoin Sherpa believes BOME will overcome its immediate barrier around $0.0152.
"BOME: I believe that [it] will eventually reach $0.018."
BOME's value is currently $0.0155, up more than 12% over the previous day. Dogwifhat (WIF) is the final memecoin listed for traders. If WIF breaks through the 1.618 Fibonacci level at $4.57, Altcoin Sherpa predicts that it will rise to new all-time highs.
"WIF: incredible maneuvers on this one, props to those who rode so hard. To be really honest, I have no goals. If it can continue this upward trend, perhaps $5.70 is next."
As of this writing, WIF has a $4.37 value.
April 2024, Cryptoniteuae