The cryptocurrency market regained its bullish momentum after the holiday. While the leading crypto Bitcoin is on its way to $97,000, altcoins are also witnessing strong increases. In particular, the performance of XRP and XLM is promising. For some tokens, however, the situation is a bit different. An analyst with a large following warns that some meme coin projects could fall off a cliff. The analyst also explains his strategies for ZEREBRO and HYPE.
The analyst predicts a correction and then a run on ZEREBRO!
As you have been following on Kriptokoin.com, the market has entered the green zone again. However, analysts warn to act strategically. The analyst, nicknamed Altcoin Sherpa, predicts that ZEREBRO, which describes itself as an AI system that autonomously creates content and distributes it to various platforms, will allow entries in the $0.40 range. After a correction, the analyst says that ZEREBRO will be “very strong” in the future. In this context, the analyst makes the following statement:
$0.50 is still resistance and I expect some kind of pullback between here and the low $0.60s but I still think this is going to be very strong going forward. I have a solid bag of this. The team is full of movers. I would see the $0.40 area as a good entry.
Meanwhile, at the time of writing, ZEREBRO was trading at $0.66, up 17% in the last 24 hours. The token surged over 91% on its weekly chart. ZEREBRO has seen a 133% rise on its monthly chart.
Analyst points to $50 for HYPE!
Altcoin Sherpa is also bullish on decentralized exchange Hyperliquid (HYPE). He says that those looking to take a long position on HYPE can start accumulating at current prices with a potential target above the $50 level. Meanwhile, at the time of writing, HYPE was trading at $0.2546. Accordingly, the analyst shares the following assessment:
HYPE DCA (dollar cost average) is between 30-25 and feel good about it. Also, consider saving some dry powder to buy lower should it come. The low 20s would be a gift and I plan to add a lot more if it comes in. I still think it will hit $50+ before the cycle ends.
Altcoin Sherpa warns about these 3 meme coin projects!
The analyst finally takes a look at the meme coin sector. Altcoin Sherpa says that most of the major memes like MOODENG, CHILLGUY or PNUT will “either ship hard” or “fall off a cliff” at current prices.
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