The cryptocurrency market experienced a crucial week, with the United States data playing a significant role in influencing the market dynamics, including Bitcoin. During this period, three altcoins managed to impress investors by entering the top 100 in terms of market value, according to data from Coingecko.
WIF Graphic Analysis
WIF, a popular memecoin project in the Solana ecosystem, made a significant impact last week. It pleased investors with a 20.5% increase and achieved a total trading volume of $611,462,804. The breakout in the downtrend line suggests that WIF’s rise will continue in the future.
On the four-hour chart, important support levels for WIF are $3.25, $3.07, and $2.84, respectively. If the price closes below the $3.07 level, which aligns with the EMA 200 average, selling pressure could arise. The resistance levels to watch for WIF are $3.48, $3.92, and $4.35, respectively.
Latest technology news can be found at Newslinker.co.
PEPE Graphic Analysis
PEPE, another memecoin project that stood out in the cryptocurrency market, had a significant impact last week. It saw an 11.4% increase and had a weekly trading volume of $868,406,062. PEPE’s price recently surpassed the EMA 21 average, indicating an important milestone.
On the two-hour PEPE chart, key support levels to monitor are $0.00000838, $0.00000804, and $0.00000778, respectively. If the price closes below the $0.00000838 level, which aligns with the EMA 21 average, selling pressure could arise. The most important resistance levels for PEPE are $0.00000897, $0.00000916, and $0.00000937, respectively.
W Graphic Analysis
W, the native token of the Wormhole protocol in the Solana ecosystem, faced significant selling pressure after an airdrop event. However, it gained momentum with the formation of an ascending channel on the two-hour chart, resulting in an 11.4% rise last week. In recent days, W encountered selling pressure again after reaching the resistance line of the formation.
On the two-hour chart, the most important support levels for W are $0.673, $0.633, and $0.577, respectively. If the price closes below the $0.673 level, which has been a significant support in recent formations, selling pressure could arise. The key resistance levels to watch for W are $0.698, $0.743, and $0.776, respectively.
Disclaimer:
The information provided in this article should not be considered as investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and should conduct their own research.
