Popular cryptocurrency analyst Altcoin Sherpastated to his followers that there could be further upside potential for PepeCoin (PEPECOIN), which is rapidly gaining value. Addressing his followers on social media platform X, the analyst predicts that PepeCoin could continue its uptrend after experiencing a pullback to a critical level.
Analyst Bullish on PEPECOIN
Altcoin Sherpa, PEPECOINEmphasizing that the price is currently performing strongly, Exponential Moving AverageHe noted that it could decline to the $ 2.30 level, which corresponds to the (EMA). The analyst stated that the $ 2.30 level could be a good entry point in the short term, and that a recovery from this level is possible. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
“PEPECOIN is doing well right now, showing great strength. Whether this momentum will continue is yet to be seen, but keep an eye on the 200-day EMA here. $2.30 could be a good entry point in the short term. I have bought a bit,” said Altcoin Sherpa.
At the time of writing, PepeCoin is trading at $2.97 and is up over 27,000 percent since its $0.01088 high on October 13, 2023.
“Synapse (SYN) On the Trail of Sui Network (SUI)”
Altcoin Sherpa also Synapse He compared the price chart of the (SYN) protocol with that of the smart contract platform Sui Network (SUI). He suggested that the SYN price chart is forming a similar structure to the price movements of SUI and that it may soon rise. The analyst stated that he sees positive momentum for SYN, noting that several EMAs on the four-hour chart are moving upwards.
On the other hand, analyst SYNHe also stated that lags behind other bridge projects and investors can find better alternatives, saying, “SUI has a solid offer and story. In contrast, SYN is a weak bridge and there are better projects in its place. If we just look at the graph, I like SYN, but it may take some time. I think other bridge projects are better investments, but this graph is definitely nice, let’s see what happens.”
At the time of writing the article, SUI While SYN is trading at $1.01, up 19 percent in the last 24 hours, it is trading at $0.61, up 8.6 percent in the same time frame.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
