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A senior analyst known for making timely altcoin calls believes that Pepe (baby) and another fellow memecoin are gearing up for massive rallies.
The analyst with the pseudonym Blontz tells his 263,500 followers on social media platform
Plantz is based on Elliott Wave Theory, which states that bullish assets tend to see a five-wave rise after completing an ABC correction.
The analyst shares a chart showing that PEPE has already completed a corrective move for ABC and is ready to rise on its way to $0.0000145.
“Like PEPE here, I can see a nice five wave rally and ABC pulls back down.
One of the few alternatives that is virtually smokeless and is reaching new lows.
At the time of writing, PEPE is worth $0.00001286.
Looking at a bobcat (Bobcat), analyst Solana believes (Sol)-based memecoin has also been corrected.
POPCAT is coming in hot with a strong bounce off the lows.
A clear five-wave rise on the daily level and a big return of the ABC line to the bottom now and it looks done and complete.
I’m starting to think memes are back, baby.
Plantz highlights that POPCAT appears to reflect the market structure of the memecoin dogwifhat (WIF) before launching a surge to all-time highs in March.
“POPCAT a fractal for fun.
Where have you seen this structure before? ”
At the time of writing, POPCAT is trading at $0.486, up over 12% in the past day.
The chief analyst also believes that meme coins and artificial intelligence (AI) will continue to do so. Yasser Attention of cryptocurrency traders.
“Memes and AI will continue to be two of the leading narratives in my opinion. Choose your fighters wisely.
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