DOGE, PEPE, BONK: Is a new rally for memecoins coming?
After the recent market downturn, technical signals indicate that the memecoins Dogecoin (DOGE), Pepe (PEPE), and Bonk (BONK) may be the first to experience a resurgence. Read here for an analysis of this development.
DOGE: Is a new increase of 70% on the horizon?
Although Dogecoin (DOGE) has experienced a correction after hitting a low, technical indicators show encouraging signs for an impending recovery. This is also true for other memecoins. The strong support at $0.21 and the improved Stochastic RSI suggest a bullish recovery that could reach up to 70%.
PEPE: A recovery in sight
After exiting its downward channel, the price of PEPE formed an upward channel. Although the current correction has forced it to exit the lower part of this channel, PEPE has stabilized on horizontal support at $0.000012. If the bulls manage to create a recovery from this level, PEPE could initially target $0.000016 and then $0.000018 before attacking its all-time high.
BONK: One of the few memecoins in the green
While the majority of cryptocurrencies show negative performance, BONK stands out by holding above the support at $0.000032. Once the market experiences an upward trend again, BONK could target the resistance at $0.000039. If buyers can break through and hold this level, the all-time high will then be within reach.
