Analysts predict sharp fall for PEPE and warn WIF

DonAlt said on social media platform

He further stated that PEPE falling below ATH indicates a bearish trend, which will continue unless its price exceeds ATH. DonAlt believes the next key support level for PEPE is $0.0000065, and if the price falls below this level, selling pressure is likely to intensify.

Bearish Forecast for WIF

WIF is close to its recent lows and would be better off above $2.77 or below $2. Currently, WIF is trading at $2.68.

Analysts predict, based on historical data, that many currently popular memecoins will depreciate significantly, potentially losing more than 80% of their value. He added that new memecoins will continue to emerge, form new communities and experience significant price increases, but the same cycle of devaluation will continue to play out.

The Queen believes that while the current memecoin craze has not yet reached its peak, even the most reputable memecoins will face a 90% drop in value.

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