MEME Coin Trends: DOGE Consolidating, WIF and PEPE May Become the Next Breakthrough Focus 🚀🚀
The recent trend of MEME coins has indeed been somewhat unusual, especially DOGE. After breaking through a key resistance level, it has not quickly escaped the range like ETH and SOL, but has instead entered a relatively weak consolidation phase, lingering above the resistance level and lacking obvious upward momentum.
This performance raises the question: Is the lack of momentum due to retail investors being overly weighted in the market, or is the entire market waiting for some key news or for Bitcoin (BTC) to complete a short-term breakout before ushering in a new wave of increase?
In contrast, WIF's trend appears to be much stronger. It has been oscillating repeatedly near the resistance level, seemingly “washing out,” but in reality, it is accumulating strength. Once it effectively breaks through, it is likely to lead to a significant market movement.
PEPE also possesses similar potential; their breakout may just be a matter of time.
In this context, investors can adopt a “breakout chasing” strategy, pre-positioning in WIF and PEPE to reduce holding risks while keeping a close watch on market trends, waiting for DOGE and the entire MEME coin group to regain momentum. 😍😍😍
