Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
PNUT, WIF, PEPE Defy the Odds: How High Can These Memecoins Climb?

PNUT, WIF, PEPE Defy the Odds: How High Can These Memecoins Climb?

CoinEditionCoinEdition2024/11/21 16:00
By:Maxwell Mutuma

PNUT faces strong resistance at $1.37 but could rally if key levels are breached. WIF’s bullish momentum hinges on breaking resistance at $3.34 and sustaining $3.29. PEPE shows rising interest with key resistance at $0.000002150 and support at $0.000002000.

  • PNUT faces strong resistance at $1.37 but could rally if key levels are breached.
  • WIF’s bullish momentum hinges on breaking resistance at $3.34 and sustaining $3.29.
  • PEPE  shows rising interest with key resistance at $0.000002150 and support at $0.000002000.

An analysis of the recent price movements of PNUT, WIF, and PEPE, highlights their bullish trends. These patterns, coupled with strategic support and resistance levels, provide insights into their potential trajectories. 

PNUT Volatility Suggests a Battle Between Bulls and Bears

PNUT (Peanut the Squirrel) showed noticeable price swings over the past day, fluctuating between $1.26 and $1.37. This volatility underlines the active tug-of-war between bullish and bearish sentiments. Significantly, the price appears to be finding a temporary floor at $1.27, suggesting strong buyer interest at this level.

PNUT, WIF, PEPE Defy the Odds: How High Can These Memecoins Climb? image 0 PNUT, WIF, PEPE Defy the Odds: How High Can These Memecoins Climb? image 1 Source: Coinmarketcap

The $1.25 level serves as secondary support, which could stabilize prices further in case of a downward move. On the upside, resistance is evident at $1.37, the point where bullish momentum has stalled. 

Additionally, $1.32 presents a challenge for upward movement, as the price struggles to break above it. If PNUT clears these barriers, it could spark heightened optimism and further gains.

WIF Momentum Builds as Bulls Eye Key Resistance Levels

WIF (Dogwifhat) has enjoyed an upward trajectory, surging from $3.10 to a high of $3.34 within 24 hours. This growth underscores a strong bullish sentiment, albeit accompanied by brief consolidation. Currently trading near $3.29, WIF’s ability to maintain these levels will be crucial for continued momentum.

PNUT, WIF, PEPE Defy the Odds: How High Can These Memecoins Climb? image 2 PNUT, WIF, PEPE Defy the Odds: How High Can These Memecoins Climb? image 3 Source: Coinmarketcap

Support at $3.10 remains vital, with $3.20 serving as an additional cushion for potential pullbacks. Resistance looms at $3.34, marking the peak where selling pressure emerged. Another significant level is $3.30, where the token encountered a recent pullback. A break above these levels could fuel a fresh rally, provided market conditions remain favorable.

Read also: Meme Coins Surge in Popularity; Dominate Crypto Rankings

PEPE  Rising Interest Amid Heightened Market Activity

PEPE has shown remarkable activity, climbing 9.99% to $0.000002096 . A surge in trading volume, up by 40.78%, reflects growing interest and market participation. This uptick signifies optimism, with bullish momentum likely to persist if resistance levels are cleared.

PNUT, WIF, PEPE Defy the Odds: How High Can These Memecoins Climb? image 4 PNUT, WIF, PEPE Defy the Odds: How High Can These Memecoins Climb? image 5 Source: Coinmarketcap

The token faces key resistance at $0.000002150, the recent high, and $0.000002100, a level where sellers have slowed upward moves. Support levels include $0.000001907 and the psychological $0.000002000 mark, which reinforces buyer confidence. Consequently, clearing resistance levels may push PEPE  into uncharted territory, driven by rising interest and activity.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Trump and Wall Street: How long will the love affair last?

Share link:In this post: Wall Street loved Trump’s win at first—stocks jumped, Bitcoin soared, and borrowing costs hit rock bottom, but some sectors started cracking fast. Tax cuts and deregulation made financial and energy stocks shoot up, but tariffs and plans to deport workers freaked out economists and markets. Tariffs mean higher prices for Americans, and even Walmart’s warning it’ll have to raise prices if Trump pushes through with his trade war.

Cryptopolitan2024/11/24 03:44

OpenAI could face a bigger problem than Elon Musk’s lawsuit against it

Share link:In this post: OpenAI’s much bigger threat comes from government regulation since it has more power than Elon Musk. If the government chooses to investigate the shift of OpenAI from a non-profit to a Public Benefit Corporation, there will be severe repercussions. The AI company’s dual model has sparked controversies

Cryptopolitan2024/11/24 03:44

Spot Bitcoin ETFs see record $2.42B inflows as Chinese ETFs suffer historic $2B outflows

Share link:In this post: Spot Bitcoin Exchange Traded Funds saw almost $2.5 billion in investments in a single week. However, the Chinese ETFs have seen a series of outflows, amounting to $2 billion worth of withdrawals. The Bitcoin rally helped elevate the spot ETF market, especially with Bitcoin close to reaching $100000.

Cryptopolitan2024/11/24 03:44

The clash of Bitcoin and benchmark stock indexes

Share link:In this post: The S&P 500 is up 25% this year, with financial and cyclical stocks leading, boosted by optimism around a Trump administration and steady economic growth. Bitcoin has surged 40% this month, nearing $100,000, driven by aggressive trading, retail investor enthusiasm, and headlines hinting at government support. MicroStrategy’s stock hit a $100 billion market cap, tripling its Bitcoin holdings’ value, but its wild 32% drop from intraday highs shows cracks in the frenzy.

Cryptopolitan2024/11/24 03:44