Bullish Trends in Memecoins: WIF and PEPE Surge Ahead

The recent price movements of WIF and PEPE coins have drawn the attention of various investors and traders. WIF has broken the descending channel, signaling an upward trend. PEPE, on the other hand, also broke the symmetrical triangle and experienced a major rally.   

Based on the analysis by crypto analyst Captain Faibik on the daily timeframe, WIF has broken through the descending channel and is currently in a bullish trend. According to the analyst, dofwifhat has smashed the resistance near the $2.3 zone. After experiencing a rise in the middle of July, the coin has been on a downtrend. However, with the recent breakout and potential bullish trend, the situation has changed. The analyst projected a rise of 173.79%, sending WIF to a new all-time high in the range of $6.3 to $6.5.

$WIF Descending Channel Upside Breakout is Confirmed on the Daily timeframe Chart..✅

Send it to the New All time High..📈#Crypto #WIF #WIFUSDT pic.twitter.com/tDBPTRKDmE

— Captain Faibik 🐺 (@CryptoFaibik) September 30, 2024

At press time, the coin’s price is $2.39, up 3.99% in one day and 38.05% in seven days. The one-day trading volume is $614,426,851, rising 67.35%, and the market cap is $2,363,519,813. The coin’s Relative Strength Index is 71.92, which indicates an overbought condition. Further, the Moving Average Convergence Divergence indicates a bullish momentum. 

In another analysis by analyst ZAYK Charts, PEPE has broken out of the symmetrical triangle in a one-day timeframe, surpassing the resistance. The coin breached the resistance in the range of $0.0000900 and climbed to a price of $0.00001133. Further, as per the analyst, the coin is expected to surge 158.48%, reaching a price of 0.00002400.      

$PEPE Symmetrical Triangle Breakout is done as Expected✅

+28% Profit,So Far🔥#PEPE #PEPEUSDT #Crypto https://t.co/BkXtqHClMD pic.twitter.com/OsQdyYVN1n

— ZAYK Charts (@ZAYKCharts) September 30, 2024

At the time of writing, the coin is trading at a price of $0.00001074 and a 1-day trading volume of $1,156,888,445. The RSI is at 68.78, which is near the overbought zone, and the MACD is trading above the signal line, representing a bullish momentum. 

Both the memecoins, PEPE and WIF, are experiencing a bullish trend, with the possibility of the latter reaching a new ATH. Analysts are closely monitoring these movements, expecting the coins to rise even further. Some of them hope this could influence the broader memecoins and crypto market.