Closely followed anonymous crypto analyst Bluntzclaimed to his followers on social media platform X that Ethereum (ETH)-based memecoin PEPE (PEPE) is preparing for a major price increase. The analyst said, PEPPEHe said that the two-hour chart of is reminiscent of the price movements made by Bitcoin (BTC) at its lows around $16,000 in January 2023.
PEPE Could Rise Like Bitcoin Did
Bluntz, PEPE graphWhen he examined the , he said, “I felt like I had seen this before. Yes, it was the period when BTC bottomed at $ 16,000,” and pointed out that PEPE created a similar bottom formation. After bottoming in January 2023, Bitcoin rose by over 360 percent in 15 months and broke the record by reaching an all-time high of $ 73,737 in March 2024. 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!
At the time of writing this article Bitcoin While it is trading around $64,000, PEPE is priced at $,.0000094. Bluntz stated that PEPE could have similar bullish potential.
Bluntz also has several altcoins that will move faster than other altcoins during the market rally. memecoinHe also gave the name of. Stating that this strategy is simple, the analyst said, “Frogs, dogs and cats: CAT, POPCAT, PEPE, WIF, FLOKI” and stated that these coins will come to the fore.
Waiting for a Thousand Dollars in BNB
Bluntz also BNB ChainHe noted that BNB, the underlying network asset of the , is also set for a major breakout towards a new all-time high. According to the analyst, BNB’s chart is showing a very clean and impressive formation on the high time frame.
The analyst noted that the altcoin has the potential to make a serious price increase, saying, “The current chart of BNB is literally a dream setup. I think it will reach $1,000 soon.” At the time of writing, BNB’s price was trading at $579.86.
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.
