The memecoin market is experiencing a surge today, driving significant price action across several prominent coins in the sector. In the past 24 hours, the overall memecoin category has witnessed a 3.04% increase in market capitalization, with trading volume spiking to $6.51 billion, indicating a high level of buyer interest. Among the top performers are Dogwifhat (WIF) and PEPE, both exhibiting strong price movements and attracting significant market attention. This analysis delves into the latest price trends, key technical levels, and short-term targets for both tokens. The article provides in-depth insights on these coins’ recent performance. 🐶 WIF: WIF has decisively broken above its previous resistance at $0.927, signifying a bullish breakout on the daily chart. The surge to $0.9722 and a peak of $1, has positioned the token for potential gains. Continued bullish sentiment may propel WIF toward the psychological $1 level. If bullish momentum persists, the next target is $1.12. On the other hand, if a pullback occurs, WIF could find support at $0.86. 🐒 PEPE: PEPE has rebounded strongly from its 24-hour low of $0.00001144, now trading at $0.00001263. It’s currently above its 9-day moving average and holding above its immediate support level of $0.00001190. A sustained upward move past $0.00001280 could trigger a surge towards $0.00001475, opening further potential for price growth. However, if PEPE breaks below the support at $0.00001190, it could fall to the next support level of $0.00001129.