A widely followed crypto analyst believes that Dogecoin (DOGE) challenger Pepe (PEPE) is gearing up for a breakout surge.
Analyst Michaël van de Poppe tells his 663,100 X followers that Pepe looks primed for a breakout amid the recent rise of fellow memecoins DOGE and Shiba Inu (SHIB).
Van de Poppe says he’s looking to accumulate PEPE when it flips resistance at $0.00000127 into support.
“I’m looking for some trades on PEPE as memecoins seem to be taking some momentum.
Not only DOGE is in my bags already, SHIB is showing momentum as well, so PEPE follows along.
Flip of $0.00000127 is a trigger (if we take out the high at $0.00000135).”
At time of writing, PEPE is trading for $0.00000135.
Van de Poppe is also updating his outlook on the decentralized oracle network Chainlink (LINK). The trader says he’s looking to add to his LINK stacks if it dips to its immediate support at $7.30 as he expects the altcoin to rally to $8.44.
“Personal interest in Chainlink for an add-on.
Expecting we’ll continue toward the highs in [this] week.”
At time of writing, LINK is trading for $7.38.
As for Bitcoin (BTC), Van de Poppe that he’s still bullish on the top crypto by market cap despite its choppy price action. The analyst says he’s looking at two scenarios to gobble up BTC.
“Extremely astonishing price action on Bitcoin lately.
I’m still favoring upwards momentum to come and I think we’ve bottomed + are not getting that heavy correction.
If we lose $29,000 however, then I’ll be a buyer at $28,200.
Flip $29,700 = party time.”
At time of writing, Bitcoin is worth $29,234.
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Generated Image: Midjourney