A closely followed crypto analyst believes one meme token operating on Solana (SOL<\/a>) is in the early stages of a market recovery.<\/p>\n Pseudonymous analyst Altcoin Sherpa tells his 243,800 followers on the social media platform X that he\u2019s bullish on the memecoin Bonk (BONK<\/a>).<\/p>\n The trader shares<\/a> a chart suggesting that BONK will face resistance at the $0.000012 level before printing a bullish higher low setup and rallying to his target above $0.0000145.<\/p>\n \u201cBONK is looking strong in the short term, and should go higher. Should be a pullback around the 200 EMA (exponential moving average) on the four-hour chart but still, I think this has pulled back enough to where any buying down here is probably reasonable.\u201d<\/em><\/p>\n At time of writing, BONK is worth $0.00001376.<\/p>\n Turning to the low-cap altcoin Alchemist AI (ALCH<\/a>), the analyst says<\/a> the coin appears to be in an uptrend and that he\u2019s waiting for potential dips to accumulate the asset.<\/p>\n ALCH is an artificial intelligence (AI)-based crypto project that allows users with no coding skills to generate codes by providing natural language descriptions.<\/p>\n Says Altcoin Sherpa,<\/p>\n \u201cALCH still seems like a really strong chart, don\u2019t see it being mentioned much. I think it\u2019s basically taken the place of ARC; a super volatile AI coin that moves 20% a day. Not in it but traded it a lot before; will look to buy dips.\u201d<\/em><\/p>\n At time of writing, ALCH is the 431st-largest crypto asset by market cap, trading at $0.109.<\/p>\n Looking at Bitcoin, Altcoin Sherpa thinks<\/a> that BTC<\/a> will continue to consolidate within a large trading range in the short to mid-term.<\/p>\n \u201cExpecting there is some sort of chop between $70,000-$90,000 over the next several weeks for BTC. Relative bottom probably in, but still some more consolidation to come.\u201d<\/em><\/p>\n At time of writing, Bitcoin is trading for $85,366.<\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>   Generated Image: DALLE3<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A closely followed crypto analyst believes one meme token operating on Solana (SOL) is in the early stages of a market recovery. Pseudonymous analyst Altcoin Sherpa tells his 243,800 followers on the social media platform X that he\u2019s bullish on the memecoin Bonk (BONK). The trader shares a chart suggesting that BONK will face resistance […]<\/p>\n","protected":false},"author":2,"featured_media":388880,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-388877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/388877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=388877"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/388877\/revisions"}],"predecessor-version":[{"id":388884,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/388877\/revisions\/388884"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/388880"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=388877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=388877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=388877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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