Crypto strategist Cred, with a significant following, believes that Pepe (PEPE), a memecoin inspired by frogs, is leading the pack among altcoins. Despite the recent market correction, PEPE is approaching its all-time high, setting it apart from other altcoins like Bonk and Doge, which are still testing their resistance levels.

At the time of writing, PEPE is valued at $0.00000865, just 20% away from its peak of $0.0000106. Cred suggests that Dogecoin (DOGE) may lose momentum if it drops to its immediate support level of $0.147. However, if DOGE manages to break out, it could reach the analyst’s next breakout level of $0.162.

Regarding Bonk (BONK), another memecoin, Cred believes it looks promising as long as it stays above its midpoint range of $0.000025. A shallow pullback or breakout would be preferable for the altcoin, as retracing back to the range low would not be favorable.

Lastly, Cred mentions dogwifhat (WIF), noting that it is in the midst of an uptrend, with invalidation below $3. If WIF continues its upward movement, it could indicate a higher high on the daily time frame and a return to its former range. However, a drop below $3 would change the bias for this coin.

At the time of writing, WIF is valued at $3.37.

Please note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before making any high-risk investments. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets.