Market Participants Forecast Price Movements for Meme Coins
Release: 2024/10/05 03:14 Reading: 996
Market Participants Forecast Price Movements for Meme Coins
Meme coins have often led cryptocurrency surges, exemplified by SHIB's recent performance. During bear markets, alternative meme coins have proliferated. DOGS Coin, the first meme coin in the Telegram-supported TON Coin ecosystem, has joined other coins with active communities. This article analyzes price predictions for PEPE, BONK, WIF, and DOGS as October approaches.
PEPE Coin Commentary
After a rising trend in late February, reaching $0.00001726, PEPE Coin holders anticipate further highs. The support level at $0.00000830 remains strong, suggesting potential growth as BTC recovers above $61,700. Cryptocurrencies generally exhibit upward movement in the second week of October.
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If this trend continues, PEPE Coin could experience a 27% increase to $0.00001153. BTC's positive outlook, as it forms higher lows over the weekend, reinforces this optimistic forecast.
BONK Coin Commentary
BONK Coin has faced selling pressure at the midpoint of its parallel channel. Despite selling at $0.00002530, the support at $0.00002165 remains intact. The price may retest the channel's midpoint and resistance at $0.00002924. Breaking this resistance, with closing prices above $0.00003226, could signal renewed demand toward the May 2024 peak of $0.00004470.
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WIF Coin Commentary
WIF Coin has been a standout performer today, rising 16% to recoup yesterday's losses. A close above $2,440 could set a target of $2,897. Maintaining support at $2,512 is crucial for this uptrend.
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DOGS Coin Price Prediction
DOGS Coin has disappointed, dimming the outlook for other TON altcoins like HMSTR Token. Despite a rebound from $0.0006193, a genuine recovery seems unlikely without surpassing $0.0010354. This resistance level will face significant testing in the event of a sudden surge.
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