{"id":209691,"date":"2025-04-28T00:22:33","date_gmt":"2025-04-28T00:22:33","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/analyst-says-solana-based-memecoin-going-much-higher-sees-pengu-facing-true-test-after-april-surge\/"},"modified":"2025-04-28T00:22:33","modified_gmt":"2025-04-28T00:22:33","slug":"analyst-says-solana-based-memecoin-going-much-higher-sees-pengu-facing-true-test-after-april-surge","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=209691","title":{"rendered":"Analyst Says Solana-Based Memecoin Going Much Higher, Sees PENGU Facing \u2018True Test\u2019 After April Surge"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>A closely followed crypto strategist believes one memecoin running on Solana (<a href=\"https:\/\/dailyhodl.com\/currencies\/solana\/\" rel=\"noopener\" target=\"_blank\">SOL<\/a>) is not yet done rallying, even after posting over 60% gains this month.<\/p>\n<p>Pseudonymous analyst Altcoin Sherpa <a href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1915912004038234346\" rel=\"noopener\" target=\"_blank\">tells<\/a> his 245,000 followers on the social media platform X that he\u2019s bullish on Bonk (<a href=\"https:\/\/dailyhodl.com\/currencies\/bonk\/\" rel=\"noopener\" target=\"_blank\">BONK<\/a>) following the altcoin\u2019s breakout of an accumulation zone on the three-day chart.<\/p>\n<p>The trader shares a chart suggesting that BONK can rally to as high as $0.0000262 after taking out its resistance at $0.0000142.<\/p>\n<p><em>\u201cBONK is going much higher (I have a bag). Looks good on the charts as well.<\/em><\/p>\n<p><em>Think I\u2019m going to add to my position if I get a small dip.\u201d<\/em><\/p>\n<figure style=\"width: 1455px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GpavzMbbEAAaROi?format=jpg&amp;name=large\" alt=\"Image\" width=\"1455\" height=\"874\"\/><figcaption class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p>At time of writing, BONK is trading for $0.0000182.<\/p>\n<p>Turning to the native asset of the non-fungible token (NFT) project Pudgy Penguins (<a href=\"https:\/\/dailyhodl.com\/currencies\/pudgy-penguins\/\" rel=\"noopener\" target=\"_blank\">PENGU<\/a>), the trader <a href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1915735554148405271\" rel=\"noopener\" target=\"_blank\">says<\/a> the altcoin needs to print a bullish higher low setup at around $0.0065 to start reversing its multi-month downtrend. Otherwise, Altcoin Sherpa warns that PENGU may drop to as low as $0.004.<\/p>\n<p><em>\u201cCoins like PENGU got rekt the last several months but are showing some signs of life. The true test is going to be where the next low is and how the reaction is.<\/em><\/p>\n<p><em>The trend is still bearish, so don\u2019t be so quick to catch knives. That said, we could see some reversal if the environment continues to ease up.\u201d<\/em><\/p>\n<figure style=\"width: 1447px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GpYPUfEacAEgacy?format=jpg&amp;name=large\" alt=\"Image\" width=\"1447\" height=\"874\"\/><figcaption class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p>Based on the trader\u2019s chart, he appears to suggest that PENGU may soar to as high as $0.014 if the altcoin manages to establish a higher low.<\/p>\n<p>At time of writing, PENGU is worth $0.00985.<\/p>\n<p>As for the broader altcoin market, the analyst <a href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1915869978190135297\" rel=\"noopener\" target=\"_blank\">warns<\/a> that most coins are still in a high-time-frame downtrend and that the gains witnessed this month could be erased. However, Altcoin Sherpa notes that it is now within the realm of possibility for altcoins to start carving a major cycle bottom en route to a bullish reversal.<\/p>\n<p><em>\u201cTo be clear, I\u2019m pretty bullish overall and think that we\u2019re going higher and the next major dip is a BUY THE DIP situation.<\/em><\/p>\n<p><em>HOWEVER, most alts still are in bearish market structures (see TAO) and continuation of that trend is down. I think we go higher for everything, but just a careful reminder that these sh*tcoins are still in bearish trends and have made lower highs, lower lows.<\/em><\/p>\n<p><em>I do think that we\u2019re doing better, though.\u201d<br \/><\/em><\/p>\n<figure style=\"width: 1454px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GpaJlCrbEAASL1M?format=jpg&amp;name=large\" alt=\"Image\" width=\"1454\" height=\"874\"\/><figcaption class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p><em><span style=\"font-size: 13pt;\">Follow us on <a href=\"https:\/\/x.com\/TheDailyHodl\" target=\"_blank\" rel=\"noopener\">X<\/a>, <a href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> and <a href=\"https:\/\/t.me\/thedailyhodl\" target=\"_blank\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt;\">Don&#8217;t Miss a Beat \u2013 <a href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt;\">Check <a href=\"https:\/\/dailyhodl.com\/crypto-markets\/\" target=\"_blank\" rel=\"noopener\">Price Action<\/a><\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt;\">Surf <a href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<br \/>\n<center><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\"\/><\/center><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><em style=\"font-size: 13.3333px;\">Featured Image: Shutterstock\/Art Furnace\/Natalia Siiatovskaia<\/em><\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>A closely followed crypto strategist believes one memecoin running on Solana (SOL) is not yet done rallying, even after posting over 60% gains this month. Pseudonymous analyst Altcoin Sherpa tells his 245,000 followers on the social media platform X that he\u2019s bullish on Bonk (BONK) following the altcoin\u2019s breakout of an accumulation zone on the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":209692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12030],"tags":[13647,14545,4759,63506,17475,11029,14738,1820,27151,39259,16699,14895,13714,13597,11086,5053],"dealstore":[],"offerexpiration":[],"class_list":["post-209691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-altcoins","tag-analyst","tag-april","tag-bonk","tag-facing","tag-higher","tag-memecoin","tag-news","tag-pengu","tag-pudgy-penguins","tag-sees","tag-solanabased","tag-surge","tag-test","tag-trading","tag-true"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analyst Says Solana-Based Memecoin Going Much Higher, Sees PENGU Facing \u2018True Test\u2019 After April Surge - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=209691\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analyst Says Solana-Based Memecoin Going Much Higher, Sees PENGU Facing \u2018True Test\u2019 After April Surge - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"A closely followed crypto strategist believes one memecoin running on Solana (SOL) is not yet done rallying, even after posting over 60% gains this month. 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