A well-known analyst and trader has expressed positive expectations for MEW, a Solana-based pet-themed memecoin. He also shared his forecasts for Dogecoin and Shiba Inu.

MEW's Potential for Growth

The analyst, known as Bluntz, informed his 283,800 followers on social media that MEW has recently been trading within a symmetrical triangle formation, suggesting it could experience an imminent surge. If the asset breaks through its resistance level, it may indicate a continuing upward trend. Bluntz forecasts that in the event of a breakout, MEW’s price could approach $0.011.

Opinion on Dogecoin

Bluntz stated that ignoring this cryptocurrency would be a 'big mistake,' despite the emergence of new meme tokens. He highlighted DOGE as one of the most rapidly moving cryptocurrencies since its inception. According to Bluntz, 'DOGE can increase by 30 times within weeks when Bitcoin typically trades at all-time highs.'

Shiba Inu Highlights

Bluntz also closely monitored Shiba Inu, noting that SHIB has broken a resistance level that could end its downward trend starting in the first quarter of 2024. This development enhances SHIB’s potential for upward movement. He added, 'If you missed the DOGE surge, SHIB or FLOKI presents an opportunity.'

Currently, MEW trades at $0.00904, while Dogecoin is at $0.145, having seen an increase of over 7% in the last day. Shiba Inu is trading at $0.000019. The analyst emphasizes the potential upward movements for these altcoins, advising traders to closely monitor market trends. When evaluating the analyst’s predictions, investors should consider market dynamics and technical indicators.