2026-01-02 17:20:12

The Meme coin sector is currently performing quite well, and is more stable compared to other mainstream altcoins. However, looking at the three popular coins PEPE, WIF, and PENGU, they have been under significant selling pressure since October. The tax loss harvesting at the end of the year has further exacerbated the situation, with declines exceeding 2x.

Interestingly, the price is now beginning to reorganize its structure, and some positive signals can be seen on the 4-hour chart. Spot trading volume is also gradually picking up, although it hasn't reached explosive levels yet, but at least it's no longer in a deadlock state. If this momentum can be maintained, there is still a possibility of a breakout and upward movement.

PEPE22.64%

WIF8.68%

PENGU13.98%

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MEVHunter_9000

· 5h ago

I've already said that meme coins are just a game of repeated pump and dump, and the recent drop of PEPE was truly outrageous. Wait, are you starting to organize again? How many times has this trick been played, haha. An increase in trading volume doesn't mean much; be careful, the next wave could be even harsher. Whether it can really break the support or if it's just another fake-out, we have to see. Anyway, I don't believe it. After tax-loss harvesting arbitrage, usually nothing good comes of it.

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MEV_Whisperer

· 5h ago

It's still talking about a breakdown after such a drop, come on buddy, wait until the trading volume truly picks up before discussing it. --- PEPE has indeed been hammered hard this round, but can we trust the 4-hour chart signals? I remain skeptical. --- Tax loss arbitrage was brutal this time, my position almost got wiped out. --- Has trading volume recovered? To me, it still looks dead. Stop comforting yourself. --- Is there a chance for a breakout and upward movement? Then what’s nonexistent? Haha. --- Entering PEPE now is just taking the bait. Wait for the next cycle, brother. --- The fate of WIF and PENGU is sealed; I’ve already given up.

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BlockchainBouncer

· 5h ago

They're trying to cut my meme coins again, talking nonsense about a breakout. Just wait to get crushed again. That wave of tax-loss arbitrage was really amazing. Seeing a decline of more than double, and still staying optimistic—you guys are really tough. Positive signals on the 4-hour chart? Bro, don't fool yourself. Isn't this just a false rebound? A false warm-up? The trading volume can't even pick up, it's dead water. PEPE has been squeezed so hard I lost my pants, and you still want a breakout? Dream on. A slow recovery, huh? Slow enough for me to take a shower and then see the gains. Everyone entering now is just a bagholder. I'll exit first and observe. There's a chance of a breakout upwards, but a bigger chance of a breakdown downwards. You're watching the charts again and waiting for signals. This wait probably takes months. How many times has the 4-hour chart fooled me? I don't believe it anymore.

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gas_fee_therapist

· 5h ago

Falling more than 2 times still called stable? I think this is testing my psychological endurance. That wave of PEPE was indeed tough. It looks like it's accumulating at the bottom now, but I don't dare to bet that it can rise. The volume warming up sounds good, but I've seen too many rebound signals like this. Breakout upward? First, ask those tax-loss arbitrage guys when they can let go. If this wave can really turn around, it will have to wait until after the Spring Festival. It's better to stay on the sidelines for now.

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OnlyUpOnly

· 5h ago

Is pepe about to rebound again? I really don't believe it. That tax loss arbitrage almost got me killed. Hmm... the 4-hour chart does look a bit interesting, but the trading volume is still too weak. Why is wif so resilient? Everyone else is stuck. Breakout upward? Forget it, let's wait and see, don't fall for another fake-out. Tax loss arbitrage is deadly, no wonder it’s dropping so sharply, it's all institutions cutting the leeks. The rebound in trading volume sounds good, but I’m worried it’s a trap. I won’t fall for it. Is now the time to enter as a brave warrior or a cannon fodder? It’s really hard to say. Pengu, this crappy coin should have dropped long ago. It finally can't hold on.

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RugPullAlarm

· 5h ago

Starting from October, let's analyze the capital flow behind the selling pressure. Don't just look at the 4-hour chart and think there's hope; whether large addresses are moving is the key. --- Tax loss arbitrage is adding fuel to the fire? Haha, that's the fate of meme coins. Retail investors get harvested, and institutions come in to pick up the bargains. --- Has the trading volume picked up? I need to check whether it's genuine trades or wash trading; only on-chain data can tell. --- Daring to talk about a breakout after a 2x decline? This rhythm sounds like project teams are just hyping the market. --- PEPE, WIF, PENGU... watch out for whether large addresses are offloading. A good-looking 4-hour chart doesn't mean it won't crash. --- Positive signals? Bro, I only trust the concentration of funds in contract addresses; everything else is fake. --- The real buying opportunity is after tax loss arbitrage at the end of the year. Most of the current entries are just retail investors trying to save themselves.

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OnchainHolmes

· 5h ago

The wave of tax loss harvesting was really fierce. My PEPE was cut in half. Looking at the 4H chart now, there's some improvement, but I still feel heartbroken. The increase in trading volume is a good sign, but such small rebounds are often false breakouts. We need to see if it can stabilize before adding to positions. PENGU has fallen the hardest. It feels like someone is secretly accumulating at the low levels. Breakout upward? It depends on whether it can maintain the momentum later. These kinds of coins are all about sentiment. WIF hasn't recovered yet. Don't expect too much from it in the short term. Insufficient volume makes it hard to form a trend. It's better to keep observing; no need to rush. Those who dare to enter now are all gamblers. I choose to continue lying flat. If this wave can really turn around, those who bought the dip early would be making a killing. It seems we have to wait until after the Spring Festival for a real rebound opportunity.

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