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    Home»Altcoins»Prime Dealer Says Altcoin That’s Up 2,000%+ in Two Months ‘Too Parabolic,’ Updates Forecast on PEPE – The Every day Hodl
    Prime Dealer Says Altcoin That’s Up 2,000%+ in Two Months ‘Too Parabolic,’ Updates Forecast on PEPE – The Every day Hodl
    Altcoins

    Prime Dealer Says Altcoin That’s Up 2,000%+ in Two Months ‘Too Parabolic,’ Updates Forecast on PEPE – The Every day Hodl

    By Daily Hodl StaffNovember 9, 2024No Comments2 Mins Read
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    A extensively adopted cryptocurrency dealer is warning that one low-cap memecoin constructed on the Solana (SOL) blockchain could abruptly witness a bearish reversal.

    Pseudonymous dealer Bluntz tells his 286,900 followers on the social media platform X that the hippopotamus-themed memecoin Moo Deng (MOODENG) seems to be within the midst of an ABC corrective transfer after briefly shattering the $0.30 stage.

    Bluntz practices the Elliott Wave principle, which states {that a} bullish asset tends to witness rallies after finishing an ABC transfer down. In line with the analyst, MOODENG moved too excessive too quick it wants a big correction earlier than the following leg up.

    “Might be wishful considering however I’d like to see a pullback right here on Moo Deng into white field so as to add. Beginning to get a wee bit too parabolic for my liking.”

    Image
    Supply: Bluntz/X

    Moo Deng hit a excessive of $0.335 on November eighth, up greater than 2,000% from $0.0154 on September twentieth.

    Subsequent up, the analyst believes that memecoin Pepe (PEPE) could outperform the Solana-based memecoin dogwifhat (PEPE/WIF) after printing an ABC correction on the every day timeframe.

    “Am an enormous WIF enjoyer however PEPE/WIF is giving me huge outperformance vibes. All the time making an attempt to be within the quickest horses and PEPE is wanting fairly quick proper now towards a number of cross pairs.”

    Image
    Supply: Bluntz/X

    At time of writing, PEPE is value $0.0000105.

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    Disclaimer: Opinions expressed at The Every day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses you could incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in affiliate internet marketing.

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