The post Will Pepecoin and WIF Price Overcome Their Losses This Week? appeared on BitcoinEthereumNews.com.

The Solana price has recorded a correction of 6.86% within the past 24 hours with a trading volume of $1.77 Billion, a jump of 138.82%. With this, the altcoin has plunged below the $125 mark, indicating a strong bearish sentiment for this crypto token in the market. The Solana-based have experienced a similar trend by recording significant corrections in their portfolios. On the other hand, the top SOL-based memecoins have recorded the highest loss by plunging over 10% each within the past day. With the rising bearish sentiment in the cryptocurrency market, will the memecoin category regain its lost momentum or plunge toward a new low during the upcoming month? WIF Memecoin Bearish Trend Intensifies! The dogwifhat price has plunged 14.77% within the past 24 hours with a jump of 39.31% in its trading volume. Furthermore, the memecoin has cut 37.46% within the past seven days and 44.50% over the past month. Notably, the WIF token is trading at a discount of 68% from its ATH. TradingView: WIF/USDT Moreover, the WIF coin price has formed a descending channel pattern, suggesting a weak price action for the memecoin in the cryptocurrency space. Further, the SMA constantly acts as a resistance to the price chart in the 1D time frame. The Relative Strength Index (RSI) has plunged below the oversold range, indicating increased selling pressure for the WIF price in the crypto space. Furthermore, the average trendline shows a constant decline, suggesting a negative outlook for the Solana-based memecoin in the market. If the crypto market records a bullish reversal, the dogwifhat price will regain momentum and prepare to test its resistance level of $2.10. Conversely, if the bears continue to dominate, the WIF crypto will plunge toward its important support level of $1.240 in the coming time. Pepe Price On The…

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Filed under: News - @ June 24, 2024 11:26 am