Ethereum rival Mirror has just hit an all-time high for Memecoin, updating the outlook for Altcoins, analysts said

Coin Network reports: A Crypto Assets strategist said that Ethereum (ETH) competitors are following in the footsteps of the popular memecoin that recently hit new all-time highs. The analyst told his 393,500 followers on X that the market structure for Tier 1 protocol Near (NEAR) is similar to Pepe, a memecoin that has reached an all-time high in the last 24 hours. He expects a broad correction in the market and sees the falls as an opportunity to buy, targeting highs. Despite being bullish on NEAR, analysts say his sentiment does not extend to Pepe and mainstream altcoins. He believes that Bitcoin will reaccumulate in a range-bound environment and eventually break through to $100,000.