While there have been great fluctuations in the cryptocurrency market recently, popular dog-themed meme coin projects are also experiencing serious price losses. Analysts warn that these declines are not over yet. In an analysis on his YouTube channel, well-known crypto strategist Credible Crypto predicts that Solana (SOL)-based dogwifhat (WIF) and Pepe (PEPE) memecoins may lose more value in the future. In this article, we will examine Credible Crypto's memecoin analysis; The analyst provides important information to investors by presenting various scenarios for WIF, Pepe and Dogecoin (DOGE).

Warnings for Meme Coins

In parallel with the recent fluctuations in the cryptocurrency market, major price drops are also observed in dog-themed meme coin projects. Analysts state that these declines may continue. In its new analysis on its YouTube channel, Credible Crypto stated that especially Solana-based dogwifhat (WIF) and Pepe (PEPE) projects will lose more value in the future. Credible Crypto, which has reached more than 55,500 subscribers on its channel, emphasized that a bottom level has not yet been formed for WIF and that it is possible to drop to $0.80 in the coming days. According to the analyst's chart, temporary increases may also be seen in this process. At the time of making the video, WIF was trading at $1.60 and is up nearly 3% in the last 24 hours.

Sharp Fall Expectation for PEPE$PEPE

Credible Crypto predicted a much more serious decline for Pepe. According to the analyst, Pepe could lose nearly 90% of its value from its all-time high of $0.0000171. According to the charts, Pepe is likely to drop to $0.00000185. As of the time the video was prepared, Pepe was trading at $0.00000876 and there had been no losses in the last 24 hours.

Dogecoin (DOGE) Scenarios$DOGE

Credible Crypto offers a different scenario for Dogecoin (DOGE). Stating that if Bitcoin rises again, DOGE may also move upwards, the analyst said, "If Bitcoin rises, coins such as DOGE may experience relief. The first support level has been reached, it is logical to see a jump from here. There may be a jump with Bitcoin, but there may be a jump further." “Then we may encounter resistance and DOGE may continue to lose value while Bitcoin continues to rise, which could mean a downward move in the long term,” he said. Credible Crypto suggested that possible scenarios for DOGE include a decline to $0.084, then retesting resistance around $0.15, and ultimately a drop to $0.06. At the time of making the video, DOGE was trading at $0.108 and has increased slightly in the last 24 hours.

Credible Crypto's analyzes should not be perceived as investment advice. It is important for investors to follow the developments in the cryptocurrency market and do their own research.

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