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 generally known as 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 day by 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.
Based on 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 yr stated that AI could be “one of many core verticals for the NEAR ecosystem heading into 2024”.
“…nonetheless suppose NEAR will lead over the subsequent weeks, months.
Structurally it appears 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.
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Test Price Action
Comply with us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
![](https://dailyhodl.com/wp-content/uploads/2018/06/Get-Alerts-728x90.png)
Disclaimer: Opinions expressed at The Every day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses chances are you’ll incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in affiliate marketing online.
Generated Picture: DALLE3