Sherpa shared comparative charts highlighting these bullish phases, with durations ranging from 44 days to 73 days across various tokens.

While these runs have been substantial in terms of price appreciation, he notes they tend to follow a predictable pattern in terms of duration and volume surge.

In a follow-up analysis, Sherpa pointed out that POPcat is showing early signs of a potential double top—a bearish chart pattern where two peaks form at similar price levels, often signaling a trend reversal.

 

He noted that the token has made a lower high and is now pulling back, though he doesn’t believe the bull cycle is necessarily over just yet.

“The next few days should be pretty telling,” he said, suggesting that traders should watch closely for confirmation of whether this is a temporary correction or a more structural shift in sentiment.

The post Crypto Expert Cautions on Potential Exhaustion in Meme Coin Rally appeared first on Coindoo.

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Filed under: Bitcoin - @ May 24, 2025 5:00 am