Altcoin
Altcoins will bounce ‘so hard’ off the bottom, says top trader – here’s his memecoin to watch
A closely followed cryptocurrency trader believes altcoins are preparing for a surge after a sharp correction.
Trader alias The Flow Horse tells According to its 200,300 followers on social media platform
“Putting Bitcoin aside, some of these alternatives will rebound very hard from normal mean reversion. Maybe I should put together a shopping list, but I still feel a little apathetic about trading until at least July.”
The analyst also chooses Pepe (PEPPER) like the memecoin he you think will surpass others, including dogwifhat (WIFE).
“Memecoins are not dead, but I don’t know if you want to refer to WIF as a representative pair or a horse to bet on. [WIF is] down against Solana from SOL’s all-time high (ATH), underperforming BTC from BTC ATH, both underperforming from their original April lows, underperforming from their latest highs.
The fittest horse is PEPE.”
PEPE is trading at $0.00001272 at the time of writing, up 20% in the last 24 hours.
However, the analyst He says that the WIF will likely bottom and is unlikely to drop to the $1 level.
“Feelings aside, I still prefer to be a buyer here than a seller. Getting $1 fills would be poetic, but that’s probably not happening.
Source: The Flow Horse/X
WIF is trading for $2 at the time of writing, up nearly 19% over the past 24 hours.
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