After the remarkable peak in March, Bitcoin and its many altcoins experienced a profound correction, among which digital currencies represented by memecoin suffered a sharp decline of 50% to 80%, and the market atmosphere was once solemn. However, it is precisely such a low period that often breeds the dawn of the next round of memecoin craze. As the footsteps of the memecoin season are approaching, now may have quietly become a golden time to deploy top memecoin projects.
PEPE has recently shined on the cryptocurrency stage. Its market value has once climbed to an astonishing $5.83 billion, demonstrating its unique charm and wide recognition in the market. At present, PEPE is slowly moving along a steady upward trend line, indicating that a major breakthrough is approaching. Once it successfully breaks through the current ascending triangle pattern, PEPE is expected to reach a new annual high of 0.00001725 and become the focus of market attention. Investors, whether whale-level big investors or keen retail investors, are quietly making arrangements and looking forward to the gorgeous transformation of PEPE.
How can we not mention SHIB when talking about memecoin? This star currency, which calls itself the "Dogecoin killer", once followed in the footsteps of Bitcoin during its glorious moment, achieving an astonishing 144% increase, with a peak price of $0.0000307. However, the market is always changing, and SHIB subsequently experienced a correction of nearly half, currently hovering around $0.00001641. But it is worth noting that market monitoring revealed the figure of a suspected early investor in SHIB, and the huge returns obtained from his precise layout of the LEASH project undoubtedly injected a shot of adrenaline into the market. The future of SHIB is still full of infinite possibilities.
When it comes to memecoin, DOGE is undoubtedly the evergreen one. Although 2024 is full of challenges for DOGE, the ascending triangle pattern it has constructed on the daily chart has brought a ray of hope to the market. Starting from the local high on March 28, DOGE is ready to go in a descending wedge, and its support level is firmly between $0.11045 and $0.11400. Once it breaks out of this range, DOGE is expected to usher in a strong rebound, targeting the resistance level of $0.13353 or even $0.16661. For DOGE, which is currently priced at $0.10883, this means a potential increase of 22.7% to 53%, which is exciting.
WIF, a fun emoji coin based on the Solana blockchain, has attracted the attention of many investors with its unique creativity and deep community foundation. After six months of deep adjustments, WIF seems to have bottomed out and is ready to welcome a new dawn. After falling from a high of $4.86 to a bottom of $1.08, WIF has shown tenacious vitality. Well-known trader BluntzCapital has high hopes for it, believing that WIF is expected to achieve a 50% increase in the future, directly targeting a target price of $2.89.
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