Today, cryptocurrencies continue to progress in a way that will make investors happy. It was seen that the BTC price rose from the level of $ 64,000 to $ 67,000 again, and this caused the entire market to move. While these were happening in the market, one of the well-known analysts examined one of the meme coins that left their mark on the recent period, DOGE and Etheruem.

POPCAT Comment

A name who is a cryptocurrency analyst and trader who is closely followed by the market, made important statements about one of the meme coins that was created on the Solana (SOL) blockchain and also appeared not long ago. The analyst named Altcoin Sherpa stated in his statements on X that he still has a bullish feeling about Popcat ().

According to Altcoin Sherpa, themed memecoins, the names of which have been heard more frequently lately, will do very well in the future and will try to catch up with dog and frog themed projects.

Despite this bullish expectation, Altcoin Sherpa stated that memecoin could move downward if POPCAT forms a head and shoulders formation in its four-hour chart review. The head and shoulders formation is generally interpreted as a bearish reversal formation in technical analysis reviews.

The analyst's comment on the subject was as follows:

If this happens and Popcat is sold, all of its betas will die.

As of writing time, it finds buyers at $ 0.8757 after an 8% increase in the last 24 hours. According to Coinmarketcap data, it has increased by 5319% in the last year.

How Many Dollars Is Dogecoin?

After POPCAT, the analyst turned to Dogecoin (DOGE), which is unquestionably at the top of the meme coin market, and made important statements. According to the analyst's prediction, DOGE seems to have already visited the bottom level and may be positioned in the consolidation phase with the withdrawal before starting to rise.

Dogecion's price reached $0.1292 after a 4.32% rise in the last 24 hours, bringing the market volume back to close to $19 billion. It continues to maintain its 8th place in the market volume ranking.

Ethereum Reviews

Finally, the analyst examining Ethereum (ETH) emphasized that ETH, the market's second largest crypto asset in terms of volume, may continue to move with high volatility after the approval of spot Ethereum exchange-traded funds (ETFs) in the USA. According to the analyst, although it is lower for now, the old support level at $ 3,350 may offer a good opportunity for long position followers who want to step into the market in the future.

Ethereum price seems to have settled back in the $ 3,256 region after a 3% increase as of writing time.