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We left behind a critical week in the cryptocurrency market. During this period, especially the data from the United States was the most important criterion affecting the dynamics of the cryptocurrency market, including Bitcoin. During this period, according to the data we received from Coingecko, three altcoins that entered the top 100 in terms of market value managed to please investors.
WIF Graphic Analysis
WIF, one of the most popular memecoin projects in the Solana ecosystem, made a significant impact last week. During this period, WIF, which pleased its investors with a 20.5% increase, had a total trading volume of $611,462,804. The breakout in the downtrend line will support WIF’s rise in the coming period.
The most important support levels to watch for WIF on the four-hour chart are; $3.25, $3.07, and $2.84 respectively. Particularly, a bar close below the $3.07 level, which intersects with the EMA 200 average, could create selling pressure on WIF’s price. The resistance levels to watch for WIF are $3.48, $3.92, and $4.35 respectively.
PEPE Graphic Analysis
PEPE, another memecoin project that stood out in the cryptocurrency market, made a significant impact last week. PEPE, which attracted attention with an 11.4% increase over the last week, had a weekly trading volume of $868,406,062. PEPE’s price recently surpassed the EMA 21 average, marking an important milestone.
The most important support levels to watch on the two-hour PEPE chart are; $0.00000838, $0.00000804, and $0.00000778 respectively. Particularly, a bar close below the $0.00000838 level, which intersects with the EMA 21 average, could create selling pressure on PEPE. The most important resistance levels to watch for PEPE are $0.00000897, $0.00000916, and $0.00000937 respectively.
W Graphic Analysis
W, the native token of the Wormhole protocol serving in the Solana ecosystem, encountered significant selling pressure after an airdrop event but gained momentum with the formation of an ascending channel on the two-hour chart, attracting attention with an 11.4% rise over the last week. However, in recent days, W faced selling pressure again after touching the resistance line of the formation.
The most important support levels to watch for W on the two-hour chart are; $0.673, $0.633, and $0.577 respectively. Particularly, a bar close below the $0.673 level, which has been a significant support in recent bar formations, could create selling pressure on W’s price. The most important resistance levels to watch for W are $0.698, $0.743, and $0.776 respectively.
