A closely followed crypto strategist believes that a memecoin run on Solana (Solar) is not yet made rally, even after publishing over 60% profits this month.
Pseudonym analysts altcoin sherpa tells His 245,000 followers on the social media platform X that he is Hausse at Bonk (Bonk) After Altcoin’s breakout of an accumulation zone on the three -day chart.
The trader shares a chart to indicate that Bonk can rally to as high as $ 0.0000262 after taking out its resistance of $ 0.0000142.
“Bonk goes much higher (I have a bag). Also looks good on the lists.
Think I will add my position if I get a little dip. “
At the time of writing, Bonk is traded for $ 0.0000182.
To turn to the original asset for the non -sponge token (NFT) project Pudgy Penguins (Panties), the trader says Altcoin has to print a hausse with a higher low approach to about $ 0.0065 to start turning its multi -month decline. Otherwise, Altcoin Sherpa warns that Pengu can drop to as low as $ 0.004.
“Coins that Pengu got rectified in recent months but show some signs of life. The real test will be where the next low is and what the reaction is.
The trend is still baisse -like, so don’t be so quick to catch knives. That said, we could see some reversal if the environment continues to facilitate. “
Based on the nutritional diagram, he seems to suggest that Pengu can float to as high as $ 0.014 if Altcoin manages to establish a higher low.
At the time of writing, Pengu is worth $ 0.00985.
In the case of the broader Altcoin market, the analyst warn That most coins are still in a high time frame down and that the profits that were witnessed this month could be deleted. Altcoin Sherpa, however, notes that it is now within the area of Altcoins to start carving a large bicycle bottom on the way to a raised reversal.
“To be clear, I’m pretty hooked and think we are going higher and the next big dip is a baptismal situation.
However, most alts are still in baisse -like market structures (see TAO) and the continuation of that trend is down. I think we go higher for everything, but just a thorough reminder that these sh*tcoins are still in Baisse trends and have made lower peaks, lower lows.
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Image: Shutterstock/Art Furnace/Natalia Siiatovskaia
