Memecoins' Fortunes Fluctuate: $DOGE, $PEPE, $WIF, and $TRUMP's Prospects

Memecoins, once the darlings of the cryptocurrency world, have seen their fortunes fluctuate dramatically. As the market matures, the question remains: are memecoins a thing of the past, or do they still hold promise? Let's explore the prospects of $DOGE, $PEPE, $WIF, and $TRUMP.

$DOGE, the original memecoin, has managed to endure the test of time, largely thanks to its association with Elon Musk. Its weekly chart shows a persistent upward trend, but maintaining the 0.786 Fibonacci level is crucial for bulls. A slight drop below the upward trendline would require correction, ideally before the weekend concludes. On the bullish side, the Stochastic RSI at the chart's bottom could spark new upward price momentum if it reverses direction and moves upward beyond the 20.00 mark.

$PEPE, another popular memecoin, has taken a significant plunge in recent months, now sitting about 66% below its peak. However, it appears the bottom might have been reached, with the price stabilizing at the intersection of horizontal support and the rising bullish trend line. Similar to $DOGE, the weekly Stochastic RSI for $PEPE is at its lowest point, presenting a favorable moment for potential investors. Nevertheless, if the price dips below the support level, it could signal the end of this bull phase for $PEPE.

Dog Wif Hat (WIF), on the other hand, offers little hope. Its weekly chart shows a bleak outlook, with a promising breakout from the triangle last November not resulting in a higher high. Since then, the price has plummeted through the triangle's base, leading to its current state. Despite the Stochastic RSI indicators being at their lowest point, the 84% decline doesn't inspire much confidence among potential investors. However, with favorable conditions in the final bull market stage, $WIF could still experience an unexpected turn.

$TRUMP, with only three weeks of price activity, makes forecasting its future challenging. It has plummeted by 77% since its remarkable initial surge on launch day. This decline was somewhat anticipated due to the massive hype surrounding this memecoin and its associated figure. However, if it is undergoing a bottoming process, those willing to take a gamble