🔴$PEPE , $WIF , $BONK WILLRISE MORE🔴

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As Bitcoin (BTC) continues to move sideways, altcoins, especially memecoins, are unlikely to outperform. $PEPE, $WIF, and BONK have seen significant price surges this year, but now the question is how low they can go.

Risk Tolerance: When it comes to altcoins, particularly memecoins, it’s crucial to assess your risk tolerance. Memecoins perform well when the market is rising, but during downturns, holders should be prepared for significant losses.

PEPE: PEPE is currently holding above the 0.786 Fibonacci level, which is a strong support. If it falls below this, the next strong horizontal support is at $0.00000592.

WIF: WIF has broken down below its support level at $1.49, which has now become resistance. It is following a downward-sloping channel, with the 0.786 Fibonacci support at $1.10. If the decline continues, slight support is at $0.83, but it could fall to $0.43.

BONK: BONK has broken below the 0.786 Fibonacci level and its upward trend. If it continues downward and breaks the horizontal support at $0.0000162, it could fall further, with a lower low at $0.0000121 being a critical level.

Market Influence: The future of these memecoins largely depends on Bitcoin’s performance. If Bitcoin breaks out of its sideways consolidation, these memecoins could surge and recover from their current downtrends.

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