Price: $0.39368 -4.3813%
Market Cap: 57.79B 1.9579%
Volume (24h): 17.8B 0.4%
Dominance: 1.9579%
Price: $0.39368 -4.3813%
Market Cap: 57.79B 1.9579%
Volume (24h): 17.8B 0.4%
Dominance: 1.9579% 1.9579%
  • Price: $0.39368 -4.3813%
  • Market Cap: 57.79B 1.9579%
  • Volume (24h): 17.8B 0.4%
  • Dominance: 1.9579% 1.9579%
  • Price: $0.39368 -4.3813%
Home > Information news > PEPE and WIF Set for Bullish Rallies Following Big Listings: What to Expect Next?

PEPE and WIF Set for Bullish Rallies Following Big Listings: What to Expect Next?

Release: 2024/11/14 14:19 Reading: 710

Original author:CoinsProbe

Original source:https://coinmarketcap.com/community/en/articles/67359016be87e94da0af41f2

PEPE and WIF Set for Bullish Rallies Following Big Listings: What to Expect Next?

Surge in Cryptocurrency Market Boosts Memecoins PEPE and WIF

Introduction

The cryptocurrency market has witnessed a remarkable upswing in the past 24 hours, primarily driven by Bitcoin's (BTC) record-breaking peak of $91,434. This surge has had a positive impact on leading memecoins, namely Ethereum-based Pepe (PEPE) and Solana-based Dogwifhat (WIF), which have experienced significant gains.

Major Exchange Listings Catalyze PEPE and WIF's Rally

A key factor contributing to this rally is the recent wave of exchange listings for both Pepe (PEPE) and Dogwifhat (WIF). PEPE was listed on Upbit, Korea's largest exchange, today, following listings on Robinhood and Coinbase yesterday. Dogwifhat (WIF) was also listed on Coinbase shortly after PEPE.

PEPE's Outlook

After breaking out of a descending triangle pattern on November 7 at $0.00001070, PEPE has demonstrated significant upward momentum following the listing announcements. It has not only surpassed its previous all-time high of $0.00001718 but has also surged to a new peak of $0.00002524.

Currently trading at $0.00002357, PEPE is holding above a support level of $0.00002235. If this level remains intact, PEPE could continue its rally towards the upper trendline on the chart, potentially resulting in an additional 50% gain from its current price. Conversely, if there is a pullback, PEPE might retest its support level, with a possible reversal from there targeting a similar upside.

Dogwifhat's Outlook

WIF has also exhibited strong momentum, breaking out on November 11 at $2.68. Following its listing news, WIF nearly reached its all-time high resistance level of $4.85 but encountered a minor rejection. It is currently trading at $4.09, which aligns with a critical support level.

If WIF holds this level, it could attempt another run at its all-time high. However, if it fails to maintain this support, the next support level to monitor is $3.59, which could provide a foundation for a bounce.

Conclusion

The recent exchange listings have ignited robust bullish momentum for both PEPE and WIF. PEPE has achieved new all-time highs, while WIF remains close to its peak. If they maintain their current support levels, both tokens could experience further gains in the near term, with PEPE potentially targeting a 50% rise and WIF aiming for its previous high. However, if these support levels weaken, we may observe retests of lower levels before any further upward movement.

Disclaimer: This article serves as informational content only and should not be construed as financial advice. It is crucial to conduct thorough research before engaging in any cryptocurrency investments.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.