Altcoin Sherpa Predicts Potential Rise for PepeCoin and Synapse

Altcoin Sherpa Predicts Potential Rise for PepeCoin and Synapse

Popular crypto analyst Altcoin Sherpa suggests that PepeCoin (PEPECOIN) has further upward potential. He predicts that the coin could continue its upward trend after a pullback.

Uptrend in PEPECOIN

Altcoin Sherpa highlights PepeCoin's strong performance and notes that the price could retrace to the $2.30 level (200-day EMA). He indicates that this level could present a good entry point in the short term.

"PEPECOIN is showing great strength," says the analyst. "Pay attention to the 200-day EMA. $2.30 could be a good entry point. I've already made some purchases."

At the time of writing, PepeCoin trades at $2.97, up over 27,000% from its October 2023 low.

Synapse Follows Sui Network

Altcoin Sherpa compares the price charts of Synapse (SYN) and Sui Network (SUI) and suggests that SYN could follow SUI's earlier price movements. He notes the upward trend of several EMAs on the Synapse four-hour chart.

However, the analyst cautions that SYN lags behind other bridge projects and suggests there may be better investment opportunities.

"SUI has a strong offering and story," he says. "SYN is a weaker bridge. Other bridge projects are better investments, but SYN's chart looks promising."

At the time of writing, SUI trades at $1.01, up over 19%, while SYN trades at $0.61, up 8.6% in the last 24 hours.

This post was originally published on COINTURK NEWS.