,You can also read this news on COINTURK NEWS: Analyst Predicts Significant Drop for PEPE and Warns About WIF
Known as DonAlt, the analyst who accurately predicted the major upward breakout in the cryptocurrency market in 2023, has made a notable bearish prediction for Pepe (PEPE). The analyst also issued a warning for dogwifhat (WIF).
Warns of Bearish Outlook for PEPE
Addressing his followers on the social media platform X, DonAlt suggested that PEPE made a fake breakout by reaching an all-time high (ATH) before sellers pushed the price below $0.000009959. In technical analysis, a fake breakout typically indicates a significant drop and suggests that selling pressure is suppressing demand.

The analyst continued by emphasizing that PEPE’s drop below its ATH indicates a fake breakout and that the altcoin’s chart will remain bearish unless it surpasses its ATH. According to DonAlt, if the popular altcoin exceeds its ATH, the bearish trend may turn into a bullish one.
According to DonAlt’s analysis, the next critical support level for PEPE is at $0.0000065, and the price must not fall below this level to avoid strengthening selling pressure.
Highlights Bearish Trend for WIF
DonAlt also commented on another popular memecoin, dogwifhat’s WIF, stating that it will remain in a bearish trend unless it surpasses a significant price level. He noted that WIF has almost returned to its recent low range and would look better above $2.77 or below $2. Currently, WIF is trading at $2.68.

On the other hand, the analyst expects significant devaluations for altcoins in the memecoin market based on historical data from previous cycles. DonAlt added that many of today’s highly popular memecoins will lose more than 80% of their value. According to him, new memecoins will emerge, form new communities, and experience significant price increases, but the same devaluation cycle will continue to be followed.
DonAlt’s prediction is based on historical patterns observed in the cryptocurrency market. The analyst noted that this scenario has played out multiple times in cryptocurrency history. Although the current memecoin peak has not yet been reached, it will eventually be reached, and even the most reputable memecoins will face a 90% drop in value.
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,您也可以在 COINTURK NEWS 上閱讀此訊息：分析師預測 PEPE 大幅下跌並警告 WIF 準確預測 2023 年加密貨幣市場重大向上突破的分析師 DonAlt 對 Pepe 做出了顯著的看跌預測（PEPE ）。該分析師還對dogwifhat (WIF)發出警告。從而實現了假突破低於 0.000009959 美元。在技​​術分析中，假突破通常表明價格大幅下跌，並表明拋售壓力正在抑制需求。其ATH。 DonAlt 表示，如果流行的山寨幣超過其 ATH，看跌趨勢可能會轉為看漲趨勢。 。他指出，WIF 幾乎已回到近期低點，高於 2.77 美元或低於 2 美元看起來會更好。目前，WIF 的交易價格為 2.68 美元。 DonAlt 補充說，當今許多非常流行的模因幣將損失超過 80% 的價值。據他介紹，新的迷因幣將會出現，形成新的社區，並經歷顯著的價格上漲，但同樣的貶值週期將繼續遵循。 。這位分析師指出，這種情況在加密貨幣歷史上已經多次上演。儘管目前的 memecoin 峰值尚未達到，但它最終會達到，即使是最有信譽的 memecoin 也將面臨 90% 的價值下跌。