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Is Bitcoin’s breakout above $64,000 the start of a major rally, and what does a surge in Solana meme coins mean for Poodlana? The meme coin, which sold off heavily as cryptocurrencies struggled, is up 15% this past week.
Can Poodlana’s POODL reclaim upside momentum and establish itself as the new top dog-themed meme coin of the bull market?
Bitcoin tops $64k – Forecasts for BTC price?
BTC price topped $64,655 in early trading hours on Oct. 14. The spike during the Asian trading session came after bulls battled bearish pressure near $60k over the previous week.
Crypto analysts are now predicting a potential continuation for the flagship cryptocurrency.
“Bitcoin buy walls on all exchanges are now strong enough to neutralize sell walls,” Ki Young Ju, the CEO of CryptoQuant and a top crypto analyst, said in a post on X.
This suggests buyers may strengthen in coming months, pushing BTC higher and pulling alts with them.
Young Ju also notes that Bitcoin has seen an 8-month shakeout of weak hands, and keeping prices above $62k puts bulls in the driver’s seat.
Also bullish on Bitcoin going into the election period and further rate cuts is crypto analyst Michael van de Poppe. According to van de Poppe, further consolidation should pave way for a fresh BTC surge.
“Probably we’ll have 1-2 days of consolidation on Bitcoin, however we’ve already tested $62,000. A test of $64,000 will likely bring the big breakout we’re looking for. The build-up is massive,” the analyst noted.
Is Poodlana a buy as BTC bounces?
Poodlana has seen a spike in interest in the past week amid a surge in global search volume for “memecoins.”
Ki Young Ju recently noted that the buy pressure in meme coins could continue. While the metric reached multi-month high levels last week, its possible interest pushes it to the all-time high of 100.
Memecoin Google search volume is expected to reach an all-time high this month.
This might be an investment opportunity as the crypto ecosystem steadies. Notable bullish catalysts could be around the interest rates and the US election. It’s this that has smart investors scrambling to buy top meme coin gems.
While PolitiFi tokens gain notable pace as the US election nears, most of the outperformance in recent weeks has been in dog-themed coins.
Poodlana, which raised $8 million in its presale and astounded with an explosive entry in the market amid exchange listings, is one of those to shine as “uptober” shapes up. Smart investors know the market’s cycles present an opportunity and sell-offs are for buying.
Meme coins replacing last cycle’s top tokens, including layer-1 coins, is possible. POODL is a dog-themed meme coin combining luxury fashion and meme culture to offer a unique token ecosystem. It’s more than meme hype, with long term utility as per their roadmap suggesting brand growth via partnerships and community initiatives.
In this case, a bet on Poodlana at current levels may be a major move when crypto skyrocket in the next few months.
The post Poodlana builds momentum as BTC surges: Buy POODL? appeared first on Invezz
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