As Bitcoin ($BTC) continues its latest correctional phase, the memecoins are falling much faster. $DOGE, $PEPE, and $WIF are crowd favourites. Where would the best levels for a bounce be?
$DOGE price in a bullish ascending triangle
Source: TradingView
The $DOGE price in the short time frame is looking quite good. A rejection at $0.47 was probably to be expected, and the price is now heading back down. The 0.382 Fibonacci at $0.43 has already been touched, and now it remains to be seen whether the price will continue further down.
Favourite level for a bounce is possibly $0.41, or a wick down to the 0.618 at $0.395 is also a possibility. The ascending trendline could also provide some support.
One very bullish factor to notice is that the price is possibly within an ascending triangle. These patterns are generally very bullish, and so it might be expected that the $DOGE price could indeed bounce from the bottom trendline of this pattern. If $DOGE does succeed in breaking to
We współpracy z: https://cryptodaily.co.uk/2024/12/doge-pepe-wif-bounce-zones
