As Bitcoin nears its monthly expiry, memecoin prices are poised to break out of their downtrends, with $DOGE, $PEPE and $WIF leading the charge. $DOGE has been in a sideways consolidation since November 12, with a short-lived spike followed by a drop. $PEPE has experienced a bullish flag breakout, and $WIF must break its downward trend.
For $WIF, bulls need to push prices out of its current wedge pattern and close above $3.19 horizontally. While all three memecoins show potential, a concern is the weekly Stochastic RSI crossing down, signaling future downside momentum. However, there’s still time over the weekend for bulls to remedy this situation.
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<p>The post The Memecoin Breakout: $DOGE, $PEPE, and $WIF Potential Price Momentum first appeared on CoinBuzzFeed.</p>
