Renowned crypto analyst and trader, Crypto Dog, is sharing his optimistic outlook on a memecoin that has surged by more than twenty times since March. The trader, known by the pseudonym Crypto Dog, has conveyed to his 775,500 followers on the social media platform X that Jeo Boden (BODEN) is on the verge of a breakout after a period of consolidation. Based on Crypto Dog’s chart, it is evident that BODEN is currently testing a downward resistance level on the daily chart.

As of now, BODEN is trading at $0.639, experiencing a remarkable increase of approximately 2,466% since its all-time low of $0.0249 on March 9th. The pseudonymous analyst suggests that several other memecoins, including dogwifhat (WIF), are also displaying bullish indicators. He states, “Not only WIF, but also a handful of mid/high cap memecoins are aiming to reach new highs.”

Crypto Dog also expresses his bullish sentiment towards NEAR Protocol (NEAR), an Ethereum competitor, citing the artificial intelligence (AI) narrative as one of the reasons. The co-founder of NEAR Protocol, Illia Polosukhin, had previously stated that AI would be a significant focus for the NEAR ecosystem until 2024. Crypto Dog believes that NEAR will continue to lead in the coming weeks and months, emphasizing its strong structural performance and its ability to outperform Bitcoin and even Solana.

At the time of writing, NEAR Protocol is trading at $6.81, experiencing a notable increase of approximately 17% over the past seven days.

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