CandleFocus

Top Trader Says Altcoin That’s Up 2,000%+ in Two Months ‘Too Parabolic,’ Updates Forecast on PEPE

The cryptocurrency trader, Bluntz, believes that the memecoin Moo Deng (MOODENG) built on the Solana blockchain is experiencing a bearish reversal. Bluntz observes that MOODENG moved too high too fast and needs a significant correction before continuing its upward trend. On the other hand, Bluntz predicts that the memecoin Pepe (PEPE) may outperform the Solana-based memecoin dogwifhat (PEPE/WIF) after showing an ABC correction on the daily timeframe. Bluntz suggests that PEPE is currently looking strong against multiple cross pairs.

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