A crypto analyst is warning that popular meme coins Pepe (PEPE) and dogwifhat (WIF) are about to take a nosedive.
PEPE: Time to Sell?
Credible Crypto, a well-known analyst with over 400,000 followers on X (formerly Twitter), believes PEPE’s recent rally is coming to an end. He’s predicting a big drop, with PEPE falling below $0.00000570.
“PEPE has been bouncing around, but it’s struggling to break through resistance. With Bitcoin likely to take a dip, I expect PEPE to follow suit,” Credible Crypto explained. He’s already shorting PEPE, meaning he’s betting on its price to go down.
WIF: Bearish Setup
Credible Crypto is also bearish on WIF, another meme coin. He sees a bearish setup at its current price level, and he’s already added to his short position.
“I’ve been waiting for this opportunity for a while,” he said. “WIF has hit my target price, and with Bitcoin looking shaky, I’m expecting a drop back to below $1.”
Bitcoin: A Dip on the Horizon?
Credible Crypto isn’t just focused on meme coins. He’s also warning that Bitcoin (BTC) is poised for a pullback after its recent surge. He believes Bitcoin will struggle to break through $69,000 and could fall back down.
“People are getting too excited too soon,” he said. “We’ve seen this happen before. Don’t get caught up in the hype. Wait for a real breakout before celebrating.”
Remember:
This is just one analyst’s opinion. Crypto markets are volatile, and anything can happen. Always do your own research before making any investment decisions. /p>
