Analyst Says Solana-Based Memecoin Going Much Higher, Sees PENGU Facing ‘True Test’ After April Surge
A nearby Crypto strategist follows that the same operating on Solana (soil) has not yet rallying, even after having published more than 60% of gains this month.
Pseudonym analyst Altcoin Sherpa tell His 245,000 subscribers on the X social media platform that he is optimistic about Bonk (Bonk) after the escape by Altcoin of an accumulation zone on the three-day graph.
The trader shares a graph suggesting that Bonk can rally up to $ 0.0000262 after deleting its resistance at $ 0.0000142.
“Bonk goes much higher (I have a bag). It also looks good on graphics.
I think I will add to my position if I get a small drop.
At the time of writing, Bonk is negotiated at $ 0.0000182.
Turning to the native asset of the non -drinkable token project (NFT) Pugegy Penguins (Pengu), the merchant said Altcoin must print a higher configuration increased to around $ 0.0065 to start reversing its downward trend of several months. Otherwise, Altcoin Sherpa warns that the pingou could fall to $ 0.004.
“Pieces like Pingou have been reissued in recent months, but show certain signs of life. The real test will be where the next bottom is and how the reaction is.
The trend is always down, so don't be so quick to catch knives. That said, we could see an inversion if the environment continues to lie down. »»
Based on the trader graphic, it seems to suggest that the pingou can rise to powder up to $ 0.014 if the Altcoin manages to establish a lower lower.
At the time of writing, the Pingu is worth $ 0.00985.
As for the wider Altcoin market, the analyst warnings That most parts are still in a downward trend of time and that the gains observed this month could be erased. However, Altcoin Sherpa notes that it is now in the area of the possibility for Altcoins to start sculpt a major low cycle on the way to a bullish reversal.
“To be clear, I am quite optimistic overall and I think we are going above and that the next major decline is a situation of purchasing the decline.
However, most alts are still in lower lower market structures (see TAO) and the continuation of this trend is decreasing. I think we are going above for everything, but just a careful reminder that these tcoins are always in lower trends and have made lower, lower stockings.
I think, however, that we are better.
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Featured image: Shutterstock / Art Furnace / Natalia Siiatovskaia
