A trader who continues to grow his following with timely altcoin calls thinks that an Ethereum (ETH)-based memecoin is gearing up for a huge upside move.
Pseudonymous analyst Bluntz tells his 270,400 followers on the social media platform X that he has his radar locked on the memecoin Pepe (PEPE).
According to the analyst, PEPE’s two-hour chart resembles Bitcoin’s (BTC) price action in January 2023 when it was bottoming and trading at around $16,000.
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“Took one look at PEPE this morning and had deja vu like I’d seen this before.
I had and it was BTC at the 16,000 cycle bottom lows.”
Source: Bluntz/X
After bottoming out in January last year, Bitcoin rallied to a fresh all-time high of $73,737 in March of this year
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