Major altcoins drop 30-50%, is the altcoin season coming?
DogWifHat ($WIF) rebounds from key support level
DogWifHat ($WIF) has just rebounded after falling to the key support level around $2.00. Analysts point out that this support has historically provided a key area for $WIF, and the rebound indicates that the token may have hit bottom.
The next major resistance level for $WIF is $2.15. If the price can break through this level, we may see more upward potential; however, if DogWifHat fails to hold above the $2.00 area, we may retest the $1.80 range.
Shiba Inu ($SHIB) faces $3.2 million market outflow
During a significant outflow of funds, the market saw a 40% drop in Shiba Inu ($SHIB). $3.2 million of SHIB demand has been removed from the system, and the outflow indicates a decrease in whale participation. This is a sign of declining investor interest and reduced on-chain activity. However, the growing popularity of Shibarium brings hopes for a turnaround.
The important support level for $SHIB is $0.000022, while resistance is at $0.00003. Similarly, a revival in whale activity and increased utility of Shibarium could give $SHIB a bullish momentum again.
Pepe ($PEPE) price rebounds: has the crash ended?
Pepe ($PEPE) has shown signs of recovery after experiencing a sharp 35% drop. The token is currently stabilizing near the support level of $0.000017, which has historically been a key level for PEPE price movements. The key resistance levels for $PEPE are $0.000028 and $0.00003. Momentum indicators suggest that if bullish sentiment continues, an increase may occur, but failing to maintain the current support level could lead to further declines.
