GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout
News

Is This the End of Memecoin Mania? BONK, WIF, & BOME Record Colossal Loss

Meme coin

The post Is This the End of Memecoin Mania? BONK, WIF, & BOME Record Colossal Loss appeared first on Coinpedia Fintech News

The market dynamics appear to have changed as the meme coins’s strength has waned to some extent. These fluctuations have occurred very frequently in recent times, indicating the tokens have become more volatile. This could keep the trader’s attention over the memecoins, which may prevent them from extending their descending trend. Therefore, despite these tokens demonstrating a bearish trend, a fresh ascending trend seems to be imminent. 

Bonk (BONK) 

  • BONK price continues to range within an ascending triangle and faced rejection at the upper resistance zone
  • MACD is also close to triggering a ‘sell’ signal as the levels are about to undergo a bearish crossover 
  • Therefore, the BONK price is expected to plunge below $0.00003 initially and if the bulls do not display their strength here, the levels may extend to $0.000027
  • The technicals remain within the bullish range and hence a rebound could be imminent, which may elevate the levels back to $0.000045 and a breakout may be expected in the first few days of July 2024.

dogwifhat (WIF) 

  • WIF price began its trading journey with huge bullish momentum and marked highs above $4.8, however; it turned out to be a fake breakout out of the channel
  • The price is maintaining an ascending trend within a parallel channel and after facing a rejection from the upper resistance, the levels have approached the average bands
  • However, the price still holds the key resistance-turned-support zone, keeping bullish hopes alive
  • Therefore, if the bulls demonstrate strength, then the dogwifhat price is believed to rise and reach the upper resistance above $4, otherwise, a drop may cause a plunge below $3

BOOK OF MEME (BOME) 

  • Regardless of the ongoing market trend, BOME price appears to be trading within an ascending triangle, which results in a bullish breakout
  • The price could maintain an ascending consolidation along the lower trend line and reach the upper resistance at $0.01498
  • Besides, the RSI is also displaying acute bullish momentum as it is maintaining a consecutive higher high and low
  • Therefore, the BOME price may remain consolidated and reach the apex at the resistance, further triggering a healthy upswing towards upper resistance at $0.0185

Latest Press

post-thumbnail
News
6 hours ago
TRX Short Sellers Face $2M Liquidation, Will Bulls Step In?
The post TRX Short Sellers Face $2M Liquidation, Will Bulls Step In? appeared first on Coinpedia Fin...
READ MORE
post-thumbnail
News
6 hours ago
Cardano (ADA) Whales Buy 130M Tokens, Bull Run Incoming?
The post Cardano (ADA) Whales Buy 130M Tokens, Bull Run Incoming? appeared first on Coinpedia Fintec...
READ MORE
default post thumbnail
News
6 hours ago
Chainlink (LINK) Among Top Gainers With 11% Daily Surge, Is A Rebound To $24 Coming?
After losing a key support level earlier this week, Chainlink (LINK) has surged 24% from the recent ...
READ MORE
default post thumbnail
News
6 hours ago
Best New Presales to Buy as Bullish Bitcoin Signal Promises Upcoming Bull Run
Bitcoin’s recent performance has sent shockwaves through the crypto market, with retail investors ...
READ MORE
default post thumbnail
News
6 hours ago
Is Bitcoin Peak In? This Data Suggests Otherwise, Analytics Firm Says
An analytics firm has explained how the data related to the stablecoins could hint at whether the Bi...
READ MORE
default post thumbnail
News
6 hours ago
Best Cheap Crypto to Buy Now: Hidden Gems for Under $1
The best cheap crypto to buy now isn’t always obvious, but finding hidden gems under $1 has pe...
READ MORE
default post thumbnail
News
6 hours ago
Bitcoin Breaches 12-Year Support Line Against Gold – Is The Bull Run Over?
As Bitcoin (BTC) struggles amid the latest crypto market pullback – failing to decisively break pa...
READ MORE
post-thumbnail
News
6 hours ago
Bitcoin Rebounds Above $85,000 Amid Weak Market Demand
Bitcoin (BTC) is experiencing a notable price recovery, reclaiming the $85,000 level after a 4.3% in...
READ MORE
default post thumbnail
News
6 hours ago
Lightchain AI Is Making Waves—Don’t Miss Out Like Those Who Ignored Pi Coin’s Early Days
Lightchain AI is making waves—don’t miss out like those who ignored Pi Coin’s early days! With...
READ MORE
default post thumbnail
News
6 hours ago
As Bitcoin (BTC) Struggles to Get Back to $100K, This New Token Steals the Show
Bitcoin, the original trailblazer of cryptocurrencies, has long been the benchmark for market perfor...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started