Could PEPE, WIF, And POPCAT Outshine Shiba Inu And Dogecoin In The Next Meme Coin Rally?
Posted On October 2, 2024
A prominent crypto trader suggests that meme coins like PEPE (CRYPTO: PEPE), Dogwifhat (CRYPTO: WIF) and Popcat (CRYPTO: POPCAT) are poised for potential breakouts based on a technical indicator.
What Happened: The Elliott Wave theory posits that a bullish asset often undergoes a five-wave rally before reaching its peak and usually rebounds after completing an ABC correction.
Pseudonymous analyst Bluntz‘s chart analysis indicates that PEPE may have concluded its ABC correction and could be entering a new wave of bullish momentum.
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