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Crypto Dog, a leading cryptocurrency analyst and trader known by the pseudonym, has expressed a bullish outlook for the memecoin Jeo Boden (BODEN), which has seen a significant rise since early March, increasing over twentyfold. The analyst also spoke positively about dogwifhat (WIF) and Near Protocol (NEAR).
Expecting an Upward Surge in Memecoins, Especially BODEN
Sharing his latest market observations with his followers on the social media platform X, Crypto Dog suggested that BODEN is poised for a significant breakout following a consolidation period, as indicated by its current chart pattern.
According to Crypto Dog’s analysis, BODEN is currently testing a downward sloping resistance level on the daily chart, which indicates a potential upward movement in its price trajectory. As of the writing of this article, BODEN is trading at $0.639, which represents a significant rise of approximately 2466% from its all-time low (ATL) of $0.0249 on March 9th.
In addition to BODEN, Crypto Dog highlighted bullish signals from other memecoins like WIF, indicating a positive trend across the memecoin market. This optimistic outlook reveals interest in the memecoin branch of the altcoin market, beyond mainstream assets like Bitcoin and Ethereum.
Extremely Positive on NEAR
Following BODE and WIF, Crypto Dog analyzed Near Protocol’s mainnet asset NEAR, citing factors such as the artificial intelligence narrative. Near Protocol Co-Founder Illia Polosukhin recently emphasized that artificial intelligence is a fundamental narrative for the platform’s ecosystem, supporting Crypto Dog’s bullish expectations for NEAR.
Despite recent market fluctuations, NEAR is performing strongly, trading at $6.81 at the time of this writing, and has seen a notable increase of about 17% over the last seven days. Crypto Dog noted that Near Protocol’s structural strength, combined with its performance relative to Bitcoin (BTC) and Solana (SOL), positions it positively for potential growth in the coming weeks and months.
