With Bitcoin bulls fighting hard to keep the $BTC price above the $60,000 horizontal level, and the rest of the cryptocurrencies foundering, The memecoins, probably the furthest out on the risk curve, are being hit even harder. $PEPE, $WIF, and $BONK, are feeling the pain.
$PEPE falls heavily, but higher low looks likely
Source: TradingView
The $PEPE (PEPE/USD) weekly chart shows a strong rejection from the 0.5 Fibonacci level at $0.00000115, and the price has been falling heavily since then. Currently at a fairly strong horizontal support level, it remains to be seen if a bounce can take place from here.
If the price does continue down, the 0.618 Fibonacci for the downside move, is another area of support below. The final strong support can be found at the 0.786 Fibonacci level at $0.00000718.
On a more positive note, depending on whether Bitcoin is able to turn things around, $PEPE is looking likely to make a higher low. Following on from its recent higher high, the tr
We współpracy z: https://cryptodaily.co.uk/2024/10/memecoins-hit-hard-by-latest-crypto-reversal
