Since Donald Trump’s election win, the cryptocurrency market has been bullish, with leading tokens like Bitcoin reaching new highs. However, the meme coin market presents a mixed picture, with assets like Dogecoin surging, while Solana-based meme coins face corrections.
Dogwifhat (WIF): Current Position and Outlook
WIF has seen a 25% decline over the last 30 days, nearing a critical support zone between $2.73 and $2.80. Currently, the price has stabilized at $2.80. If WIF can hold this level and initiate a reversal, it could aim for the descending resistance trendline at $3.50, representing a potential 25% upside.
Popcat (POPCAT): Dynamic Analysis
POPCAT has experienced a steeper decline, losing 38% in value over the past month. It now trades at $1.12, just above its key support level of $1.00. A successful bounce could propel POPCAT toward its next resistance at $1.60, offering a 41% upside.
Cat in a Dog’s World (MEW): Overview and Prospects
MEW has dropped by 31% in the last 30 days, stabilizing near the important support level of $0.0071. It is currently trading at $0.007753. A reversal here could drive MEW toward the next resistance at $0.0088, representing a 13% upside.
As all three meme coins hover near key support levels, recent price actions suggest the potential for a rebound and further gains. However, due to high volatility and broader market sentiment, investors should be cautious, as failure to hold support might lead to further corrections.
