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Crypto Daily 2025-01-28 12:20:20

Best Memecoins to Buy at Deep Discount: Analyzing $DOGE, $PEPE, and $WIF Opportunities

Best Memecoins to Buy at Deep Discount: Analyzing $DOGE, $PEPE, and $WIF Opportunities

The crypto market is either going to recover and head into the next stage of the bull run, or we are already entering the bear market. With the former thesis in mind, where are the discount levels to buy $DOGE, $PEPE, and $WIF? $DOGE at strong horizontal support Source: TradingView Of all the memecoins, $DOGE is still very much the leader, ranked 8th by market capitalisation, it is also probably the best positioned from a technical analysis perspective, compared to any of its nearest competitors. As can be seen in the weekly chart above, $DOGE is positioned above the strong $0.31 horizontal support, and is also knocking at the door of $40.337, which could soon also become support. If this level can indeed be flipped into support, the next target would be the 0.5 Fibonacci at $0.39, and then the 0.618 Fibonacci at $0.47, which is only just below the local high. Did $PEPE touch bottom? Source: TradingView $PEPE, one of the other more successful memecoins, arguably touched bottom on Monday during the Deepseek-inspired crypto downturn. While there could still be more downside price action, and even a descent to horizontal support at $0.0000099, this could be a good place to start building a position. $WIF at last-ditch support Source: TradingView Unlike the two previous memecoins, Dog Wif Hat (WIF) looks extremely problematic. There are charts with earlier price action than the Binance weekly chart above, but the last ditch support level at $1.08 remains the same. If this level gives out, a rapid descent to $0.34 would likely follow, and the bull market would then very probably be over for $WIF. For anyone interested in a high-risk bet, buying here, or at support, with a very tight stop loss could come good if the market is ready to turn. 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.

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