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In the volatile landscape of cryptocurrency, analyst Altcoin Sherpa has highlighted potential short-term corrections for Solana 
$147-based memecoins. He specifically noted the recent significant rise of the AI-driven Fartcoin and emphasized the need to monitor key technical correction levels and resistance points closely.
Fart Coin Forecast
Sherpa reported that Fartcoin has showcased remarkable performance, appreciating nearly 220% in the past month. He suggested that the price might breach the $1 resistance level, but prior to that, the Fibonacci correction level at $0.70 could be retested.
Altcoin Sherpa stated, “I don’t have many views on Fartcoin at this level; I expect a breakout at $1 or buying at $0.70. I believe it will rise further in the long run, but I’m uncertain about short-term movements. Overall, this dynamic indicates that the memecoin is gaining prominence in the cycle.”
Popcat Analysis
A different scenario was proposed for another Solana-based memecoin, Popcat. According to the analyst, Popcat’s price could decline towards approximately $0.23, coinciding with the Fibonacci correction level, and might later signal a recovery. A slight decrease has been observed in its current trading value.
Sherpa remarked, “I hope to enter Popcat at the $0.23 region; if it reaches this level, there could be minor buying opportunities in the short term.”
Fibonacci correction levels are essential techniques used in technical analysis to identify support and resistance points for an asset. The analyses conducted for both memecoins indicate that the market fluctuations need to be closely monitored.
The analyst expressed that the observed volatility in the memecoin market may vary in the short term, but bullish signals could persist in the long term. Investors are encouraged to reconsider their buying strategies if both assets approach the specified levels.
