WIF, DOGE, PEPE, FLOKI, BONK, SHIB: Comparative Price Analysis
Release: 2024/05/04 19:54 Reading: 729
WIF, DOGE, PEPE, FLOKI, BONK, SHIB: Comparative Price Analysis
Introduction
In the wake of the market's recovery between May 3 and 4, meme coins once again emerged as prominent performers. As has become customary, Dogwifhat (WIF) spearheaded the rally with a remarkable 20.58% surge over 24 hours. Dogecoin (DOGE) also exhibited impressive growth, climbing by 13.80%, while Pepe (PEPE) followed suit with a 12.93% increase.
WIF and DOGE Analysis
At the time of writing, WIF's price stood at $3.32, with its 4-hour chart indicating a clear path to further gains. Should this bullish momentum persist, bears may struggle to contain WIF's upward trajectory.
The 1.618 golden ratio suggests that WIF could target $4.36 as its next support level. Meanwhile, DOGE's strong correlation with WIF implies that a 19.17% increase could be in store for the meme coin. This would push DOGE's price towards $0.18 within a relatively short timeframe.
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WIF 4-Hour Analysis Against DOGE (Source: TradingView)
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