Moo Deng and Solana Memecoins Surge, Challenge Dogecoin's Reign
TL;DR Summary
A prominent cryptocurrency trader, Bluntz, warns that the Solana-based memecoin Moo Deng (MOODENG), which surged over 2,000% in two months, may face a bearish reversal due to its parabolic rise. Using Elliott Wave theory, Bluntz suggests that MOODENG needs a significant correction before potentially rallying again. Additionally, Bluntz predicts that the memecoin Pepe (PEPE) might outperform the Solana-based dogwifhat (PEPE/WIF) after completing an ABC correction.
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