Where to Buy Memecoins During the Next Dip: A Comprehensive Guide

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Over the past few weeks, many meme coins have suffered significant losses. But with the upcoming change in administration under President Trump, a potential market shift might occur. Coins like Dogecoin (DOGE), Pepe (PEPE), Bonk (BONK) and Dog Wif Hat (WIF) could surge. Where can you purchase them?

Clear weekly picture for $DOGE

The weekly graph for DOGE offers a distinct visualization. In recent weeks, the support has been robust, with an impressive display at the key horizontal level of $0.31. This area might have been a good point to invest, although those who bought the very bottom of the wick that plunged as low as $0.26 would have made an exceptional profit.

Given the current situation, we’ve hit some horizontal resistance and the 0.382 Fibonacci level. It’s likely that we’ll see a drop back down to around $0.34. Buying at any point between $0.315 to $0.34 would be advantageous, while buying at $0.28 would be an excellent opportunity for more investment. Potential growth targets lie in the Fibonacci levels above this range.

$PEPE heading for major supports – will it get there?

It appears that the price of PEPE has been turned down from the $0.000018 horizontal support level. Given that the weekly candle has already revisited the 0.618 Fibonacci level, there’s a possibility it could dip even further. If this happens, the drop might extend to the bull market support at $0.000012, which would represent the deepest point of the 0.786 Fibonacci level. Potential buyers may consider entering positions at around $0.00001560, with the possibility of increasing their investment if the price falls further.

$BONK not far from major supports and bull market trendline

As BONK approaches the bottom of its bull market trendline, it’s worth noting that there are robust support levels at $0.00002500 and $0.00002100. The lower support level could potentially align with the rising trendline as well. Purchasing BONK at or below $0.00002500 might offer a favorable investment opportunity.

Trade $WIF with caution

It appears that WIF is reaching quite low levels. Leaving its long-standing triangle didn’t seem to boost its chances as a memecoin. If you’re considering an investment, it might be wise to wait until the price dips closer to $1.100, which aligns with the 0.786 level. This could also create a triple bottom pattern. Purchasing before this level might resemble trying to catch a falling knife. Therefore, trading with WIF should be handled with great care.

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2025-01-15 15:02