Are PEPE & WIF Prices Recovering? Here’s What to Expect for This Memecoin in Q4 2024

The post Are PEPE & WIF Prices Recovering? Here’s What to Expect for This Memecoin in Q4 2024 appeared first on Coinpedia Fintech News

The memecoin space is gaining strength as the top cryptos are trying hard to rise & sustain above the achieved resistances. The volume over the platform has increased by over 6% and the market capitalization has also risen by nearly 2.5%. While Dogecoin & Shiba Inu have been sustaining above $0.1 and $0.00001, respectively, the popular ones like Pepe & dogwifhat have been fighting with the bearish heat. Will PEPE & WIF prices recover when memecoins like POPCAT and BRETT are gaining significant strength?

• The PEPE price has reclaimed the levels within the decisive symmetrical triangle, keeping the bullish hopes alive

• Although the bears continue to hold equal dominance over the token, the bulls seem to be poised to initiate a bullish breakout soon

• However, the RSI trades below the average, indicating the bulls remain largely passive, probably waiting for the right time to jump in

• Therefore, the PEPE price is believed to remain consolidated within the triangle and reach the apex which may further trigger a bullish breakout above $0.00001

• The dogwifhat price continues to trade within a descending parallel channel and is holding firmly within the upper band

• Although the token’s volatility has dropped, the bulls are expected to hold above the crucial support, which may revive the hopes of reaching the resistance of the channel

• Besides, the RSI maintains a steep ascending trend, holding along the ascending support, which may revive a fresh upswing shortly

• Until the price holds above the support, the probability of reaching $2 could be pretty high, which may push the prices beyond $2.8