Major Warning for Solana-Based WIF Coin: Significant Drop Anticipated

  • Volatile fluctuations have greatly impacted the crypto market recently, especially affecting popular dog-themed meme coins.
  • Analysts warn that the decline in these particular assets might not be over yet.
  • Prominent crypto strategist Credible Crypto offers key insights on the potential trajectories of several meme coins.

Explore the insights of acclaimed crypto analyst Credible Crypto as he forewarns about potential declines in popular meme coins like WIF, PEPE, and DOGE.

Market Volatility Hits Meme Coins Hard

As the cryptocurrency market experiences significant volatility, meme coins like dog-themed tokens have not been spared. Noteworthy analyst Credible Crypto has indicated through his recent analysis that meme coins Solana-based Dogwifhat (WIF) and Pepe (PEPE) might continue their downtrend. His insights, shared on his YouTube channel, suggest further depreciation in their value in the near future.

Insights on Dogwifhat (WIF)

According to Credible Crypto, Dogwifhat (WIF) has not yet established a bottom, indicating a potential dip to around $0.80. Even with some intermediate price bounces observed on his chart, WIF, which was trading at $1.60 at the time of his video, could see further losses. Despite a recent 3% daily increase, the overall forecast for WIF remains bleak.

Pepe (PEPE) Expected to Plummet Further

Credible Crypto also predicts a steep decline for Pepe (PEPE). He suggests that PEPE, currently valued at $0.00000876, could plunge by nearly 90% from its all-time high of $0.0000171 to around $0.00000185. No recent changes in price further corroborate this bearish outlook, emphasizing the precarious nature of PEPE’s position in the market.

Dogecoin (DOGE) Could Experience a Different Trend

The analysis shines a different light on Dogecoin (DOGE). The veteran analyst postulates that in the event of a Bitcoin (BTC) rally, DOGE might see a temporary price increase. However, the outlook remains mixed. Initial support levels have been met, suggesting a brief price jump, followed potentially by a struggle at resistance levels near $0.15. Ultimately, DOGE might drop to around $0.06. At the time of review, DOGE was trading at $0.108, reflecting a slight daily increase.

Conclusion

Credible Crypto’s analysis offers key takeaways for investors navigating the volatile waters of meme coins. Although his perspectives do not serve as investment advice, staying informed on market dynamics and conducting individual research remains crucial. Investors are encouraged to monitor ongoing market developments and adopt well-informed strategies.

BREAKING NEWS

Andrew Kang’s Mechanism Capital Flips ETH From Long to Short, ETH Short Reaches $59.78M in On-Chain Rebalance

COINOTAG News, citing on-chain analytics firm CoinBob, notes that...

Bitcoin Whale Boosts BTC 15x Long to $250M as ETH Longs Remain Unchanged, Unrealized Loss Falls to $3.12M

COINOTAG News reported on October 19 that a crypto...

Bitcoin Is Money, Not a Cryptocurrency, Says Jack Dorsey as Block Inc Joins the S&P 500

COINOTAG reports that Twitter co-founder Jack Dorsey reaffirmed Bitcoin's...

USDC Withdrawal From Coinbase: New Wallet Opens 15x ETH and 10x ENA Shorts, Faces $1.44M Unrealized Loss

According to OnchainLens data, a newly created wallet address...

Bitcoin OpenSats Receives $250K From Tether as Jack Dorsey Questions the Donation Size

According to a Decrypt report cited by COINOTAG News...

SHIB Nears Demand Zone That Fueled 2024 Rally: Potential Rebound Signals Emerge

Shiba Inu (SHIB) price has declined 26% to $0.00000984,...

Hyperliquid’s HYPE Token May Face Supply Crunch as Buybacks Accelerate

Hyperliquid's HYPE token is approaching a supply...

Bitcoin Volatility Near $100K May Signal Upcoming Bullish Momentum, Analysts Note

Bitcoin's weekend volatility in 2025 stems from thin liquidity...

Anthropic Could Face Regulatory Pressure as OpenAI Forms Closer Ties With Trump Administration

{ "@context": "https://schema.org", "@type": "NewsArticle", "mainEntityOfPage":...

UNI Token Under Scrutiny Amid DEX Growth: Accumulation May Signal Recovery

Uniswap's UNI token has underperformed despite the...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img