A widely followed analyst and trader is leaning bullish on the Solana-based pet-themed memecoin cat in a dogs world (MEW) while outlining his forecast for Dogecoin (DOGE) and Shiba Inu (SHIB).
The analyst pseudonymously known as Bluntz tells his 283,800 followers on the social media platform X that MEW is “about to break out very soon” after trading in a symmetrical triangle over the past few days.
A symmetrical triangle can be a bullish continuation pattern if an asset takes out its diagonal resistance.
Bluntz shares a chart suggesting that a breakout could send MEW close to $0.011.
