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Crypto Expert Cautions on Potential Exhaustion in Meme Coin Rally

  • Crypto expert Sherpa shared comparative charts highlighting bullish phases in meme coin rally, with durations ranging from 44 to 73 days across various tokens.
  • These rallies showed substantial price appreciation following a predictable pattern in duration and volume surge.
  • Sherpa pointed out that POPcat is displaying early signs of a potential double top, indicating a bearish trend reversal.
  • While the token has made a lower high and is pulling back, Sherpa suggests the bull cycle might not be over yet, urging traders to monitor the trend closely.

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