A closely followed crypto strategist believes that one red-hot memecoin may have more upside potential.
Pseudonymous analyst Altcoin Sherpa tells his 217,600 followers on the social media platform X that PepeCoin (PEPECOIN) could retrace to a key level before resuming an uptrend.
“Strong PepeCoin is doing well right now, showing a lot of strength. To be determined if this is going to continue momentum, but watch out for the 200-day EMA (exponential moving average) around here. $2.30ish would be a decent entry in the short term. I have a bag.”
Source: Altcoin Sherpa/X
PepeCoin is trading for $2.97 at time of writing, a gain of more than 27,000% since October 13th, 2023 when it was worth $0.01088.
Next up, the analyst compares the price chart
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!