Popular crypto analyst Altcoin Sherpa suggested that there might be more upward potential for PepeCoin (PEPECOIN). Speaking to his followers on the social media platform X, the analyst predicts that PepeCoin could continue its upward trend after a pullback to a critical level.
Analyst Sees Uptrend in PEPECOIN
Altcoin Sherpa emphasized that PEPECOIN is currently performing strongly and noted that the price could pull back to the $2.30 level, which corresponds to the 200-day Exponential Moving Average (EMA). He mentioned that the $2.30 level could be a good entry point in the short term and that a recovery from this level is possible.
Altcoin Sherpa said, “PEPECOIN is doing well right now, showing great strength. It is still uncertain whether this momentum will continue, but pay attention to the 200-day EMA here. Around $2.30 could be a good entry point in the short term. I made some purchases.”
At the time of writing, PepeCoin is trading at $2.97, having risen over 27,000% since its low of $0.01088 on October 13, 2023.
“Synapse (SYN) Follows Sui Network (SUI)”
Altcoin Sherpa also compared the price chart of the Synapse (SYN) protocol to that of the smart contract platform Sui Network (SUI). He suggested that the SYN price chart is forming a structure similar to SUI’s price movements and could rise soon. The analyst noted that several EMAs on the four-hour chart are moving upward, indicating positive momentum for SYN.
On the other hand, the analyst pointed out that SYN is lagging behind other bridge projects and that investors might find better alternatives, saying, “SUI has a solid offering and story. In contrast, SYN is a weak bridge, and there are better projects out there. Just looking at the chart, I like SYN, but it might take some time. I think other bridge projects are better investments, but this chart is definitely nice; let’s see what happens.”
At the time of writing, SUI is trading at $1.01, up over 19% in the last 24 hours, while SYN is trading at $0.61, up 8.6% in the same period.
