Meme coins are recovering today along with the whole market. The WIF price is up 9% today while PEPE is up 8%.
This is more than enough for meme coin traders to “wake up” and analyze meme coin price predictions. Along with memes with huge market cap, we’ll also take a look at PandaWorld (PADW), a new meme coin presale.
PEPE Price Prediction
The PEPE price is trading around $0.0000085 following today’s pump.
altFINS notes that trends are mixed for PEPE. The price broke below the 200-day moving average, signaling a downtrend. However, it got oversold (RSI < 30) at $0.0000060 support and bounced off. There’s potential upside to $0.0000090, with a stop loss at $0.0000057. This setup is considered riskier as it’s a trend reversal rather than a trend continuation.
The short-term and medium-term trends are down, while the long-term trend is neutral. Momentum is bearish but potentially inflecting, with the MACD Histogram bars rising, suggesting momentum could be nearing an upswing. The price is currently neither overbought nor oversold based on RSI-14 levels.
Source: altFINS
Support zones are at $0.0000078 and $0.000006, while resistance zones are at $0.0000091 and $0.0000113.
Based on this analysis, PEPE could potentially see a short-term bounce to the $0.0000090 – $0.0000091 range. However, traders should follow Ethereum’s price too in case of PEPE since this meme coin is the part of ETH’s sector.
Read also: SUI Price Among Top Crypto Gainers – $2 Target Next?
dogwifhat (WIF) Price Prediction
After today’s pump, the WIF price is now above $1.8 levels.
Prominent crypto trader “Bluntz,” who boasts over 260k followers on Twitter, posted a bullish WIF price forecast. He noted that when WIF gains momentum, it tends to move aggressively. Despite an 80% increase in a week, Bluntz suggests that the opportunity to buy is still present, stating there’s limited time before “the train leaves the station.”
when $wif gets going, it goes hard.despite being up 80% in a week,if i wasnt already positioned i would absolutely still be buying this.limited amount of time left before the train leaves the station imo pic.twitter.com/xAwfQoMBuO
— Bluntz (@Bluntz_Capital) August 8, 2024
His chart indicates an expectation for WIF to reach $8, albeit with a few corrections along the way. While this prediction is optimistic, it’s important for traders to follow Solana’s price in WIF’s case, similar to what I mentioned above about PEPE and ETH.
PandaWorld – Hot Meme Coin Presale
PandaWorld ($PADW) is a meme coin project that aims to blend the viral nature of meme coins with a diverse ecosystem of gaming and casino platforms. The project revolves around six panda siblings and their adventures, striving to create an engaging blockchain-based integrated content ecosystem.
The project features a turn-based RPG where players can go on quests, collect cards, and form teams to progress through various stages. This gaming experience is complemented by a casino platform that utilizes blockchain technology to ensure fairness and transparency.
Source: PandaWorld
PandaWorld’s ecosystem integrates games, casinos, and meme coin trading platforms into one unified experience. It aims to serve as a central hub for next-generation digital content, leveraging the transparency of blockchain technology. The $PADW token functions as the primary currency within this ecosystem.
The project’s tokenomics are designed to encourage long-term holding and community participation, with a total supply of 88.8 billion $PADW tokens.
Notably, PandaWorld has already raised $100,000 in its presale, while the hard cap is set at $8 million. This early traction suggests growing interest in the project and considering we are far away from presale’s goal – you are still early.
Read also: Crypto Influencer Posts Viral XRP Price Prediction Following Ripple’s Win Against SEC
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