In the midst of the rapid movements witnessed in the cryptocurrency market, some meme coins are re-emerging as points of interest for traders, led by BONK and DOGE. Both coins show technical signals suggesting a new launch is imminent, as investors wonder about the optimal timing to enter before any potential upward wave.
As for BONK, it recently recorded an increase of over 5% in the past twenty-four hours, reaching a level of 0.00002624. What stands out in this context is the price rebound from a technical support area that intersects with the 60-period moving average, indicating the strength of this level and its readiness to be a new launch base for the price. Other technical indicators, such as the Relative Strength Index (RSI), showed a moderate reading around 61, indicating a buying momentum without entering overbought territory, which gives the market additional room to move upwards without significant selling pressure. Additionally, some positive crossover signals have begun to appear on the MACD indicator, which enhances the likelihood of a genuine upward reversal occurring in the coming days.
On the other hand, regarding DOGE, it has also seen a notable rebound, with its price rising to about $0.19882, benefiting from the support formed at the level of $0.18845, which is the lowest level of the same day. What distinguishes this upward movement is that it coincided with the price surpassing the 60-day moving average, at a time when trading volumes have clearly increased, indicating the influx of new liquidity and genuine interest from traders. All these combined data reinforce the idea that DOGE is preparing to test the psychological resistance at $0.200. If it succeeds in breaking this barrier, the door will be open for it to move towards levels of $0.21 and even $0.225 in the short term.
Between BONK, which is steadily moving on precise technical support, and DOGE, which is seeking to break an important psychological barrier, it seems that meme coins are gradually returning to the forefront of the market, with the potential to be a preferred target for speculators in the upcoming phase. Despite the technical optimism, caution remains necessary, especially given the close correlation between the performance of these coins and the movement of Bitcoin, which still remains the most influential factor on the overall market sentiment.
In conclusion, it is important to remember that this reading is not considered an investment recommendation, but rather a technical analysis based on the indicators available at the moment, and the final decision remains with the investor who manages their risks well and knows precisely when to enter and when to exit.
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