dogwifhat (ETH)

Memecoin

dogwifhat

The PEPE

The post <a href="https://coinpedia.org/price-analysis/memecoin-mania-halts-whats-next-for-pepe-and-wif-prices-this-month/">Memecoin Mania Halts! What’s Next For PEPE And WIF Prices This Month?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The memecoin industry continues displaying a significant valuation correction, indicating investor’s rising disinterest in it. Further, the top 5 meme coins have recorded a massive correction of over 25% each over the past seven days. 
With <a href="https://coinpedia.org/beginners-guide/what-is-bitcoin-halving/">Bitcoin Halving</a> around the corner, the market continues to stumble, highlighting the high possibility of the crypto industry concluding the month of April on a bearish note. Will memecoin experience a second round of surge Post-halving? 
<h2 class="wp-block-heading" id="h-pepecoin-pepe">Pepecoin (PEPE):</h2> 
The PEPE coin price displayed a neutral start to the year, however, as the hype for memecoins gained traction, the <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/">PEPE price</a> recorded a jump of over 500% in valuation. Following this, the bulls lost momentum at the resistance of $0.000010. Since then, the price has been trading under a bearish influence. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/Jfizz0s0LUFF4FGs4M4_xXgaIjkz8lQqGuYypn4UAj-gcN9MgrWTHt5gWcjlZbuyOwl7_we9UwgDH87afzT3rRs8-fhP2vF2FMPaP9G9BIJzGvk_3dCKLp89Pt5EK9kzVRvDCVtlLJATN5oervivS-U" alt="PEPE Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: PEPE/USDT
 </figcaption>
</figure> 
The PEPE price continues to display a negative trend by recording a correction of approximately 8% within the past 24 hours. Moreover, the memecoin has lost 32.59% within the past seven days and 24.89% over the past 30 days, highlighting increased selling pressure in the crypto industry. 
The Cross EMA 50-day shows a bearish curve, indicating a strong bearish influence for this altcoin in the market. Furthermore, the technical indicator, MACD, shows a constant red histogram with its averages displaying a steady decline in the chart. 
If the market holds the <a href="https://markets.coinpedia.org/pepe/">PEPE token</a> above the support level, the bulls will regain momentum and prepare to test its upper resistance level of $0.00000785. However, a bearish reversal may pull the price toward its low of $0.00000400. 
Also Read : <a href="https://coinpedia.org/news/top-memecoins-poised-for-10-50x-profits-in-2024/">Top 13 Memecoins to Buy for 10-50x Profits in 2024</a> 
<h2 class="wp-block-heading" id="h-dogwifhat-wif">dogwifhat (WIF):</h2> 
Since its launch, the <a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/">WIF price</a> has gained significant attention in the cryptocurrency market. Following its launch the price recorded a surge of over 2,500%, resulting in the dogwifhat token recording an ATH of $4.85. Since then, the price has been trading negatively and has lost over 50% in valuation. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/fINJmZEqvxWX-U_9K1uI1wslmZVnOqI3oKbKH_qANZGnvYtzOHHMBc8dJxk2Cc12cuAZWYfkPIYJQYCjQIAE4-daawxW3MCeRRCbn_1C7Ulaojza2TSjb2XJ2byDGvPTdFJhh5fbT9lo-M_-kDxEWlY" alt="WIF Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: WIF/USDT
 </figcaption>
</figure> 
The viral Solana-based memecoin has lost 5.06% within the past 24 hours and 33.89% over the past seven days, indicating a bear power for the memecoin in the crypto industry. Moreover, the Year-to-Date of this altcoin has reduced to +1,589% at the time of writing. 
The MACD shows a constant red histogram in the chart with its averages showing a steady decline. Moreover, the Simple Moving Average (SMA) displays a bearish price movement, suggesting a negative price sentiment for the WIF token in the coming days. 
Read More : <a href="https://coinpedia.org/price-analysis/are-the-top-meme-coins-going-back-in-hibernation/">Are The Top Meme Coins Going Back in Hibernation?&nbsp;</a> 
If the bears continue to dominate the market, the dogwifhat (WIF) price will fall to test its crucial support level of $2.09. However, if the bulls regain momentum, the price will prepare to test its upper resistance level of $3.90 in the coming time.

Memecoin Mania Halts! What’s Next For PEPE And WIF Prices This Month?

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