In just 24 hours on the Solana blockchain, the price of the WIF token rebounded strongly from an intraday low of $1.35, with an increase of more than 24%, setting a new intraday high, which is remarkable. This "Pink Hat Shiba Inu" trend is leading another wave of enthusiasm in the cryptocurrency market with its unique meme charm.
From the 4-hour chart, the price trajectory of WIF is like a winding upward staircase, hitting new highs and lows many times, forming a clear upward channel. At present, the token is fully challenging the resistance mark of $1.5096. Once it successfully stands firm, it will undoubtedly pave the way for its subsequent rise. If WIF can maintain a price above $1.5096 in the next 8 hours, market confidence will be further enhanced, and bulls may take advantage of the victory to push the price to a new high of $1.8834.
If WIF fails to break through the current resistance and falls below the support level of $1.5096, its bullish outlook may be overshadowed. In this scenario, WIF may face the risk of a rapid correction, and the primary support level will retreat to $1.0964. If the market sentiment deteriorates further, the price of WIF may even fall to a low of $0.7028.
In-depth analysis of technical indicators shows that WIF's upward momentum remains strong. The MACD histogram continues to expand, showing that the MACD line is steadily crossing the signal line, forming an obvious golden cross, indicating that the cryptocurrency is in a positive upward trend. At the same time, the RSI indicator also shows an upward trend and has broken through the 50 boom-bust line, indicating that the bullish force is gradually increasing, which is expected to further drive the price of WIF up.
Meanwhile, Pepe tokens have shown good upside potential. In the past 24 hours, Pepe prices have risen slightly by 3% and are currently stable around $0.00000811. With the overall recovery of the cryptocurrency market, especially BTC's return to above $57,000, Pepe has also ushered in its own spring. Its price has been fluctuating since mid-July, but it has recently broken through the neckline resistance, forming a clear bullish reversal pattern.
From a technical perspective, Pepe's RSI indicator has rebounded strongly from the oversold area and is currently accelerating upward, showing strong buyer willingness. The MACD indicator is also improving synchronously. The blue MACD line successfully crossed the orange signal line, forming a bullish crossover, which provided strong support for Pepe's further rise. Comprehensive analysis shows that Pepe is expected to challenge the new high target of $0.00001037 in the next period of time. This price coincides with the 50-day SMA, which has important technical significance.
However, it is worth noting that Pepe is still running below the 50-day and 200-day SMAs, which adds a bit of uncertainty to its upward path. If the bears take the opportunity to counterattack, the price of Pepe may retreat to the support area of $0.0000060 for consolidation.
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