In his latest YouTube video titled “Turn $1,000 into $100,000 With Meme Coins in 45 Days! [I’m Buying These Memes Now],” Miles Deutscher provides an analysis of the current memecoin landscape where he lists specific coins that he believes are poised for substantial growth. Deutscher contextualized the current market environment, stating, “altcoins are now breaking out of a key resistance level on the weekly, absolutely flying specifically the meme coins.” He attributes this surge to the memecoin supercycle, driven by increased retail participation and strategic exchange listings. “The altcoins that people are bidding in light of this breakout are the memecoins, specifically the ones that are getting exchange listings,” he explains. List Of Deutscher’s Top Memecoins To Buy Now Among the top memecoins Deutscher highlights, Pepe (PEPE) is a standout performer. “Pepe is my first 100x through memecoins,” Deutscher exclaims. He advises a proactive trading approach, utilizing technical indicators to navigate its price movements. “Pepe continues to show strong bullish signals, making it a prime candidate for long-term holds and active trading,” he asserts. Related Reading: Uncertainty Looms For Crypto As SEC And CFTC Leadership Transitions Unfold Under Trump Dogwifhat (WIF) is another memecoin that Deutscher identifies as having significant upside potential. “WIF is performing exceptionally well right now,” he notes, pointing to its strong market performance. Deutscher recommends monitoring breakout patterns and technical signals akin to those observed with Pepe, suggesting that WIF is well-positioned to capitalize on the ongoing market momentum. “Watch for breakout patterns and technical signals similar to Pepe,” he states. Foxy (FOXY) also garners attention for its remarkable performance, currently up approximately 110% in the last 13 days. “Foxy has started flying the spell call from yesterday,” Deutscher states. He recommends a strategic approach of taking partial profits while maintaining the majority of the position to maximize returns. “Targeting higher range highs with potential for yearly high retests,” he explains. Spell (SPELL) is another memecoin that Deutscher praises, having increased by 41% since his entry and 67% in the last 12 days. He attributes its success to “unit bias and low market cap psychology,” emphasizing the psychological factors that drive retail investment in lower-priced tokens. “Spell is the lowest market cap meme on Coinbase, and unit bias is a real thing with retail,” he observes. Deutscher targets a multi-billion market caps for Spell, advocating for holding positions to fully capitalize on its growth potential. Related Reading: New Era For Crypto Regulation? SEC Chair Gensler Suggests He May Step Down Bonk (BONK) and Floki (FLOKI) are recognized by Deutscher for their consistent performance within the memecoin sector. “Bonk continues to be a strong performer,” Deutscher remarks, while FLOKI’s substantial gains of approximately 85% are noted as being driven by overall market momentum. “FLOKI benefits from the flywheel effect and overall market momentum,” he explains. Peanut the Squirrel (PEANUT) is highlighted for its explosive growth, having surged by an impressive 1,800% within the last nine days. Deutscher attributes its rapid rise to heightened retail investment and speculative trading. He underscores Peanut’s potential for continued growth, driven by its strong momentum and increasing market interest. “Peanut exemplifies the explosive potential within the memecoin arena,” he states. Goat (GOAT), the leading AI memecoin, has seen a fivefold increase over the past month and has crossed the $1 billion market cap with the latest surge. However, GOAT is far from done. “Goat is targeting multi-billions,” Deutscher asserts, indicating his confidence in its scalability and long-term viability. In addition to these primary memecoins, Deutscher also mentions SPX6900 (SPX) and Giga (GIGA) as newer additions to his portfolio, both showing positive returns. “SPX is considered a relative strength leader with potential for significant upside,” he elaborates, while Giga’s performance is tied to technical setups and anticipated exchange listings, making it a strong contender in the memecoin sector. “Giga remains a strong contender based on its technical setups and upcoming exchange listings,” Deutscher notes. Deutscher also touches on several other memecoins, including Popcat, MOG, Miggles, Flaky, Pups, Simon’s Cat, Toshi, Billy, and Paradise, each noted for their varying performances and niche market potentials. He observes, “animal coins have been super hot,” particularly cat-themed memecoins like Popcat and MOG, which he believes are ripe for rotation plays within their specific sub-sectors. In general, Deutscher emphasizes the current significance of exchange listings and weekend trading dynamics. “Weekend pumps have become a lot more probable across the board now that retail is back,” he explains, noting that retail investors are more active during weekends, driving substantial market movements. He also advocates for monitoring intra-rotations within memecoin sub-sectors, such as cat-themed coins, to capitalize on emerging trends and early investments. At press time, PEPE traded at $0.00002080. Featured image from iStock, chart from TradingView.com
Bonk has taken a downturn, sliding toward the crucial $0.00002635 price mark as bearish forces take charge. This level could be the bulls’ last stand to regain momentum and prevent a deeper correction. With market sentiment hanging in the balance, all eyes are on whether buyers can mount a comeback at this pivotal support. A successful defense could spark a bullish reversal, bringing fresh optimism to Bonk’s price trajectory. But if the bears hold strong, the path forward may grow more challenging. This analysis aims to examine the meme coin’s recent price movement as it approaches the $0.00002635 support level, assessing whether this key point could spark a potential trend rebound. By analyzing technical indicators, market sentiment, and historical price patterns, this article seeks to provide insights into whether upbeat pressure can reassert itself at this level or if further bearish pressure could drive the price lower. Analyzing Bonk’s Price Trends And Recent Downward Shift Recently, despite staying above the 100-day Simple Moving Average (SMA), Bonk has shifted into a bearish phase on the 4-hour chart. After facing resistance at $0.00004002, the price has pulled back toward $0.00002962. This retreat indicates increasing negative pressure, with sellers gaining control. If the price fails to hold at $0.00002962, more declines could follow, possibly testing lower support levels. Also, the 4-hour Relative Strength Index (RSI) has fallen from 80% to 63%, signaling a decline in bullish momentum. As the RSI approaches neutral territory, buying pressure has eased, and market confidence in the uptrend is diminishing. Specifically, this change suggests that BONK may be entering a correction phase, with the potential for further downward movement should the trend persist. Related Reading: Crypto Analyst Says Solana-Based BONK Is In Prime Position For Legendary Rally On the daily chart, after facing resistance at $0.00004002, BONK is exhibiting a growing pessimistic sentiment. A negative candlestick pattern and a decline toward $0.00002962 highlight increasing selling pressure as the meme coin struggles to maintain higher levels. This implies that market momentum is shifting, and BONK may face additional downside pressure if it fails to stabilize. Finally, on the 1-day chart, the RSI has dropped from 82% to 67%, signaling a possible shift in momentum suggesting fading buying pressure and a transition from an overbought condition to a more neutral or bearish phase. As the RSI moves further from overbought levels, it indicates weakening upward strength, with sellers possibly gaining control, which could lead to a price correction or consolidation. Navigating The Downturn: Can Bulls Push Back Bonk From Here? As the market faces a downturn and the price drops toward $0.00002962, the critical question is whether bulls can regain control and reverse the trend or if bearish pressure will continue pushing the price lower. If BONK reaches this support level and the Bulls can successfully defend it, a rebound could follow, potentially driving a resurgence toward $0.00004002 and beyond. Related Reading: BONK About To Enter 3rd Wave, Analyst Reveals Next Target However, failure to defend this support could signal more declines, which could target lower levels, such as $0.00002320 and beyond. Featured image from YouTube, chart from Tradingview.com
Solana’s rally to $222 puts SOL price within 20% of its all-time high.
As communities of the crypto space increase so does the amount of ludicrosity that comes with it, as meme coins are now starting to shine and seemingly trying to change the digital currency landscape. On the spotlight today is the meme coin BONK. If the meme coin breaks $0.000041 in October, it will have already made history because it set a new milestone and secured a tough spot for itself in the market — and setting the stage for what an analyst says is the “start of the dog season.” Related Reading: ETF Hopes Propel Litecoin 12% Higher, Bullish Predictions On The Cards BONK: Recent Price Movements Signal A Shift Recently, the price activity of BONK suggests a trend reversal. After hitting bottom at $0.000001567, the coin recently started gaining traction upward and grabbed the attention not only of the retail but also of the institutional market. Of interesting note here, the last increase in price was 8.59%. Until the date of this rise, it hasn’t changed much from this percentage. $BONK – This setup is now ready, cat season is over it’s time for the dogs. pic.twitter.com/Hbr9owNcoz — Astekz (@astekz) October 16, 2024 Over the past week, BONK has surged almost 20% and traded from $0.000001917 to nearly $0.000002395. Technical Indicators suggest it forms a rising wedge and may follow through with the double bottom pattern formed on June 24 at the level of $0.000001984. An upward-pointing MACD with a bullish crossover further complements its upward momentum. Key Resistance Levels And Analyst Predictions BONK has met strong resistance at the 38.2% Fibonacci retracement, which stands at $0.000002265, ignoring the recent rally. If it cannot break through this level, the coin will proceed into a consolidation rather than upwards. The next resistance that BONK needs to break through is the 50% Fibonacci retracement standing at $0.0000025. According to estimations from the analysts, at this level, the price will advance to a high of either $0.0000035, $0.0000048, or $0.0000070. Related Reading: 100% Uptick For Shiba Inu? Experts Eye Global Reversal As Catalyst Potential Setbacks And Market Volatility However, BONK does not have an easy ride ahead. On one hand, the coin recently faced a minor 1.07% intraday drop in price accompanied by signs of price rejection, this may speak to or lead to possible short-term volatility, which can further detriment the growth of the meme coin. Another retest of the broader falling channel pattern might thus lie ahead, which could precede yet another breakout attempt. With meme coins back on the map in the crypto sphere, everything about BONK in October will be followed closely as the market waits to see if the coin continues upward, hitting new heights, or runs into new low points in the weeks to come. Featured image from WIKIWIKI, chart from TradingView
Lately, top meme based cryptocurrencies like Shiba Inu (SHIB) and Pepe (PEPE) have been witnessing a spike in their prices. This bullish trend appears to have extended to Solana based meme coin Bonk (BONK), as its price movements has been showing signs of an impending bullish surge. With respect to this, a crypto analyst has suggested that Bonk is currently well-positioned for a significant upward movement. Analyst Predicts Legendary Target At $0.000033 Bluntz, a prominent crypto trader and analyst has revealed the next bullish target for Bonk. In an X (formerly Twitter) post on September 30, Bluntz revealed that Bonk is currently in a prime position for a”turbo green week.” Related Reading: Dogecoin At $10 Thesis: What Each Breakout Cycle Says About The DOGE Price He disclosed that the meme coin had experienced a quick and minor price dip during the week. However, the analyst sees this price decline as a positive sign, suggesting that it creates an opportunity for Bonk to enter a significantly bullish position, potentially triggering a legendary rally. Sharing a chart depicting Bonk’s price movements from the past month, Bluntz indicated in his price chart that the meme coin could experience an accelerated price increase to new highs. Presenting an illustration of his predictions of Bonk’s future price movements, the analyst disclosed that the meme coin would rise between the range of $0.000028 and $0.000027 before falling to the support level between $0.000026 and $0.000025. After this, Bonk is expected to skyrocket to $0.00003, before dropping back to $0.000028. For his final price surge in his projected turbo green week, Bluntz revealed that Bonk will reach a new price high of $0.000033. The analyst also revealed that for Bonk to experience a bullish price breakout, the meme coin will have to undergo three days of essential sideways trading. Presently the price of Bonk is trading at $0.00002, reflecting a slight increase of 3.86% in the past week. A jump to projected highs at $0.000033 would require the meme coin to rise by approximately 65% from its current price. BONK Set To Outperform PEPE While maintaining an optimistic outlook on Bonk’s price, Bluntz disclosed that the meme coin may be taking out the meme coin leadership from Pepe. This suggests that as Bonk is gaining more momentum, Pepe’s performance is slowing down after experiencing a significant price increase. Related Reading: Still Holding Your Hamster Kombat Tokens? You Might Be In For A Nice Surprise Soon The analyst has identified a “higher low” on the BONK/PEPE chart, which indicates that Bonk is positioning itself for a stronger price rally than Pepe. Typically, a higher low occurs when the price of a cryptocurrency pulls back but maintains its value above its previous low level, signaling a potential continuation of an uptrend. In the case of Bonk, Bluntz has revealed that it is currently among top meme coins like Dogwifhat (WIF), and Pepe which are presently showing signs of a strong bullish development. Despite this analysis, the cryptocurrency has declined by over 10% in the past 24 hours. Featured image created with Dall.E, chart from Tradingview.com
Bonk continues its bullish rally as ‘Uptober’ begins, sparking a bullish sentiment among investors after the recent fear of a major pullback. The memecoin sensation kickstarted its Q4 journey positively, reclaiming crucial levels, with investors and crypto analysts forecasting a green weekly close. Related Reading: SUI Sees 15% Weekly Surge Ahead Of Token Unlock, Can It Hit New ATH In October? BONK Closes Q3 With 13% Surge Bonk has seen a remarkable performance throughout the past two weeks, jumping 60% since September 15. The memecoin broke above the multi-month downtrend line after successfully reclaiming the $0.000022 resistance level last Friday, registering a 38% surge in the past week. Additionally, the dog-themed sensation closed the month 48% above its opening price, revisiting levels before August’s Black Monday. The token also saw a 13% increase from its Q3 opening, trading around $0.000025 as October started. This bullish price action propelled BONK’s price above $0.000026 momentarily before retracing back the $0.000024 support level, which some considered an extremely bullish signal for the token’s future price action. According to crypto trader Astekz, BONK’s monthly reclaim meant that “any consolidation” above the breakout level is “giga bullish.” Moreover, the token had a 13% increase in daily market activity in the past day, registering a daily trading volume of $795.3 million. Is A ‘Turbo Green Week’ In The Making? Crypto analyst Bluntz noted that, alongside all the strong memecoins, BONK had a “swift” recovery from the weekly dip following a “perfect abc pullback.” This performance put the memecoin “in prime position for a turbo green week,” which he further predicted after its Monday performance. To Bluntz, BONK is close to a breakout after spending three days of sideway moves. Additionally, the token reclaimed the 200-day Moving Average (DMA), which had been sitting above it for the past day. The trader considered that the token’s next parabolic run could be “sustained” and target the $0.000035 resistance level soon. Other market watchers echoed this sentiment, highlighting BONK’s strength throughout the recent dips. Another analyst noted that the memecoin has moved within a large symmetrical triangle since its March all-time high (ATH). The trader detailed that the token’s price is moving closer to the pattern’s resistance since forming a triple bottom at $0.000016. A breakout from the multi-month pattern could send the token’s price to a potential 70% rally toward the previous ATH of $0.000045. Additionally, some investors believe that the cryptocurrency could be positively affected by the market’s general performance this “Uptober.” Related Reading: WIF Bulls In Control As RSI Signals Strong Upside Potential Last October, the cryptocurrency started a massive rally that shredded two zeros from the token’s price, closing Q3 2023 at $0.00014, a 6,900% surge. However, the BONK registered a price decline in the last few hours following Bitcoin’s dip to $62,000. As of this writing, the memecoin is trading at $0.00023, a 2.9% drop in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
BONK is currently facing turbulent waters as a sharp decline casts a shadow over its recent price performance. After a period of impressive gains, the recent downturn is raising concerns about an impending correction, with mounting selling pressure suggesting that the bullish momentum may be waning. As the market sentiment shifts, the crypto community is left wondering how low BONK could go and whether it can regain its footing. With uncertainty in the air, this analysis aims to analyze the recent sharp decline of BONK and explore the implications for its future price action. By examining key technical indicators, market sentiment, and trading patterns, we aim to assess the likelihood of an impending correction. This piece will provide insights into potential support levels and resistance points, enabling traders and investors to make informed decisions in the face of uncertainty. Recent Performance: Analyzing The Decline Recently, BONK’s price has turned bearish on the 4-hour chart, retracing toward the 100-day Simple Moving Average (SMA) and moving above the $0.00001792 support level. The drop from the overbought zone may signal that traders are taking profits or that buying enthusiasm is diminishing resulting in the pullback. An analysis of the 4-hour Relative Strength Index (RSI) reveals that the signal line has decreased to 66%, retreating from the overbought territory. This decline suggests a shift in market momentum, indicating that buying pressure is beginning to wane. A retreat from the overbought zone often signals that the market may be experiencing a correction, as traders who bought during the bullish run might start to take profits. Related Reading: BONK About To Enter 3rd Wave, Analyst Reveals Next Target Furthermore, on the daily chart, BONK is exhibiting negative momentum, as evidenced by the formation of a bearish candlestick, even while trading above the 100-day SMA. This situation reveals a possible contradiction in market sentiment. Should selling pressure continue and BONK is unable to maintain its position above the 100-day SMA, it may lead to a more significant price correction. Finally, on the 1-day chart, the RSI has climbed above 50% and currently sitting at 73%, reflecting strong optimistic sentiment and buying pressure. Although this points to more price gains, the closeness to the overbought zone increases the chance of a reversal if buying slows down. Predictions For The Price Trajectory Of BONK With technical indicators suggesting an impending pullback, BONK may face a decline in price toward the $0.00001792 level. If this support is breached, it could open the door to further losses, potentially pushing the price down to $0.00000942 and other lower ranges. Related Reading: Bonk Inu (BONK) Skyrockets 10%, Dethroning WIF As Solana’s Largest Meme Coin However, if the bulls manage to mount a comeback and push the price above $0.00002320, the meme coin could continue its upward momentum toward the next resistance level at $0.00002962. A successful breach of this level may trigger additional gains, allowing the price to challenge other resistance levels above. Featured image from Shutterstock, chart from Tradingview.com
SOL's price is rallying today as traders focus on the recent VanEck report about Solana and loose monetary policies worldwide.
The biggest winners in the recent bullish surge are new memecoins that have emerged over the past few months.
The meme coin market is back in the spotlight, and BONK is no exception. The dog-themed token has seen a price surge of over 40% in the last month, mirroring a broader trend among its rival meme coins. Related Reading: MATIC Under The Lens: Why Is Polygon Busy But Not Making Money? This recent rally comes amidst positive sentiment surrounding the crypto market, fueled in part by the long-awaited approval of an Ethereum ETF. Analysts are cautiously optimistic about BONK’s future, with some predicting a potential return to its all-time high. Analyst Bullish On New ATH For BONK Renowned crypto analyst CryptoJack has been tracking BONK’s price movement closely. In a recent analysis, he highlighted that the coin is following a bullish pattern he outlined earlier. The price of $BONK is doing exactly what I said it would do in my analysis last week. It was rejected by the resistance and now needs to bounce from the orange area of support to stay bullish. If we can stay above this area, I am expecting new ATHs very soon for #BONK! pic.twitter.com/j3Abd7J5YA — CryptoJack (@cryptojack) May 30, 2024 However, CryptoJack emphasizes the importance of a crucial support level – visualized as an “orange zone” on charts. If BONK can maintain its position above this zone, the analyst predicts a potential breakout and a surge towards new all-time highs (ATHs). BONK’s all-time high of $0.00004547, reached in March 2024, currently sits about 25% above the current price. While this historical peak suggests room for growth, some experts remain cautious. Technical analysis, the method CryptoJack employs, relies on past price movements to predict future trends, but it’s not a foolproof science. Meme Coin Frenzy: Booms And Whimpers The meme coin market has a reputation for being driven more by hype and social media trends than by underlying fundamentals. This can lead to explosive price increases, but also to equally dramatic crashes. Remember “Dogefather” Elon Musk’s offhand tweets sending Dogecoin prices into a frenzy, only to see them plummet just as quickly? BONK is not immune to such influences. BONK Price Forecast Meanwhile, based on the current price prediction, Bonk is anticipated to rise by an impressive 226%, reaching $0.000112 by July 1, 2024. This substantial increase suggests a highly bullish long-term outlook despite the current bearish sentiment indicated by technical indicators. Related Reading: Ethereum Bloodbath: Over $55 Million In Longs Liquidated As Price Plummets The Fear & Greed Index, currently at 72, points towards a high level of greed in the market. This index measures market sentiment and a reading of 72 indicates that investors are exhibiting strong buying behavior, possibly driven by the expectation of future gains. However, such high levels of greed can often lead to overbought conditions, where the asset’s price may be inflated beyond its intrinsic value, raising the risk of a sharp correction. Featured image from Pngtree, chart from TradingView
Open Interest refers to the total amount of pending derivative contracts that have not yet been settled. In a futures contract, for every seller, a buyer is required to settle the contract.
Bitcoin's range-bound price action could lead traders to focus on NEAR, AR, CORE and BONK.
Two Solana-based memecoins, Bonk (BONK) and Dogwifhat (WIF), have registered substantial gains over the past 24 hours. BONK recorded a 35% increase, while WIF climbed by 19%, positioning them among the top three gainers in the top 100 cryptocurrencies by market cap today. Only Hedera Hashgraph (HBAR) surpassed them, with a notable 44% rise during the same period. Resolution Of Solana’s Congestion Issues Spurs Memecoins The significant uptick in these Solana memecoins is closely linked to the recent improvements in the Solana network’s performance. A tweet from SolanaFloor earlier today indicated, “BREAKING: Solana’s congestion issues have been completely resolved, with block production back to normal. Transactions confirming in under 2 seconds.” This announcement marks a pivotal moment for the network which had been plagued by congestion issues. Source A: https://t.co/2TVnbaPNlHSource B: https://t.co/GfHxy8dC1B — SolanaFloor | Powered by Step Finance (@SolanaFloor) April 24, 2024 On April 15, Solana developers rolled out crucial updates designed to alleviate these problems, urging validators to adopt version v1.17.31. This version introduces changes in the treatment of validators based on their stakes. Further enhancements are anticipated with the release of version v1.18 next month, which will include a new scheduler, albeit disabled by default. Related Reading: Solana Meme Coin Massacre: 12 Projects Gone In 30 Days, $27 Million Vanished Andrew Kang, founder of Mechanism Capital, remarked a few days before the fix, “Let’s also not forget that the Solana congestion issues have weighed down SOL and Solana-based memecoins significantly. It’s not a question of if but when the network is significantly improved. That’s your springboard.” Kang’s comments now seem prophetic as the resolution of network issues has indeed acted as a springboard for memecoin valuations. Specifics On Rally Of Dogwifhat (WIF) And BONK The price of WIF soared to a 24-hour high of $3.43 on April 24, buoyed by an impressive 96% increase in trading volume. This influx was fueled by notable acquisitions from whales like Ansem, who capitalized on the positive market sentiments. Related Reading: Solana Price Jumps 7% On Bitcoin And Ethereum ETF Approvals, Network Congestion Update The breakout above the resistance level at $3.18, after a week of sideways trading between $1.97 and $3.18, was a significant trigger. WIF formed a two-week-long ascending triangle, a bullish chart pattern that indicated a continuation of the previous upward trend. The breakout was widely discussed in the crypto community, with trader Bluntz Capital confirming the pattern’s resolution and sparking further bullish sentiment. 2 week long ascending triangle forming here on $WIF, i think the breakout is imminent pic.twitter.com/S0OZWBsq6u — Bluntz (@Bluntz_Capital) April 24, 2024 BONK is registering a dramatic 35% rise, with a remarkable 304% increase in trading volume. The price action successfully breached the 0.236 Fibonacci retracement level at $0.000020727, and continued its upward trajectory to the 0.5 Fibonacci level, signaling strong buying interest and bullish momentum. This rally probably gained additional support from the recent listing of BONK by the global neobank Revolut, which was announced on April 22. This inclusion in Revolut’s trading platform, which features over 150 digital currencies, provided significant exposure and legitimacy, further enhancing investor interest and market activity around BONK. Featured image from Shutterstock, chart from TradingView.com
These meme coins and tokens are still flying, unshaken by the latest inflation data.
Can SOL sustain the momentum after breaking above a 23-month high? Decentralized application volumes surged, but there’s a catch.
The proposed “Learn and Earn Campaign” on Revolut is aimed at expanding Bonk’s user base by half a million users but still needs approval.
Solana's biggest meme coin BONK will list on Revolut, which plans to run a $1.2 million "learn" campaign for users.
Guess which meme coin just got an unexpected boost from LA Lakers' LeBron James.
SOL corrected alongside the wider crypto market sell-off, but data points to more concerning reasons for the price drop.
Solana’s native token SOL dropped under $100 due to reduced demand for the network’s DApps and negative SPL token performances.
The meme token is now well below the all-time high it touched two weeks ago.
Solana ecosystem tokens have surged several multiples in the past month. Traders could now be taking profits to rotate funds into newer plays.
SOL price roared to a 2023 high above $84. Cointelegraph investigates what is behind the rally.
Prices reversed nearly all losses from last week following the announcement. BONK traded at $0.000014 on Thursday morning, with a trading volume of over $235 million.
A week after BONK set a new all-time high and flipped the Elon Musk-themed coin FLOKI, it's looking sluggish after yesterday's Coinbase announcement.