A popular crypto strategist believes that memecoins will have their day under the sun after getting crushed over the last few months.

Pseudonymous trader Altcoin Sherpa tells his 244,300 followers on the social media platform X that he expects meme tokens to eventually take center stage, highlighting that the crypto sector relies on trader attention.

But while the analyst believes that memecoins will make a comeback, he says those that have been around longer than others will likely lead the surge.

One asset on his radar is the Solana (SOL)-based token Bonk (BONK).

“Most memes got smashed overall but I think that they’ll eventually come back to some degree. Memes by nature are attention driven but I do think that some of the more ‘Lindy’ ones will have a better chance

You probably just go off ecosystem. When SOL is hot, coins like BONK are going to be decent bets (along with some others like Fartcoin and WIF and others). BONK being down 85% from highs to lows probably makes it an ok bet down here (I have a bag of it).”

The trader is referring to the Lindy Effect, a concept suggesting that the longer something has survived, the longer it’s likely to keep surviving.

At time of writing, BONK is worth $0.000012.

Another memecoin on the trader’s roster is the Ethereum (ETH)-based token Pepe (PEPE).

“Feels like PEPE is also around a bottom, too.

PEPE obviously an ETH beta but it’s also a good one if BTC starts going wild in my opinion.” 

Looking at the trader’s chart, he seems to predict that PEPE would either rally to a high of $0.000015 or collapse to a new 2025 low of $0.000001.

At time of writing, PEPE is trading for $0.000007.

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It has been a brutal market in recent weeks. But this morning, most major meme coins have finally seen a much welcomed bounce.

That said, the Official Trump (TRUMP) token lags behind its meme coin competitors, posting middling gains comparatively, while President Donald Trump’s trade war rages on.

Sector leaders Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have rebounded 9.2%, 7.9%, and 16.3% respectively. Although the fourth largest meme coin by market capitalization, Official Trump (TRUMP), has climbed just 1.5%. It’s now down 21% over the week—the biggest weekly loss among the top five meme coins by market cap.

TRUMP launched just days before the President’s inauguration, sending the market into euphoria as traders believed a new era for crypto was upon us.

However, when the first lady launched her own token, Melania Meme (MELANIA), the TRUMP token crashed 32% over six hours. Both tokens have mostly been in the red since then. The TRUMP token has now sagged 85% from its all-time high to a $2.09 billion market cap.

At its peak, TRUMP was at $15.16 billion. That made it the second largest meme coin by market cap.

As of February 11, 9.6% betters on Myriad Markets—a prediction market owned by Decrypt parent company Dastan—believed that TRUMP will end Q1 as the top meme coin by market cap. But as of today, the share of TRUMP believers has shrunk to just 2.8%, with 68% of betters thinking it stays in fourth place and 15% thinking it falls out of the top 10 entirely.

Out of the top 10 meme coins by market cap, only Brett (BRETT) has performed worse than TRUMP over the past seven days, according to CoinGecko data, falling 25%.

The poor performance of the President’s official meme coin is likely a symptom of Trump falling out of favor in the eyes of the public.

According to pollster YouGov, 38% of US adults believe that Donald Trump is doing a “much worse” job so far in his second term than they expected. Equally, Trump’s disapproval rating has started to climb from 45.8% the week after inauguration to 48.9% last week. In doing this, 51% of US registered voters now view the President unfavorably.

Trump’s second term has already been filled with drama and controversy, including a public argument with President Volodymyr Zelensky of Ukraine. But most important, at least for crypto investors, has been his trade war with the U.S.’s largest trading partners.

Most recently, Trump’s 25% tariff on steel and aluminium came into effect. That’s caused the European Union to announce it will retaliate with “countermeasures.”

As such, the S&P 500 has also fallen 3.6% over the past five days and extended its monthly loss to 8.4, according to TradingView. With the broader traditional market bleeding, high risk assets like meme coins often also take a hit.

That said, despite the S&P 500’s continued decline of 0.76% on the day, the overall meme coin market, according to CoinGecko, has bounced 8%.

Maybe Fartcoin—which has gained 21% in the past day—really is the future of finance.

Edited by Stacy Elliott.

The PEPE price is currently trading within a Falling Wedge pattern, a historically bullish indicator that suggests an imminent breakout. A crypto analyst predicts that a decisive move above key resistance levels could trigger a 150% rally towards new all-time highs for PEPE.   

Key Resistance To Ignite PEPE Price Rally

Over the past few weeks, Pepe, the popular frog-themed meme coin, has been stuck in a downtrend, consistently rejecting off of a descending resistance trendline. The meme coin had initially experienced significant gains earlier this year. However, with the recent volatility and the decline in the broader market, PEPE and many other cryptocurrencies have recorded severe losses. 

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Despite the bearish performance, a pseudonymous TradingView analyst called ‘MyCryptoParadise’ has shared a bullish forecast for the PEPE price. The analyst projects that it could experience a massive 150% price surge, pushing it to $0.00003 and marking new all-time highs. 

For this prediction to become a reality, Pepe will have to confirm a price reversal by breaking above the descending resistance and claiming a new support, as seen on the chart. The TradingView analyst has asserted that Pepe must surpass the $0.000015 resistance, claiming it as new support and a potential launch pad to the bullish $0.00003 target. 

While breaking above a key resistance may seem like an easy feat, the PEPE price has failed to do so over the past few weeks. The meme coin has rejected multiple breakout attempts; however, technical indicators reveal that Pepe’s current price fundamentals remain bullish.

Notably, Pepe is trapped inside a Falling Wedge on its price chart, a pattern known to precede significant upward momentum once resistance is broken. If demand from buyers successfully pushes PEPE above its $0.000015 resistance level, the analyst believes that a parabolic rally may be in store for the meme coin. 

Pepe also forms a bullish divergence on the histogram in its chart, signaling a possible shift in momentum to the upside. The analyst has indicated that for Pepe to reach its projected ATH target, bulls will have to take control, helping to push the meme coin above the Falling Wedge pattern.  

Currently, the asset is sitting at $0.000006 and $0.000012, where buyers have historically stepped in to defend prices and avoid further breakdowns. A surge from its current price of $0.00000945 to $0.00003 would represent an over 150% increase. 

Bearish Scenario Unveiled

While he shared his bullish projection for the PEPE price, the TradingView analyst also presented an alternative bearish outlook for the meme coin. The analyst urged traders to remain cautious, as failing to hold the $0.000006 and $0.000012 could invalidate the previous bullish setup. 

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The analyst predicts that if the meme coin fails to break this zone, it could trigger increased downside pressure, exposing the meme coin to more risks and possibly triggering a deeper sell-off that would put bears in complete control.

Featured image from LinkedIn, chart from Tradingview.com