Price Analysis: Comparing the Performance of Crypto Giants WIF, DOGE, PEPE, FLOKI, BONK, SHIB
- The recent market recovery has seen meme coins, such as WIF and DOGE, experience significant increases.
- WIF led the pack with a 24-hour increase of 20.58%, with DOGE following closely behind with a 13.80% rise.
- However, traders are advised to proceed with caution as the RSI indicates that WIF is overbought and DOGE is nearing a similar position.
As the crypto market recovers, meme coins are stealing the show with significant increases. However, with indicators suggesting overbought conditions, traders should tread carefully.
WIF and DOGE Lead Meme Coin Rally
The crypto market recovery between May 3 and 4 saw meme coins, particularly WIF and DOGE, experiencing significant increases. WIF led the cohort with a 24-hour increase of 20.58%, while DOGE also climbed by 13.80%. Other meme coins, including FLOKI, BONK, and SHIB, also joined the rally, outperforming most other assets in the market. At press time, WIF’s price was $3.32, with the 4-hour chart showing no resistance in sight. If this trend continues, WIF could potentially target $4.36 as its next support level.
DOGE Correlates with WIF
DOGE’s performance has shown a correlation with WIF. If this correlation continues, DOGE could see a 19.17% increase, potentially climbing towards $0.18 within a short ... Read the full article for FREE at COINOTAG!
