As the crypto market teeters on the edge of either a recovery leading to the next bull run phase or a descent into a bear market, it's crucial to identify the discount points for $DOGE, $PEPE, and $WIF. $DOGE Holding Firm at Key Horizontal Support Source: TradingView Among the memecoins, $DOGE stands out as a leader, holding the 8th spot in market capitalization. From a technical analysis standpoint, it appears to be in a strong position compared to its closest rivals. The weekly chart above shows $DOGE positioned just above a robust $0.31 horizontal support, and it's approaching the $40.337 level, which might soon become another support level. Should this level be transformed into support, the subsequent targets would be the 0.5 Fibonacci level at $0.39, followed by the 0.618 Fibonacci level at $0.47, just under the recent high. Has $PEPE Found Its Bottom? Source: TradingView $PEPE, another notable memecoin, might have hit its lowest point on Monday amid the Deepseek-inspired crypto slump. Although there could be further price declines, possibly down to the horizontal support at $0.0000099, this might present a good opportunity to start building a position. $WIF Approaching Critical Support Levels Source: TradingView In contrast to the previous memecoins, Dog Wif Hat (WIF) seems to be facing significant challenges. Although there are charts showing earlier price activity than the Binance weekly chart above, the crucial support at $1.08 remains unchanged. If this support is breached, a quick fall to $0.34 is likely, potentially signaling the end of the bull market for $WIF. For those willing to take a high-risk gamble, purchasing at this point, or at support, with a very tight stop loss could prove beneficial if the market starts to turn around. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
