#meme section hot topics

The interest rate cut is imminent, will DOGE, Pepe, and WIF lead the rebound?

Recently, the meme has been very quiet, as everyone's attention has been focused on Bitcoin.

Is it time for the meme to rebound?

On the daily chart, DOGE is in an upward channel. It has just touched the bottom of the channel and is currently at a good support level. If it does rebound from here, the top of the channel will be around 0.50. Breaking through the top of the channel and confirming above it could lead to fluctuations around 0.60, depending on where the breakout occurs.

On the other hand, if it breaks below the bottom of the channel and makes lower lows, the upward trend will be negated and will return to square one. That said, the likelihood of trend continuation seems greater.

For the past nine days, PEPE has been in a local downtrend, almost falling back to retest the top of the bullish flag. It has also retested the 0.618 Fibonacci level and may fall back to retest the bullish flag trend line and the 0.786 Fibonacci level.

Since the main trend is still very upward, it is expected that the price will not fall back into the bullish flag shape, although if it breaks down, a price drop below 0.00001730 will create lower lows. That said, this level is a good support.

WIF does seem ready to rebound. It has fallen all the way to the deepest Fibonacci level of this trend, which is 0.786, and this is also a very strong support level. If the price does break through, the upward trend line and the descending trend line of historical highs will become good support.

In summary, the three mentioned memes seem to be ready for a rebound. As always, it largely depends on Bitcoin. From the current situation, Bitcoin is either going to rise or remain relatively stable for a while, with only a small probability of a significant pullback.

If anyone feels confused due to market fluctuations and doesn't know how to deal with being stuck, or feels misled during the operation process, feel free to communicate! #狗狗币作为马斯克的特斯拉官网唯一指定的付款方式之一 $DOGE