A widely followed crypto analyst believes the two meme coins have the potential for significant upside in the coming months.
Altcoin Sherpa, the anonymous cryptocurrency trader tell He expressed bullishness on both Pepe and Pepecoin to his 216,400 followers on social media platform X.
However, he cautions that the meme coin may retest the lower levels first.
“While both will probably fall in the short term, I still believe they will both rise significantly in the coming months. I have both.”
A look at the daily chart of traders suggests that Pepe may retest the $0.00001084 support level. Pepe is trading at $0.00001506 at the time of writing, up around 5% in the past 24 hours.
As for PepeCoin, Altcoin Sherpa shared a chart suggesting the meme token is poised to drop after crossing the $5.50 resistance.
PepeCoin was trading at $5.31 at the time of writing, down about 3% from the previous day.
Traders also To tell He said he is long-term bullish on Render (RNDR), the native asset of the decentralized graphics processing unit (GPU) rendering blockchain.
“RNDR: Not very active trading, just buying when prices drop and dollar cost averaging. AI coins didn’t do very well last week, so a little calm would make sense. Still bullish on the cycle though.”
Render is trading at $10.06 at the time of writing, and has risen slightly over the past 24 hours.
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