Analyst Predicts Significant Rise for MEW Memecoin

Analyst Forecasts Substantial Surge for MEW Memecoin

A prominent analyst and trader predicts a promising outlook for MEW, a Solana-based memecoin inspired by pets. The analyst, with a substantial following of 283,800 on social media, shared positive expectations regarding other popular memecoins, Dogecoin (DOGE) and Shiba Inu (SHIB).

MEW's Growth Potential

The analyst, known as Bluntz, noted that MEW has been consolidating within a symmetrical triangle formation, indicating the potential for an imminent breakout. A decisive break above resistance could signal a sustained upward trend. Bluntz forecasts that a bullish breakout could drive MEW's price towards $0.011.

Dogecoin's Appeal

Bluntz emphasized the importance of Dogecoin, despite the emergence of newer meme tokens. He highlighted DOGE's rapid growth since its inception, stating that "DOGE can increase by 30 times within weeks when Bitcoin typically trades at all-time highs."

Shiba Inu's Promise

Bluntz also expressed optimism for Shiba Inu, noting that SHIB has overcome a key resistance level that could mark the end of its downtrend since early 2024. This breakout enhances SHIB's potential for upward momentum. He suggested that those who missed the Dogecoin surge could consider investing in SHIB or FLOKI.

Market Trends and Investment Decisions

Currently, MEW trades around $0.00904, Dogecoin at $0.145 with a daily gain of over 7%, and Shiba Inu at $0.000019. The analyst advises traders to monitor market trends and assess technical indicators alongside these forecasts. Investors should approach investment decisions judiciously.