Amid the recent uptrend in memecoins, crypto analyst Michaël van de Poppe is eyeing a potential breakout surge for the lesser-known challenger, Pepe (PEPE). With the surge of memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) capturing the market’s attention, Pepe has caught the analyst’s eye as a potential candidate for a significant price movement.
Van de Poppe, whose insights are followed by a substantial online audience, has set his sights on a strategic entry point for Pepe. He envisions accumulating PEPE if it successfully surpasses resistance at $0.00000127 and transforms it into a solid support level. This trigger, he suggests, could pave the way for a favorable trading opportunity.
The analyst shared his thoughts on the matter, stating, “I’m looking for some trades on PEPE as memecoins seem to be taking some momentum. Not only DOGE is in my bags already, but SHIB is also showing momentum as well, so PEPE follows along. A flip of $0.00000127 is a trigger (if we take out the high at $0.00000135).”
At the time of his analysis, PEPE is trading at $0.00000135.
Van de Poppe also shifts his attention to Chainlink (LINK), a decentralized oracle network. He indicates his intention to augment his LINK holdings if the altcoin retraces to its immediate support level of $7.30. This accumulation strategy stems from his anticipation of LINK rallying to $8.44.
“Personal interest in Chainlink for an add-on. Expecting we’ll continue toward the highs in [this] week,” Van de Poppe affirmed. As of his analysis, LINK is valued at $7.38.
While the crypto market has experienced some volatility, Van de Poppe maintains his bullish stance on Bitcoin (BTC), the market’s leading cryptocurrency. The analyst outlines two scenarios for potentially acquiring more BTC, with both scenarios predicated on the underlying sentiment.
Despite Bitcoin’s recent price fluctuations, Van de Poppe believes that an upward trajectory remains highly likely. He stated, “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 the time of his analysis, Bitcoin is valued at $29,234. As the market continues to evolve, Van de Poppe’s insights offer a perspective on potential trends and opportunities for investors to consider.
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