What's up, folks! The memecoin fever is taking an unexpected turn, and we need to be very attentive to what's happening. Look, it seems that Bonk (BONK) and Pepe (PEPE) are skyrocketing, while Dogwifhat (WIF) is plummeting. Is the season of memecoin madness over, or is this just the warm-up? 🤔
Bonk, the Solana memecoin, is revving its engines again. It has risen 6-7%, reaching about $0.000018, all thanks to the gossip about ETFs and the token burn! It's as if someone poured gasoline on the rocket. 🚀 It has remained strong and risen more than 20% from the week's lows, which is a tremendous sign for those who believe in memes!
Despite facing selling pressure, the price of BONK continues its bullish influence, rising from $0.00001558 to $0.00001627. The momentum is so strong that it's approaching an important resistance. If it manages to break it, it could turn around the bearish trend it had! And to top it off, the CMF (which is like the meter for money coming in) is rising and remains positive! That means more cash is coming into the platform. So, if BONK manages to cross that barrier, it could reach $0.00002776! Can you imagine? 🤑
On the other hand, Pepe (PEPE), the little frog's coin, is also showing its muscles. It is around $0.0000098, with a slight increase of 1-2% in the last 24 hours, but the most interesting thing is that the whales (those big-money investors) are accumulating like crazy! Moreover, a bullish wedge is forming, which is a technical signal that something good is coming. They say it could rise more than 50%! 🐸⬆️
The price of PEPE has been in a bearish channel, but now, within that same channel, it has formed a small but bullish one! Although the CMF is decreasing (less money coming in), the RSI (which measures price strength) is doing its best to keep it up, which means that the price of PEPE is at a crucial moment. If it manages to surpass the main resistance, it could continue its good streak! The upcoming weekend will be key, because if it rises above $0.00001, goodbye to the bearish theory! 🤞
But not everything is rosy. Dogwifhat (WIF), the dog in a hat, is a bit down. It has dropped 4-10% today, hovering around $0.85, and is testing an important support level. The trading volume has decreased, which may be a sign that it is looking for a low point to bounce back. It's as if the little dog is taking a breather before running again. 📉
The price of WIF hit a resistance and couldn't break through, so the trend turned bearish, and it could drop to $0.78. The MACD (another technical indicator) also shows that buying pressure is decreasing, meaning that sellers are winning. But be careful, as this could just be a breather before the bulls (the buyers) come back and break the resistance, bringing WIF between $1.04 and $1.1! So keep an eye on it! 👀
In the end, the token burn of Bonk (which reduces the amount of coins in circulation, making the remaining ones worth more) and the constant demand for Pepe suggest that the memecoin fever still has a lot of life ahead! Technically, both Bonk and Pepe are showing signs of bullish breakouts, while the drop of WIF could just be a bump for a short-term rally. We need to stay sharp and see how the volume moves!
So, my people, things are heating up. Memecoins have us on the edge of our seats. Is this the prelude to something bigger? Only time will tell! Let's keep track of these cryptos that are making waves! 💥$PEPE $WIF $BONK
