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Altcoin Sherpa Predicts Potential Rise for PepeCoin and Synapse

Aug 25, 2024
  1. Analyst Sees Uptrend in PEPECOIN
  2. Synapse Follows Sui Network
  3. Current Market Prices

Popular crypto analyst Altcoin Sherpa shared his future predictions for PepeCoin and Synapse.

Analyst Sees Uptrend in PEPECOIN

Altcoin Sherpa noted the strong current performance of PEPECOIN and suggested a possible price pullback to the $2.30 level, which corresponds to the 200-day Exponential Moving Average (EMA). He mentioned that the $2.30 level could be a good entry point in the short term, and a recovery from this level is possible.

PEPECOIN is doing well right now, showing great strength. It is still uncertain whether this momentum will continue, but pay attention to the 200-day EMA here. Around $2.30 could be a good entry point in the short term. I made some purchases.Altcoin Sherpa

Synapse Follows Sui Network

Altcoin Sherpa also compared the price chart of the Synapse (SYN) protocol to that of the smart contract platform Sui Network (SUI), suggesting that the SYN price chart is forming a structure similar to SUI’s price movements and could rise soon. The analyst noted that several EMAs on the four-hour chart are moving upward, indicating positive momentum for SYN.

SUI has a solid offering and story. In contrast, SYN is a weak bridge, and there are better projects out there. Just looking at the chart, I like SYN, but it might take some time. I think other bridge projects are better investments, but this chart is definitely nice; let’s see what happens.Altcoin Sherpa

Current Market Prices

At the time of writing, PepeCoin is trading at $2.97, having risen over 27,000% from its low of $0.01088 on October 13, 2023. Meanwhile, SUI is trading at $1.01, up 19% in the last 24 hours, and SYN is trading at $0.61, up 8.6% in the same period.

In conclusion, analyst Altcoin Sherpa sees potential for further growth in PepeCoin and Synapse, noting important entry levels and moments to watch.

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