Here’s What to Expect from the Memecoins During the Upcoming Crypto Winter

Upcoming Crypto Winter: Expectations for Memecoins

The market capitalization of memecoins has plummeted below $40 billion, while trading volume continues to experience volatility. Dogecoin and Shiba Inu remain dominant, but other memecoins such as PEPE, FLOKI, and WIF have shown resilience amid market downtrends.

Pepe (PEPE) Price Analysis

PEPE's price is approaching the apex of a symmetrical triangle formation, having stabilized along support. Reduced volatility and declining volume indicate a loss of upward momentum. Nevertheless, the ascending RSI trend and positive MACD signal suggest potential for a breakout above $0.0001.

FLOKI (FLOKI) Price Analysis

FLOKI's price has retraced after a rejection at $0.0003. Bulls are defending support between $0.00012 and $0.00013. A breakout above this range could trigger a bullish upswing. Despite recent losses, the supertrend remains bullish, indicating potential for a rebound above $0.00015.

dogwifhat (WIF) Price Analysis

WIF has experienced significant volatility, but the overall trend remains bearish. The price is trading within a descending parallel channel. While technical indicators suggest a bullish possibility beyond $2, the bearish influence persists. Increasing volume and a rising RSI indicate a potential breakout to $2.5 if bulls can gather sufficient momentum.