Analysts Forecast Bullish Breakouts for PEPE and dogwifhat (WIF) Meme Coins – Here’s Their Outlook
Crypto analysts have set their sights on PEPE and WIF, predicting imminent bullish breakouts based on chart patterns. Captain Faibik and other top voices in the crypto community highlight potential rallies. Their insights suggest traders should prepare for strategic moves for the two meme tokens.
What you'll learn 👉
PEPE Bullish Pennant Formation
Captain Faibik has identified a bullish pennant formation for PEPE on the 4-hour timeframe chart.
He suggests that this pattern looks promising for an upside breakout, predicting a potential 25% rally in the short term. He advises traders to keep a close watch on this development.
Zen adds a nuanced perspective to the analysis of PEPE. He notes that while a bull flag breakout is likely, the market often defies expectations.
He suggests that instead of an immediate move, there might be a dip back to the lower border of the pattern before a breakout. When the breakout occurs, Zen targets specific price levels: 0.01322, 0.01349, 0.013392, and finally, a zone around 0.0146.
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WIF’s Resilience and Potential Breakout
Shifting focus to the WIF meme token, analyst Radagast has observed promising developments. The token has rebounded from recent lows and re-entered its previous trading range.
Radagast notes that WIF has flipped key exponential moving averages, coinciding with a major resistance level now turned support.
“$2.3 is a long with a target at 3.2 for me,” Radagast shared, indicating a potential entry point and price target for traders. This analysis suggests a possible 39% upside from the mentioned entry level.
Team LAMBO Charts echoed the bullish sentiment for WIF. Their analysis reveals an 80% bounce from support levels. The team believes a breakout above $2.9 could pave the way for a mid-term target of $10.
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