Crypto Blog
Fan favorites Dogwifhat and Pepe have taken a nosedive, reminding traders of their unpredictability.This new token has raised over $7 million in its presale and is gearing up for an exchange launch later this year.The dog-themed meme coinThis downward spiral kicked off when WIF rejected the 200-period exponential moving average as resistance on the 4-hour chart.The token has even slipped below its 50-period EMA, a bearish signal that’s got traders concerned.
With this key technical indicator breached, all eyes are now on the $1.50 mark as the next potential support level.This increased activity might indicate bargain hunters trying to time the rebound.Bitcoin fell below $60,000 yesterday, and with the bearishness continuing today, the coin is dragging WIF down with it.The token has fallen off a cliff, tradingThis slump has seen PEPE break through the critical $0.
Ultimately, this perfect storm of negative factors has left PEPE investors wondering if their favorite meme coin can rebound.But given PEPE’s ability to produce wild price swings, there’s always a chance for a sudden resurgence.While WIF and PEPE struggle,This AI-powered crypto has just passed the $7 million mark in its ongoing presale – proving there’s still demand for creative meme coins.
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