Meme Coin Resurrection: Can DOGE, PEPE, and WIF Defy Gravity Again?

Once the darlings of degenerate crypto traders, Dogecoin, Pepe, and Dogwifhat now face their ultimate test—proving they’re more than just hype-fueled pump-and-dump vehicles.

DOGE: The OG meme coin struggles to shake its ’joke’ status despite Elon’s occasional tweets. Can it recapture its 2021 glory days when retail FOMO sent it parabolic?

PEPE: The frog-themed dark horse that made degens rich overnight. Now trading at a fraction of its ATH, can it ride another wave of speculative madness?

WIF: The absurdist underdog that turned a dog-in-a-hat into a nine-figure market cap. Will its cult following defy the ’greater fool’ theory once more?

As always in crypto, fundamentals don’t matter until they do—then everyone pretends they cared about utility all along.

$DOGE bulls battle at key resistance level

Source: TradingView

The $DOGE price is at the key major resistance level of $0.22. It can be seen that a battle royale has been taking place at this horizontal line, with wicks to both sides. The Stochastic RSI indicators are nearing the top, but there is a little bit of room left for another surge higher if that’s what the market decides.

On the other hand, a rejection here could send $DOGE back to $0.16. This current level really is key, and even if the bulls do manage to consolidate above, they WOULD still need to break through the descending trendline and then take out the last swing high at $0.48. Quite a tall order.

$PEPE killing it in comparison with most cryptos

Source: TradingView

The $PEPE bulls are fighting their own battle over the 0.382 Fibonacci level. Up 145% to date since early April, $PEPE is killing it in relation to most other cryptocurrencies. That said, taking this current level is proving extremely difficult. 

The daily Stochastic RSI does look promising though. The indicators are right at the bottom, and the blue fast line is posturing to angle back up and over the red slow line. If it does so, upside price momentum can start coming in once both lines get above the 20.00 level. Targets are the next Fibonacci lines in the chart.

$WIF back from the dead with 285% rally

Source: TradingView

Like Lazerus back from the dead, the $WIF price has staged an extraordinary recovery so far. Up 285% since early April, it has even upstaged $PEPE. That said, the $WIF bulls really need to prove their worth now. The price has run into major resistance, and a couple of wicks into this resistance were sold back down quickly.

Looking at the Fibonacci levels for $WIF, the last wick up touched the 0.236 Fibonacci at the $1.39 resistance level. The next level above this is at the 0.382 Fibonacci at $2. Getting above this could set the scene for the bulls to completely reverse the downtrend.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.