dogwifhat

Solana

Bitcoin

Sherpa

POPCAT

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-share-insights-on-bitcoin-and-solana-based-memecoins/" data-wpel-link="internal">Analysts Share Insights on Bitcoin and Solana-Based Memecoins</a> 
Cryptocurrencies experienced a significant drop after Bitcoin reached $70,000 on Monday. The BTC price fell to $64,500 following this rise. Despite the negative impact of BTC’s decline on the market, analysts remain optimistic about cryptocurrencies. A closely followed analyst and trader shared his views on a <a href="https://en.coin-turk.com/analyst-warns-of-impending-crush-for-memecoins-including-bitcoin/" data-wpel-link="internal">memecoin</a> created on the Solana (SOL) blockchain while also expressing his bullish expectations for Bitcoin (BTC). 
<h2 style="text-align: justify" id="1-bitcoin-in-tl">1 Bitcoin in TL?</h2> 
Altcoin Sherpa, an analyst, first highlighted Bitcoin in his statements on the social media platform X. He noted that Bitcoin might be ready to reach six-figure price levels. 
<blockquote> 
 There will be bumps along the way, but the path to $100,000 for BTC is programmed. Don’t get shaken and lose yourself along the way. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-376117" src="https://coin-turk.com/wp-content/uploads/2024/08/btc-1-coin-turk-com.png" alt="" width="544" height="295"> 
Bitcoin dropped to $64,679 after a 2.57% decline in the last 24 hours, while the BTC/TRY pair indicated a price of 2,147,000 TL. Despite the market decline, BTC’s 24-hour trading volume increased by over 31%, suggesting that some <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> might be buying the dip. 
According to the analyst, Bitcoin appears to have strong support between $63,800 and $65,000, where the 25, 55, 89, and 200 exponential moving averages (EMAs) converge on the daily chart. 
<h2 style="text-align: justify" id="popcat-comments">POPCAT Comments</h2> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-376114" src="https://coin-turk.com/wp-content/uploads/2024/08/popcat-1-coin-turk-com.png" alt="" width="542" height="297"> 
After Bitcoin, the analyst examined the Solana-based memecoin Popcat (POPCAT) and made significant statements. Altcoin Sherpa suggested that POPCAT might be one of the “better ones” in the long run among cat-themed projects in the meme coin market. 
Despite this positive outlook, Altcoin Sherpa noted that POPCAT is showing a bearish trend in the short term on the four-hour timeframe and mentioned that the price needs to move above the low range between $0.694 and $0.724 to eliminate further declines. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-376115" src="https://coin-turk.com/wp-content/uploads/2024/08/popcat-2-coin-turk-com.png" alt="" width="543" height="295"> 
Looking back, POPCAT was trading at $0.00379 on January 5. Today, it has gained over 10,000% with a price of $0.6597. 
<h2 style="text-align: justify" id="wif-price">WIF Price?</h2> 
Altcoin Sherpa lastly shared his views on another high-volume Solana-based memecoin, dogwifhat (WIF). According to the analyst, WIF looks “still quite good for now” on the four-hour timeframe and seems to have found a “better” support level at $2.10. 
<blockquote> 
 If I were you, I would probably average between $2.30 and $2.10 and trade it. 
</blockquote> 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-376116" src="https://coin-turk.com/wp-content/uploads/2024/08/wif-1-coin-turk-com.png" alt="" width="541" height="292"> 
As of the time of writing, WIF’s price has fallen below the level mentioned by the analyst. WIF is trading at around $2.01 after a 13% drop in the last 24 hours. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analysts-share-insights-on-bitcoin-and-solana-based-memecoins/" data-wpel-link="internal">Analysts Share Insights on Bitcoin and Solana-Based Memecoins</a></h5>
The post <a href="https://en.coin-turk.com/analysts-share-insights-on-bitcoin-and-solana-based-memecoins/" data-wpel-link="internal">Analysts Share Insights on Bitcoin and Solana-Based Memecoins</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Analysts Share Insights on Bitcoin and Solana-Based Memecoins

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