A popular crypto trader thinks the memecoin Pepe (PEPE) is about to make a big move. He compares its current chart to Bitcoin’s chart back in January 2023, when it was at a low point and then went on a massive rally.
Pepe’s Price Action Reminds Trader of Bitcoin’s Breakout
The trader, who goes by the name Bluntz, says Pepe’s chart looks like a “deja vu” moment. He believes the memecoin is currently at a bottom and is ready to bounce back. He points out that Bitcoin, after bottoming out in January 2023, surged over 360% in just 15 months.
Memecoins Expected to Outperform
Bluntz also believes that memecoins will outperform other cryptocurrencies when the market starts to rise again. He recommends keeping an eye on Pepe, as well as other popular memecoins like CAT, POPCAT, WIF, and FLOKI.
BNB Could Hit New Highs
The trader also thinks that BNB, the native cryptocurrency of the BNB Chain, is on the verge of a breakout. He sees a strong pattern on its chart and believes it could soon hit new all-time highs.
Disclaimer: This is not financial advice. Always do your own research before investing in cryptocurrencies.
/p>
