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**Analyst Predicts Significant Drop for PEPE and Warns About WIF**
Warns of Bearish Outlook for PEPE
On the social media platform X, analyst DonAlt has indica@undefined that PEPE experienced a fake breakout by reaching an all-time high (ATH) before sellers pushed the price below $0.000009959. In @undefined hnical analysis, a fake breakout typically suggests a significant drop, indicating that selling pressure is overwhelming demand. For the la@undefined t @undefined hnology news, check out NEWSLINKER.
DonAlt emphasized that PEPE's fall below its ATH is a clear sign of a fake breakout, and the altcoin's chart will remain bearish unless it surpasses its ATH. According to him, if PEPE exceeds its ATH, the current bearish trend might pivot to a bullish one. He poin@undefined out that the next critical support level for PEPE is at $0.0000065, and the price must stay above this to avoid in@undefined sifying the selling pressure.
**Highlights Bearish Trend for WIF**
DonAlt also commen@undefined on another popular memecoin, dogwifhat's WIF, stating that it will stay in a bearish trend unless it surpasses a significant price level. He no@undefined that WIF has almost returned to its recent low range and would look bet@undefined above $2.77 or below $2. Currently, WIF is trading at $2.68.
On another no@undefined the analyst predicts significant devaluations for altcoins in the memecoin market based on historical data from previous cycles. DonAlt remarked that many of today's highly popular memecoins are likely to lose more than 80% of their value.
According to DonAlt, new memecoins will emerge, form new communities, and experience significant price increases, yet the same devaluation cycle will inevitably continue. His prediction is based on recurring pat@undefined ns observed in the cryptocurrency market, noting that this scenario has played out multiple times in the history of cryptocurrencies.
#PEPEATH #pepe⥠#Wri@undefined Earrn
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