Here is an analysis and recommendation for the popular meme coins PEPE, Floki, and WIF:
PEPE: Strongly recommended to buy and hold
PEPE broke through resistance last week and is now close to $0.000012. The key resistance has turned into support, and if it can continue to break through, it is expected to rise by 20%. Otherwise, it may pull back to $0.000009. At present, large investors are reducing their positions, but retail investors are still confident.
From the chart, PEPE's price trend is still bullish, and the Bollinger Bands show that volatility has decreased and prices have stabilized. Next, we need to pay attention to whether it can continue to rise.
Floki: Recommended to buy and hold
Floki is currently priced at about $0.00019, up 25% in a day and 30% in a week, with a significant increase in trading volume. However, the decrease in active addresses on the chain indicates that this rally may be more driven by emotions. Despite this, Floki is still undervalued and has many buyers.
From the chart, Floki's price is relatively stable, and MACD shows that there is still room for growth. However, the fund flow indicator is somewhat abnormal. If the price pulls back, it may fall to $0.00015; if it continues to rise, it is expected to break through $0.0002. If the price can stabilize above $0.18, it is a good choice to buy Floki.
WIF: It is recommended to wait and see
WIF performed strongly yesterday and broke through the resistance level. The price is now $2.26, up 22% in one day and 27% in one week. The market sentiment is more complicated, but the breakout of the descending wedge is a good sign, and it may rise another 20%.
From the chart, WIF has no obvious support and resistance levels, and the price trend is difficult to predict. RSI shows overbought, and buyers are waiting for the sellers to move. The Alligator line is also open, and the price fluctuates greatly. Investors in WIF need to pay close attention to the support level of $2.02, and be cautious if it falls below; if the trend is good, the target of $3 is not impossible.
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