Analyst Predicts Bullish Reversals for Three Under-the-Radar Memecoins, Says One Meme Token Leading the Pack
An analyst who has earned the Master Trader rank on the crypto exchange Bybit believes memecoins are starting to flip bullish. Pseudonymous analyst Bluntz tells his 328,100 followers on X that the meme token Pudgy Penguins (PENGU) is flashing a bullish reversal signal on the eight-hour chart. “When this PENGU wedge inevitably breaks, I think it will full send. In fact, all memes are low-key starting to look really good again.” Source: Bluntz/X At time of writing, PENGU is trading at $0.323, up over 12% on the day. Another memecoin on the trader’s radar is Useless Coin (USELESS). Bluntz says USELESS appears to have completed an ABC correction on the daily chart, suggesting new rallies are in sight. The trader practices the Elliott Wave theory, which states that a bullish asset tends to launch a five-wave surge after concluding an ABC corrective wave. “Got a lot of hate for saying this, but this was in fact the top before a 63% pullback. ...