Let's talk about the three popular meme coins PEPE, Floki, and WIF
PEPE: I strongly recommend buying and holding
PEPE broke through the resistance level last week and is now almost $0.000012. The key resistance level has become support. If it breaks through, it can rise by another 20%, otherwise it may fall back to $0.000009. Large investors are reducing their positions, and retail investors are confident.
PEPE's chart shows that it is still rising, and the Bollinger Bands also show that the volatility is small and the price is stable. Now it depends on whether it can continue to rise.
Floki: Buy, hold
Floki, the dogecoin, is now selling for around $0.00019, up 25% in a day and 30% in a week, and the trading volume has soared. But there are fewer active addresses on the chain, which means that this rise may be more driven by emotions. However, it is still undervalued and many people buy it.
Looking at the chart, the price of Floki is quite stable, and MACD also shows that there is still room for growth. But the fund flow indicator is a bit abnormal. If the price falls back, it may reach $0.00015; if it continues to rise, it may break $0.0002. If the price can stabilize above $0.18, it is a good idea to buy Floki.
WIF: Let's see first
WIF also showed its strength yesterday and broke through the resistance. It is now $2.26, up 22% in one day and 27% in one week. Market sentiment is a bit complicated, but the falling wedge breakthrough is a good thing, and it may rise another 20%.
There is no obvious support and resistance on the WIF chart, and the price trend is unpredictable. RSI is overbought, and buyers are waiting for sellers to move. The Alligator line is also open, and the price fluctuates greatly. WIF users have to keep an eye on $2.02 and be careful if it breaks; if the trend is good, $3 is not a dream.
