Trader Says Two Memecoins Primed To Surge ‘Much Higher’ Over the Coming Months, Maps Path Forward for Render

A Crypto Analyst Predicts Bullish Upside for Two Memecoins

Cryptocurrency trader Altcoin Sherpa, with a following of over 216,000 on X, has expressed optimism about the growth potential of Pepe (PEPE) and PepeCoin (PEPECOIN).

However, Altcoin Sherpa cautions that the memecoins may experience a temporary pullback before reaching higher levels. He states, "Both of these probably pullback in the short term, but I'm still of the belief that they will both be much higher in the coming months. I have both."

Pepe (PEPE)

Altcoin Sherpa's daily chart suggests that Pepe may retest a support level at $0.00001084 before resuming its upward trajectory. At the time of writing, Pepe is trading at $0.00001506, representing a 5% increase over the past 24 hours.

PepeCoin (PEPECOIN)

Altcoin Sherpa's chart analysis indicates that PepeCoin may experience a temporary decline after encountering resistance at $5.50. At the time of writing, PepeCoin is trading at $5.31, marking a 3% decrease on the day.

Render (RNDR)

Altcoin Sherpa also expressed long-term bullish sentiment towards Render (RNDR), the native asset of a decentralized GPU rendering blockchain. He suggests that accumulating RNDR through dollar-cost averaging is a prudent strategy, even during market downturns.

"Artificial intelligence coins haven't done super well the last week, but it makes sense for them to cool a bit. Still bullish on this one for the cycle though," he notes.

At the time of writing, Render is trading at $10.06, showing a slight increase over the previous 24 hours.