PEPE Price Surges 22% – Is Dogwifhat (WIF) the Next Meme Coin Token to Break Resistance and Pump?
Release: 2024/10/08 00:34 Reading: 760
PEPE and WIF: Bullish Meme Coins Witness Market Momentum
Meme coins PEPE and WIF have recently gained significant traction in the cryptocurrency market. PEPE's price experienced a remarkable 22% surge after a crucial support bounce, while WIF's price continues to build momentum following the breakout of a key technical pattern.
Both tokens have exhibited bullish behavior, positioning them as noteworthy meme coins in the current crypto landscape. Crypto analysts Sjuul (@AltCryptoGems) and Market Spotter (@MarketSpotter) have identified technical setups for PEPE and WIF that indicate potential for further upward movement.
PEPE Price Breaks Key Support, Surges 22%
PEPE's recent 22% rally occurred after it tested and rebounded powerfully from a long-standing support zone. The chart depicts a horizontal support line that has been repeatedly tested and respected by buyers. This support zone played a crucial role in the price's movement, prompting the 22% surge.
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Image Source: X/AltCryptoGems
Sjuul from AltCryptoGems emphasized the significance of this move, stating that the price "started to pump just from there." The rally was characterized by higher lows, indicating growing bullish sentiment. The price action suggests that PEPE is positioned for further gains, provided it breaks through the next resistance level near 0.000001300.
Dogwifhat (WIF) Price Eyes Key Resistance After Bullish Breakout
Dogwifhat (WIF) has also exhibited bullish momentum, breaking out of a symmetrical triangle pattern on the weekly chart. This breakout, highlighted by Market Spotter on X, has resulted in sustained upward movement, with the price approaching a significant resistance level at $3.
src="/uploads/20241008/172832040767041397c2ddc.png">
Image Source: X/AltCryptoGems
Market Spotter's analysis suggests that a break above this resistance could lead to a new all-time high for WIF. The ascending support line on the WIF chart, combined with recent bullish candles, indicates increasing buyer confidence. WIF's price currently stands at $2.67 and has gained 13.26% over the past 24 hours, further indicating strong momentum.
Next Targets for PEPE and WIF
For PEPE, the next key target lies near the 0.000001300 resistance zone. If the token breaches this level, it could facilitate a continued bullish run. WIF, on the other hand, must overcome the $3 resistance to unlock the potential for new highs. According to chart analysis, if successful, the price could potentially reach $5.
Both tokens have demonstrated strong technical setups, and their current price action suggests the potential for further upside. Traders are closely monitoring these resistance levels as potential turning points for even greater gains.
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