Meme Coins Plummet: $WIF, $PEPE, $ANIME Crash, But $BRETT, $CHILLGUY Show Resilience

Meme coins, once the darlings of the crypto market, have taken a significant hit, with several prominent tokens, including $WIF, $PEPE, and $ANIME, plummeting by over 50%. The sudden downturn has sparked concerns among investors about further declines, as airdrop hype, weak liquidity, and profit-taking have dampened sentiment.

However, not all meme coins are feeling the heat. Tokens like $BRETT and $CHILLGUY have shown resilience, hinting at potential bullish momentum. Analysts suggest that market consolidation could create buying opportunities for long-term investors, as some meme coins may have reached oversold territory.

$WIF, the leader of the big correction in meme coins, is currently lurking in a wave-(3) downtrend, with possible resistance between $0.825 and $1.425. If it breaks above $1.425, it could signal a low point, but prices could still go lower for now.

$PEPE investors have faced a 70% drop, but experienced traders point out that past cycles show huge rebounds after dips. Despite the crash, many holders are still up, and those who bet against the crowd might see this as a good time to buy, given the extreme fear sentiment.

Newer meme coins like $ANIME and $PENGU have taken a beating after airdrops, with weak liquidity and short-term hype traders selling contributing to their decline. However, technical indicators point to a possible falling wedge breakout, which could lead to a 130-150% rebound.

Despite the overall market slump, $CHILLGUY has been surprisingly strong, bouncing back sharply. Analysts set targets at $60-$70 million market cap, predicting more gains if key resistance levels are broken. Similarly, $BRETT's "King of Base" narrative remains strong, as the token has focused on building community-driven value and backing real-world initiatives. Its stronghold during this dip has reignited bullish sentiment, with many calling for new highs in 2024.

Meme coins are still very risky, but history shows that big drops often come before huge recoveries. Projects with strong communities and long-term plans might weather this