Dealer Says Memecoin That’s Skyrocketed Over 300x in 9 Months Nonetheless Appears to be like Sturdy, Updates Outlook on Bitcoin

A extensively adopted crypto analyst says that one meme asset that has seen a 300x surge in underneath a yr is on the point of sparking one other main rally.

Pseudonymous crypto dealer Altcoin Sherpa tells his 223,600 followers on the social media platform X that memecoin Popcat (POPCAT) appears to be like extremely bullish after taking out its final true resistance at $1.

Based on the dealer, he sees POPCAT surging by over 60% from present ranges.

“As soon as a coin breaks out of the vary, you need to see continuation. After all, that is going to rely on BTC however I feel that POPCAT nonetheless appears to be like robust.

Wouldn’t be stunned to see it go to love $2 or one thing to be trustworthy.”

POPCAT is buying and selling for $1.23 at time of writing, an over 7% improve over the last 24 hours. On January fifth, the meme asset was valued at $0.00379, translating to features of greater than 324x.

Transferring on to the highest crypto asset by market cap, Altcoin Sherpa says he believes Bitcoin (BTC) will “bounce onerous” quickly and that it seems to be forming an area backside.

“We’re so again. For what it’s price, I do assume BTC goes to bounce onerous on one in all these quickly. I feel a backside is forming.”

Bitcoin is buying and selling for $62,131 at time of writing, a fractional improve over the last day.

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