Altcoin
This meme cryptocurrency is one of the strongest altcoins
A well-known crypto strategist suggests that one of Dogecoin’s competitors (DOGE) is significantly ahead of other altcoins.
The pseudonymous analyst known as Cred informed his followers on social media platform X that he was bullish views for the Pepe (PEPE) cryptocurrency meme.
Cred noticed PEPPER it is a leader among altcoins in terms of market structure. Despite last month’s overall market correction, the meme token is nearing its all-time high, indicating strength.
“PEPE: one of the strongest altcoins, ahead of many others by virtue of exceeding its maximum range (against Bonk and Doge who are still technically testing their respective resistances).”
At the time of writing, PEPE is priced at $0.00000844, which is about 20% lower than its all-time high of $0.0000106.
As for DogemonetaCred suggests that DOGE may lose momentum if it tests its immediate support at $0.147.
At the time of writing, DOGE is valued at $0.1584, which is close to the next breakout level according to the analyst.
In the case of another meme token Bonk (BONK) Cred believes the altcoin has a bullish appearance as it remains above the midpoint of its range at $0.000025.
“Strong from the bottom, to the top of the local range. Shallow pullback and/or breakout points are preferable. A rally towards the bottom of the range would be a difficult vision.”
At the time of writing, BONK is trading at $0.00002504.
