Pepe

April

Bonk

Shiba Inu

Today, on April 8, 2024, the overall cryptocurrency market appears bullish, with meme tokens experiencing a massive price surge. However, the third and fourth largest meme tokens, Dogwifhat (WIF) and Pepe (PEPE) are leading the crypto-meme industry. WIF and PEPE massive price surge 
Currently, the overall crypto-meme token market capitalization has jumped by over 5%, standing near $65 billion. The 24-hour trading volume has also increased by nearly 12%, currently standing at $9 billion. However, the third and fourth largest meme tokens, WIF and PEPE, experienced a massive price surge of over 17% and 13%, respectively. 
WIF is currently trading near $4.15, having experienced a price surge of over 17% in the last 24 hours. Looking at WIF’s performance over a longer period, in the last 7 days, it experienced nearly a 90% upside momentum. Meanwhile, PEPE is currently trading near $0.0000079, with a price surge of nearly 13% in the last 24 hours. However, PEPE experienced a price drop of 4% and 10% in the last 7 and 30 days, respectively. 
Besides the massive price surge of WIF and PEPE, the 24-hour trading volume of these tokens also increased by 35% and 107%, respectively. The major reason behind this surge is the recent transition of market sentiment from bearish to bullish. WIF and PEPE technical analysis and key levels 
According to expert technical analysis, WIF and PEPE strongly exhibit a <a href="https://news.todayq.com/arthur-hayes-remains-bullish-on-wif-token/">bullish price action</a> pattern on a daily timeframe. Observing WIF on a daily basis reveals a formation of bullish higher highs and higher lows. At present, it is expected that in the coming days, we may witness a massive price surge, causing the price to skyrocket above the $5.5 level as it reaches another new high. 
On the other hand, PEPE has been moving in a channel pattern for the last 35 days, with recent upside momentum observed from the bottom of the channel pattern. Historical data suggests a high possibility of PEPE soaring over 15% in the coming days. 
Meanwhile, the world’s largest meme coin, Dogecoin (DOGE), has seen a 6% increase in price. Additionally, Shiba Inu (SHIB), Floki (FLOKI), and Bonk (BONK) have also experienced significant price surges of 4%, 10%, and 8%, respectively.

DOGE, WIF lead meme coins rally, Will it sustain?

Todayq News

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