Are PEPE & WIF Prices Recovering? Here’s What to Expect for This Memecoin in Q4 2024

The memecoin space is gaining strength as the top cryptos are trying hard to rise & sustain above the achieved resistances. The volume over the platform has increased by over 6% and the market capitalization has also risen by nearly 2.5%. While Dogecoin & Shiba Inu have been sustaining above $0.1 and $0.00001, respectively, the popular ones like Pepe & dogwifhat have been fighting with the bearish heat. Will PEPE & WIF prices recover when memecoins like POPCAT and BRETT are gaining significant strength?

PEPE Price Analysis

• The PEPE price has reclaimed the levels within the decisive symmetrical triangle, keeping the bullish hopes alive

• Although the bears continue to hold equal dominance over the token, the bulls seem to be poised to initiate a bullish breakout soon

• However, the RSI trades below the average, indicating the bulls remain largely passive, probably waiting for the right time to jump in

• Therefore, the PEPE price is believed to remain consolidated within the triangle and reach the apex which may further trigger a bullish breakout above $0.00001

dogwifhat (WIF) Price Analysis

• The dogwifhat price continues to trade within a descending parallel channel and is holding firmly within the upper band

• Although the token’s volatility has dropped, the bulls are expected to hold above the crucial support, which may revive the hopes of reaching the resistance of the channel

• Besides, the RSI maintains a steep ascending trend, holding along the ascending support, which may revive a fresh upswing shortly

• Until the price holds above the support, the probability of reaching $2 could be pretty high, which may push the prices beyond $2.8