As Bitcoin (BTC) continues to traverse sideways, the altcoins are certainly not going to outperform. This is even more so the case with memecoins. $PEPE, $WIF, and $BONK have had stunning price surges this year, but now, it’s a case of just how low can they go?
How great is your risk tolerance?
When it comes to altcoins, and even more so the memecoins, one has to ask the question: how much risk are you prepared to tolerate? Things are great among the memecoins when the whole market is rising, but when it’s going in the opposite direction, those holding memecoins had better be prepared to see blood.
$PEPE sits on strong support
Source: TradingView
For $PEPE, the daily chart is quite clear. The price is currently holding above the 0.786 fibonacci, which is the deepest of these levels. If the price did fall below this, a strong horizontal support level is at $0.00000592.
$WIF breaks down through support
Source: TradingView
The $WIF price is not having the best of times. I
We współpracy z: https://cryptodaily.co.uk/2024/08/pepe-wif-bonk-can-they-go-lower
