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A well-known analyst and trader has expressed a positive outlook on MEW, a Solana 
$171-based pet-themed memecoin. The analyst also shared expectations regarding Dogecoin 
$0.00000005911084 (DOGE) and Shiba Inu (SHIB).
MEW’s Potential for Growth
The analyst, known as Bluntz, informed his 283,800 followers on social media that MEW has recently been trading within a symmetrical triangle formation, suggesting it could experience an imminent surge. If the asset breaks through its resistance level, it may indicate a continuing upward trend. Bluntz forecasts that in the event of a breakout, MEW’s price could approach $0.011.
Offering insights on Dogecoin, Bluntz stated that ignoring this cryptocurrency would be a “big mistake,” despite the emergence of new meme tokens. He highlighted DOGE as one of the most rapidly moving cryptocurrencies since its inception. According to Bluntz, “DOGE can increase by 30 times within weeks when Bitcoin 
$0.000039 typically trades at all-time highs.”
Highlighting Shiba Inu
Bluntz also closely monitored Shiba Inu, noting that SHIB has broken a resistance level that could end its downward trend starting in the first quarter of 2024. This development enhances SHIB’s potential for upward movement. He added, “If you missed the DOGE surge, SHIB or FLOKI presents an opportunity.”
Currently, MEW trades at $0.00904, while Dogecoin is at $0.145, having seen an increase of over 7% in the last day. Shiba Inu is trading at $0.000019.
The analyst emphasizes the potential upward movements for these altcoins, advising traders to closely monitor market trends. When evaluating the analyst’s predictions, investors should consider market dynamics and technical indicators.
