A carefully adopted crypto strategist believes that one red-hot memecoin may perhaps perhaps even maintain more upside likely.
Pseudonymous analyst Altcoin Sherpa tells his 217,600 followers on the social media platform X that PepeCoin (PEPECOIN) may perhaps perhaps also retrace to a key level earlier than resuming an uptrend.
PepeCoin is trading for $2.97 at time of writing, a put of higher than 27,000% since October thirteenth, 2023 when it became as soon as price $0.01088.
Subsequent up, the analyst compares the cost chart of Synapse (SYN), a protocol that aims to enable earn scandalous-chain verbal exchange, to the cost chart of the stunning contract platform Sui Network (SUI).
He suggests SYN may perhaps be forming a connected SUI pattern and can soon destroy elevated as several exponential captivating averages (EMAs) are heading elevated on the four-hour chart.
“Here’s why I delight in SYN. Here’s the SUI chart (replay) earlier than versus SYN now. One in all the complications I peek even though is that SUI has a legit say and critically story; SYN is a shitty bridge where there are a amount of better cash for that. Chart on my own, I delight in SYN, nonetheless this may perhaps perhaps perhaps also rob a minute bit…
I relate the several bridges are potentially better trades. But right here’s a nice chart so let’s peek.”
SUI is trading for $1.01 at time of writing, up higher than 19% in the final 24 hours. Meanwhile, SYN Is trading for $0.61 at time of writing, up 8.6% on the day.
Generated Picture: Midjourney
