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The post <a href="https://coinpedia.org/price-analysis/solana-memecoins-in-focus-will-pepecoin-and-wif-price-overcome-their-losses-this-week/">Solana Memecoins in Focus: Will Pepecoin and WIF Price Overcome Their Losses This Week?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noreferrer noopener">Solana price</a> has recorded a correction of 6.86% within the past 24 hours with a trading volume of $1.77 Billion, a jump of 138.82%. With this, the altcoin has plunged below the $125 mark, indicating a strong bearish sentiment for this crypto token in the market. 
The Solana-based have experienced a similar trend by recording significant corrections in their portfolios. On the other hand, the top SOL-based memecoins have recorded the highest loss by plunging over 10% each within the past day. 
With the rising bearish sentiment in the cryptocurrency market, will the memecoin category regain its lost momentum or plunge toward a new low during the upcoming month? 
<h2 class="wp-block-heading" id="h-wif-memecoin-bearish-trend-intensifies">WIF Memecoin Bearish Trend Intensifies!</h2> 
The <a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/" target="_blank" rel="noreferrer noopener">dogwifhat price</a> has plunged 14.77% within the past 24 hours with a jump of 39.31% in its trading volume. Furthermore, the memecoin has cut 37.46% within the past seven days and 44.50% over the past month. Notably, the WIF token is trading at a discount of 68% from its ATH. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeNeFpo8urcLm70X_jfKW8NaTe_C954FycvQ6ZiE8vWBho5G_t3IrfS6TqL7L1DP8bVVzSjek5jKEWI_vJyx2UtMaFe9PIifxbt9MyIcm-7SomuAEERDNkw0Ap479V4kbdLpSq4rAQXB599X5F5s8VoFApQ?key=eP5p9VGuTO8ifRoWeaKwSQ" alt="WIF Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: WIF/USDT
 </figcaption>
</figure> 
Moreover, the WIF coin price has formed a descending channel pattern, suggesting a weak price action for the memecoin in the cryptocurrency space. Further, the SMA constantly acts as a resistance to the price chart in the 1D time frame. 
The Relative Strength Index (RSI) has plunged below the oversold range, indicating increased selling pressure for the <a href="https://markets.coinpedia.org/dogwifhat/" target="_blank" rel="noreferrer noopener">WIF price</a> in the crypto space. Furthermore, the average trendline shows a constant decline, suggesting a negative outlook for the Solana-based memecoin in the market. 
If the crypto market records a bullish reversal, the dogwifhat price will regain momentum and prepare to test its resistance level of $2.10. Conversely, if the bears continue to dominate, the WIF crypto will plunge toward its important support level of $1.240 in the coming time. 
<h2 class="wp-block-heading" id="h-pepe-price-on-the-verge-of-a-major-breakdown">Pepe Price On The Verge Of A Major Breakdown?</h2> 
By recording a correction of approximately 13% in its portfolio over the past 2 days, the <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/" target="_blank" rel="noreferrer noopener">Pepe coin price</a> has successfully formed a triangle pattern in its 1D time frame. Moreover, the memecoin has traded under a bearish sentiment since the month started, indicating a bear power in the market. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXewdxEYql2evarS-T4dO_T50EObQpKAA88w1Iy3XIlgM0_ilBvkcXRk2mBtQgC_BA4mVU-XZ0zODBq23CjzsDl3cry9dronEU7OIHN31ZmvVV-ZUBy5lrr8MJWN9JFIgYGvonWKeKAqE65nJeQNP_-G0fEm?key=eP5p9VGuTO8ifRoWeaKwSQ" alt="Pepe Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: PEPE/USDT
 </figcaption>
</figure> 
The Pepe price has lost 14.77% in valuation within the past 24 hours with a change of +51.29% in its trading volume. Moreover, it has plunged 11.23% within the past seven days and 31.57% over the last 30 days, indicating a long-term bearish sentiment in the crypto space. 
The technical indicator, MACD, displays a constant red histogram, highlighting a weak bullish sentiment for the <a href="https://markets.coinpedia.org/pepe/" target="_blank" rel="noreferrer noopener">PEPE memecoin</a> in the crypto space. Furthermore, the averages show a constant downtrend, suggesting the Pepe price will continue losing value this week. 
If the market pushes the price of the Pepe token above the resistance level of $0.00001150, the bulls will prepare for a breakout and head toward its upper resistance level of $0.00001410. However, if the bears continue to gain control, the memecoin will plunge toward its support of $0.00000880.

Solana Memecoins in Focus: Will Pepecoin and WIF Price Overcome Their Losses This Week?

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