Crypto Gainers $WIF , $PEPE , $HYPER : Meme coins soar with Bitcoinโs recovery to $106K
#MarketPullback ๐๏ธ Buy and trade here ๐
Crypto market bounces back as Bitcoin (#BTC ) reclaims the $106,000 level at press time on Tuesday, resulting in a refreshed rally in top meme coins such as Dogwifhat (WIF) and SPX6900 (SPX), and Pepe (PEPE).
Bitcoin bounces off a support range formed between nearly $103,500 and $104,900 on the 4-hour chart. The breakout rally propels BTC above the 50-period Exponential Moving Average (EMA), challenging the short-term resistance at $106,640.
The momentum indicators suggest a surge in momentum as the Moving Average Convergence/Divergence (MACD) and its signal line approach the centre line after a bullish crossover. Additionally, the Relative Strength Index (RSI) at 56 spikes above the halfway line, flashing a resurgence in buying pressure.
A clean push above $106,640, leading to a 4-hour closing, could test the next key resistance for Bitcoin at $110,422.
On the flip side, the previously mentioned demand zone and the 200-period EMA at $102,911 are crucial BTC support levels.