Memecoins sniff out crypto resurgence - $PEPE, $WIF, and $FLOKI explode
Release: 2024/09/27 19:02 Reading: 843
Bitcoin's Uptrend Leads Altcoins, Memecoins Take the Stage
Bitcoin (BTC) is reversing its downward trajectory, and altcoins are following suit. However, the memecoin sector is exhibiting notable volatility. Leading the charge are Pepe ($PEPE), Dog Wif Hat ($WIF), and Floki ($FLOKI).
$PEPE Surges Ahead of Rival Memes
Ranked 28th on CoinGecko with a market capitalization of $4.5 billion, $PEPE (PEPE/USD) is eclipsing larger rivals $DOGE and $SHIB. Since breaking through its downtrend on Thursday, $PEPE has surged 21.5%. Fibonacci levels suggest potential targets of $0.0000115 (0.5 Fibonacci), $0.000013 (0.618 Fibonacci), and $0.000015 (0.786 Fibonacci). The all-time high stands at $0.0000172.
$WIF Breaks Out of Wedge Pattern
Trading within a descending wedge since April, $WIF (WIF/USD) experienced a breakout on Tuesday. The price has since climbed 32.3% to $2.36. Fibonacci targets indicate potential upside at $2.51 (0.382), $2.96 (0.5), $3.40 (0.618), and $4.04 (0.786). The all-time high is at $4.84.
$FLOKI Rallies 31% After Trendline Break
$FLOKI (FLOKI/USD) has gained 31% since confirming its breakout from its descending trend line. Fibonacci levels suggest possible upside targets of $0.000192 (0.382 Fibonacci), $0.000222 (0.5 Fibonacci), $0.000252 (0.618 Fibonacci), and $0.000294 (0.786 Fibonacci). The all-time high is at $0.000349.
Disclaimer:
This article is for informational purposes only and should not be considered professional advice in any form.
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