Technical Analysis of Memecoins
Dogecoin (DOGE)
The weekly chart for DOGE has been stable, with support holding above $0.31. Buys between $0.315 and $0.34 offer potential profits. If DOGE falls to $0.28, it would be an opportune time to purchase more. Fibonacci levels provide further upside targets.
Pepe (PEPE)
PEPE has faced resistance at $0.000018. The weekly candle has tested the 0.618 Fibonacci, raising concerns about further declines. If it does, potential dip-buy zones could be around $0.00001560 or lower.
Bonk (BONK)
BONK is approaching the base of its bull market trendline. However, strong support exists at $0.00002500 and $0.00002100. Buys at these levels or below could present a favorable entry point.
Dog Wif Hat (WIF)
WIF has plunged below its long-term triangle, weakening its outlook. Although support may hold at its current level, a speculative buy could be considered around $1.100 (0.786 Fibonacci), where a triple bottom may form. Exercise extreme caution when trading WIF.
Disclaimer:
This analysis is solely for informational purposes and should not be construed as financial advice.