Crypto analyst Altcoin Sherpa has shared fresh insights on several meme coins, suggesting that while volatility remains high, certain areas on the charts could signal promising entry points or profit-taking zones.
According to Sherpa, POPCAT is one of the meme tokens to watch. It recently entered a strong support zone that historically served as a launchpad for upward moves.
While he’s not certain it will return to previous highs, the analyst believes this range looks favorable for another leg up and plans to go long again soon.
BONK is another name on his radar. Though Sherpa is hoping for an even lower entry, he’s unsure whether the price will dip that far.
The coin currently hovers near the 200-day EMA, a critical area that might act as support or set the stage for a reversal.
Meanwhile, WIF and PEPE are two meme tokens he’s currently holding. Sherpa suggests that if the recent uptrend continues, he will likely start taking profits over the next few days.
That said, he’s still bullish short term and could even add to his positions depending on how the price action unfolds.
Overall, while the meme coin sector remains unpredictable, Sherpa’s strategy focuses on identifying key support and resistance zones and adjusting exposure accordingly. Traders eyeing short-term plays may find opportunity, but caution remains essential.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/4-meme-coins-that-could-be-ready-for-a-move-according-to-crypto-expert/