A well-known analyst is feeling optimistic about a Solana-based memecoin called Cat in a Dogs World (MEW). They’re also sharing thoughts on Dogecoin (DOGE) and Shiba Inu (SHIB).

The analyst, who goes by the name Bluntz, recently told their 283,800 followers on the platform X that MEW is “about to break out very soon.” This comes after it has been trading in a symmetrical triangle pattern for a few days. If MEW breaks through its diagonal resistance, it could signal a bullish trend.

Bluntz shared a chart that suggests a breakout could push MEW to around $0.011. Right now, MEW is trading at $0.00904, which is above the pattern’s resistance level.

When it comes to Dogecoin, Bluntz warns against writing off this ninth-largest cryptocurrency. Despite the rise of new meme tokens, he says it would be a “huge mistake” to underestimate DOGE. “Since its inception, DOGE has always surged the hardest right at the end of the cycle,” he explains. “It often goes from rock bottom to 30x in just a few weeks.”

According to Bluntz’s three-day chart for Dogecoin, it looks like DOGE has broken out of a descending trendline that has kept it in a bearish state since March. Currently, Dogecoin is trading at $0.145, showing an increase of over 7% in the last day.

Bluntz is also keeping an eye on Shiba Inu. He points out that SHIB has broken through a diagonal resistance level, which may mark the end of a bearish trend that began in early 2024. “If you missed the DOGE breakout, then SHIB or FLOKI could be the next opportunity,” he suggests. As of now, Shiba Inu is trading at $0.000019.