2024-10-8 19:30 |
These meme coins, PEPE and WIF, have gained traction in recent market movements. PEPE’s price showed a strong 22% surge following a critical support bounce, and WIF’s price is still building momentum after breaking out of a key technical pattern.
Both tokens have displayed notable bullish behavior, making them meme coins to watch in the current crypto landscape.
Crypto analysts Sjuul (@AltCryptoGems) and Market Spotter (@MarketSpotter) shared technical setups for PEPE and WIF that are giving signals that more upward movement could be on the horizon. As traders look for new opportunities, these tokens may continue their rise, each following distinct but promising paths.
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Show more +Show less – PEPE Price Breaks Key Support, Surges 22%PEPE’s latest 22% rally came after it tested a long-standing support zone and bounced back with strength. The chart shows a clear horizontal support line tested repeatedly and respected by buyers. This support zone was vital in the price’s recent movement, and its successful hold prompted the 22% surge.
Image Source: X/AltCryptoGemsSjuul from AltCryptoGems noted the significance of this move in his tweet, stating that the price “started to pump just from there.” This move was characterized by a series of higher lows, indicating growing bullish sentiment. The price action suggests that PEPE is poised for further gains, provided it can break through the next resistance level near the 0.000001300 mark.
In the past 24 hours, PEPE’s price has gained an additional 8.85%, showing continued strength in the market.
Dogwifhat (WIF) Price Eyes Key Resistance After Bullish BreakoutDogwifhat (WIF) has shown similarly bullish momentum, breaking out of a symmetrical triangle pattern on the weekly chart. The breakout, which Market Spotter highlighted on X, has led to a continued upward movement, with the price now approaching a significant resistance level at $3.
The price of $WIF is still pumping after breaking out of the triangle pattern!
If it breaks above the resistance at $3, #Dogwifhat will make new ATHs soon. pic.twitter.com/VBofmlHrqh
Market Spotter’s analysis suggests that a break above this resistance could lead to a new all-time high (ATH) for WIF. The ascending support line on the WIF chart, combined with the recent bullish candles, suggests growing buyer confidence. The WIF price currently sits at $2.67 and has gained 13.26% over the past 24 hours, further indicating strong momentum.
Read Also: Solana Price to ‘Outperform Once Again’ as Strong Bullish Formation Emerges—Analyst Shares Potential SOL Target
Next Targets for PEPE and WIFFor PEPE, the next key target lies near the 0.000001300 resistance zone. Should the token break this level, it could pave the way for a continued bullish run. However, WIF must overcome the $3 resistance to unlock the potential for new highs. If successful, the price could reach as high as $5, according to chart analysis.
Both tokens have shown strong technical setups, and their current price action suggests further upside is possible. Traders are watching these resistance levels as potential turning points for even greater gains.
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The post PEPE Price Surges 22% – Is Dogwifhat (WIF) the Next Meme Coin Token to Break Resistance and Pump? appeared first on CaptainAltcoin.
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