Trader Says Memecoin That’s Exploded Over 2,400% in Weeks About To Go Higher, Updates Outlook on Near Protocol

A extensively adopted cryptocurrency analyst and dealer is expressing bullish sentiment on a memecoin that has gone up greater than twenty-fold since early March.

The dealer pseudonymous often called Crypto Canine tells his 775,500 followers on the social media platform X that the memecoin Jeo Boden (BODEN) is on the cusp of breaking out after a interval of consolidation.

Based mostly on the Crypto Canine’s chart, it seems that BODEN is testing a downward-sloping resistance degree on the every day chart.

BODEN is buying and selling at $0.639 at time of writing, up by round 2,466% from the all-time of $0.0249 reached on March ninth.

In keeping with the pseudonymous analyst, a wide range of memecoins together with dogwifhat (WIF) are sending bullish indicators.

“Not simply WIF although, an excellent handful of mid/excessive cap memecoins are aiming for brand spanking new highs.”

Turning to NEAR Protocol (NEAR), the pseudonymous analyst says he’s bullish on the Ethereum competitor primarily based on the unreal intelligence (AI) narrative, amongst different issues. The layer-1 blockchain’s Co-Founder Illia Polosukhin final 12 months mentioned that AI can be “one of many core verticals for the NEAR ecosystem heading into 2024”.

“…nonetheless suppose NEAR will lead over the following weeks, months.

Structurally it appears to be like nice, erased latest dip outperforming Bitcoin and even Solana.”

NEAR Protocol is buying and selling at $6.81 at time of writing, up by round 17% over the previous seven days.

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