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
Dogecoin extended losses and traded below $0.1120 against the US Dollar. DOGE is now stable above $0.100 and attempting a rebound. DOGE price started another decline below the $0.1150 and $0.1120 levels. The price is trading below the $0.1120 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.1175 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.1120 and $0.1175 resistance levels. Dogecoin Price Trims Gains Dogecoin price failed to continue to higher above the $0.1320 resistance zone. DOGE formed a high at $0.1320 and started a downward move like Bitcoin and Ethereum. There was a move below the $0.1200 and $0.1150 levels. The price even dipped below the $0.1120 support. A low was formed at $0.1025 and the price is now consolidating losses. There was a minor increase above the $0.1060 level. Dogecoin price is now trading below the $0.1150 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1095 level. It is close to the 23.6% Fib retracement level of the downward move from the $0.1320 swing high to the $0.1025 low. The next major resistance is near the $0.1120 level. A close above the $0.1120 resistance might send the price toward the $0.1175 resistance. There is also a major bearish trend line forming with resistance at $0.1175 on the hourly chart of the DOGE/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $0.1320 swing high to the $0.1025 low. Any more gains might send the price toward the $0.1200 level. The next major stop for the bulls might be $0.1320. More Losses In DOGE? If DOGE’s price fails to climb above the $0.1095 level, it could start another decline. Initial support on the downside is near the $0.1060 level. The next major support is near the $0.1050 level. The main support sits at $0.100. If there is a downside break below the $0.100 support, the price could decline further. In the stated case, the price might decline toward the $0.0950 level or even $0.0880 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1060 and $0.1000. Major Resistance Levels – $0.1095 and $0.1120.
Following the success of multiple tokens launched on the blockchain in 2023, Solana meme coins have become a major staple of the crypto investing community. With the likes of Dogwifhat, BONK, and POPCAT recording major gains for investors, it has led to the hunt for other tokens that could replicate the same success. So, here […]
Dogecoin started a fresh increase from the $0.0985 support against the US Dollar. DOGE could gain pace if it clears the $0.1085 resistance. DOGE price is eyeing an upside break above $0.1085. The price is trading above the $0.100 level and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $0.1030 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could rally if it clears the $0.1060 and $0.1085 resistance levels. Dogecoin Price Rises Again After a steady decline, Dogecoin price found support near the $0.0985 level. A base was formed, and DOGE started a decent upward move like Bitcoin and Ethereum. There was a move above the $0.1020 and $0.1040 resistance levels. Besides, there was a break above a key bearish trend line with resistance at $0.1030 on the hourly chart of the DOGE/USD pair. The pair surpassed the 50% Fib retracement level of the downward move from the $0.1084 swing high to the $0.0985 low. Dogecoin price is now trading above the $0.1040 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1050 level. It is close to the 61.8% Fib retracement level of the downward move from the $0.1084 swing high to the $0.0985 low. The next major resistance is near the $0.1060 level. A close above the $0.1060 resistance might send the price toward the $0.1085 resistance. Any more gains might send the price toward the $0.1150 level. The next major stop for the bulls might be $0.1200. Another Rejection In DOGE? If DOGE’s price fails to climb above the $0.1060 level, it could start another decline. Initial support on the downside is near the $0.1030 level and the same trend line. The next major support is near the $0.1020 level. The main support sits at $0.0985. If there is a downside break below the $0.0985 support, the price could decline further. In the stated case, the price might decline toward the $0.0920 level or even $0.0885 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1030 and $0.1000. Major Resistance Levels – $0.1060 and $0.1085.
Dogecoin started a fresh decline from the $0.1085 resistance against the US Dollar. DOGE is struggling and might soon test the $0.0980 support. DOGE price is gaining bearish momentum below $0.1035. The price is trading below the $0.1020 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1050 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses and revisit the key support at $0.0980. Dogecoin Price Extends Losses After a steady increase, Dogecoin price faced sellers near the $0.1085 level. The price formed a short-term top and started another decline below the $0.1050 level like Bitcoin and Ethereum. There was a move below the $0.1035 support zone. The price dipped below the 50% Fib retracement level of the upward move from the $0.0978 swing low to the $0.1084 high. There is also a key bearish trend line forming with resistance at $0.1050 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.1035 level and the 100-hourly simple moving average. It is also testing the 76.4% Fib retracement level of the upward move from the $0.0978 swing low to the $0.1084 high. Immediate resistance on the upside is near the $0.1032 level. The next major resistance is near the $0.1045 level. A close above the $0.1045 resistance might send the price toward the $0.1050 resistance. Any more gains might send the price toward the $0.1085 level. The next major stop for the bulls might be $0.1120. More Downsides In DOGE? If DOGE’s price fails to climb above the $0.1035 level, it could start another decline. Initial support on the downside is near the $0.1000 level. The next major support is near the $0.0980 level. The main support sits at $0.0918. If there is a downside break below the $0.0918 support, the price could decline further. In the stated case, the price might decline toward the $0.0880 level or even $0.0850 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.0980 and $0.0918. Major Resistance Levels – $0.1035 and $0.1050.
Dogecoin extended losses and traded below $0.100 against the US Dollar. DOGE is struggling and might face challenges near $0.100 and $0.1050. DOGE price started a fresh decline and traded below $0.0980. The price is trading below the $0.0980 level and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $0.0975 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a recovery wave if it clears the $0.100 and $0.1050 levels. Dogecoin Price Faces Challenges In the past few sessions, Dogecoin price saw a fresh decline below the $0.100 level like Bitcoin and Ethereum. The price traded below the $0.0980 level to move further in a bearish zone. There was a spike below the $0.0920 level. A low was formed at $0.0917 and the price is now attempting a recovery wave. There was a minor increase above the $0.0950 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.1005 swing high to the $0.0917 low. Dogecoin price is now trading below the $0.100 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.0962 level or the 50% Fib retracement level of the downward move from the $0.1005 swing high to the $0.0917 low. The next major resistance is near the $0.0985 level. A close above the $0.0985 resistance might send the price toward the $0.100 resistance. Any more gains might send the price toward the $0.1050 level. The next major stop for the bulls might be $0.1120. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.0985 level, it could start another decline. Initial support on the downside is near the $0.0940 level. The next major support is near the $0.0920 level. The main support sits at $0.090. If there is a downside break below the $0.0900 support, the price could decline further. In the stated case, the price might decline toward the $0.0862 level or even $0.0850 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.0940 and $0.0920. Major Resistance Levels – $0.0985 and $0.1000.
Crypto analyst Javon Marks has just highlighted FLOKI as a digital asset that could register an impressive growth. In a post on X, Marks noted that if FLOKI confirms a so-called Hidden Bull Divergence, gains of over 96% can be expected. Related Reading: Bitcoin Floor: CEO Predicts $38,000 Will Be The Lowest BTC Goes This technical pattern implies an upsurge once the FLOKI breaks above $0.000276 resistance. If level breaks up, Marks thinks FLOKI may rise to $0.000546, and with “more room to climb.” That is an overall optimistic view, which aligns with a more comprehensive view given by crypto price prediction platform CoinCodex, projecting its value to increase by 227% by September 22, 2024. Recent Performance And Market Dynamics Despite the recent slump, FLOKI is doing a good job of catching investors’ attention. The token rose 15% in just a week, which could be quite a rally. On the back of this uptick are positive technical indicators, new strategic partnerships, and an anticipated airdrop announcement. Coming off of a recently confirmed Hidden Bull Divergence, sights for $FLOKI (Floki Inu), in response to this divergence is still on an over 96% climb back above the $0.0002761498 target which may only open up even more room for climbing! With a break above this target,… https://t.co/w3iDJDPeZU pic.twitter.com/SSr3iaLB5F — JAVON⚡️MARKS (@JavonTM1) August 22, 2024 These are very positive factors, all brewing a lot of interest around this token, making it one of the more talked-about meme coins of late. FLOKI also experienced turbulence. The crypto market collapse in early August drove the token down 65% from $0.00034 on June 5 to $0.000096. However, its 15% comeback from that level has spurred anticipation of a revival. Airdrop Backed By Binance Boosts Confidence One major development is that Binance will support FLOKI’s upcoming airdrop of the Simon’s Cat token, CAT. Starting August 29, 2024, Binance will snapshot balances for this airdrop eligibility, where approximately 315 billion CAT tokens are given to every wallet with at least 400,000 FLOKI tokens. This airdrop is seen to be strategic in keeping up rewards for the FLOKI community, which faced a bot-ruined presale attempt. This upcoming announcement has fairly been received well. It not only instills confidence in FLOKI but also helps in the process of building trust in the community. The call to avoid the presale and instead go for the free airdrop at least to some level signals adherence to fair play and transparency, which might improve the long-term prospects of FLOKI. Floki: Price Forecast And Investment Outlook Looking further ahead, the price forecast of FLOKI seems quite promising. As per CoinCodex, the price may rise by approximately 227% by September 22, 2024, implying that it can go as high as $0.000489. The current feeling from technical indicators is Neutral, with neither buyers nor sellers in the upper hand driven by this bullish outlook. The fear and greed index reading of 34, which falls under the fear category, suggested that market sentiment remains at bay, probably due to the prevailing volatility. Related Reading: Stacks: New Developments Push STX Price 18% Higher – Details Over the past month, on average, FLOKI has been green 30%, which does not bode well for buyer interest. There have been truly a lot of price swings, given the token’s 17% volatility rate. For investors, this is quite a potential buying opportunity; however, it is not risk-free. It is very important to keep an eye on market conditions and overall sentiment before investment decisions can be made. Featured image from Medium, chart from TradingView
As the cryptocurrency market turns optimistic, a crypto analyst has predicted that Shiba Inu (SHIB) is about to undergo a bullish breakout. However, he emphasizes that in order to validate the meme coin’s upward trajectory, it must first overcome a significant resistance level. Shiba Inu Poised For Gains In Upcoming Weeks Ronimus Prime, a trader […]
The Solana meme coin ecosystem has been one of the major talking points in this bull run, as crypto investors continue to bet on tokens that launch from the meme coin generator Pump.fun. However, Solana traders might be having a rethink as data from the on-chain analytics platform Dune shows a dwindling interest in these […]
Dogecoin started a fresh increase above the $0.1050 resistance against the US Dollar. DOGE is correcting gains and might find bids near the $0.1032 level. DOGE price is facing hurdles near the $0.1100 pivot zone. The price is trading near the $0.1040 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support near $0.1032 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase above the $0.1065 resistance zone. Dogecoin Price Holds Key Support In the past few sessions, Dogecoin price saw a decent increase above $0.100 like Bitcoin and Ethereum. The price was able to clear the $0.1032 and $0.1050 resistance levels. The bulls even pushed it above $0.1080 and the 100-hourly simple moving average. A high was formed at $0.1090 and the price is now correcting gains. The price declined below the $0.1060 level. There was a drop below the 50% Fib retracement level of the upward move from the $0.1000 swing low to the $0.1090 high. Dogecoin is now trading near the $0.1040 level and the 100-hourly simple moving average. Besides, there is a key bullish trend line forming with support near $0.1032 on the hourly chart of the DOGE/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.1000 swing low to the $0.1090 high. Immediate resistance on the upside is near the $0.1065 level. The next major resistance is near the $0.1080 level. A close above the $0.1080 resistance might send the price toward the $0.1100 resistance. Any more gains might send the price toward the $0.1120 level. The next major stop for the bulls might be $0.1150. More Downsides In DOGE? If DOGE’s price fails to recover above the $0.1065 level, it could continue to move down. Initial support on the downside is near the $0.1032 level. The next major support is near the $0.1020 level. The main support sits at $0.1000. If there is a downside break below the $0.1000 support, the price could decline further. In the stated case, the price might decline toward the $0.0900 level or even $0.0880 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1032 and $0.1000. Major Resistance Levels – $0.1065 and $0.1100.
Dogecoin started a steady increase from the $0.1280 zone against the US Dollar. DOGE could gain pace if it clears the $0.1360 resistance zone. DOGE price is eyeing more gains above the $0.1350 resistance zone. The price is trading above the $0.1320 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1362 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it clears the $0.1360 resistance zone. Dogecoin Price Eyes Upside Break, Can It Follow Bitcoin’s Rise? After a short-term pullback, Dogecoin price found support near the $0.1280 zone. A low was formed at $0.1282 and DOGE price is now rising. There was a move above the $0.130 resistance zone. The price surpassed the 50% Fib retracement level of the downward move from the $0.1386 swing high to the $0.1282 low. However, DOGE is well behind Bitcoin since the latter was able to clear the $68,800 resistance zone. Dogecoin is now trading above the $0.1320 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1345 level. The next major resistance is near the $0.1360 level. There is also a key bearish trend line forming with resistance at $0.1362 on the hourly chart of the DOGE/USD pair. The trend line is close to the 76.4% Fib retracement level of the downward move from the $0.1386 swing high to the $0.1282 low. A close above the $0.1360 resistance might send the price toward the $0.1420 resistance. Any more gains might send the price toward the $0.150 level. The next major stop for the bulls might be $0.1650. Are Dips Limited In DOGE? If DOGE’s price fails to gain pace above the $0.1360 level, it could start a downside correction. Initial support on the downside is near the $0.1320 level. The next major support is near the $0.1300 level. The main support sits at $0.1280. If there is a downside break below the $0.1280 support, the price could decline further. In the stated case, the price might decline toward the $0.1145 level. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1320 and $0.1280. Major Resistance Levels – $0.1360 and $0.1420.
The $53 billion meme coin sector rose by more than 12% on Tuesday with the likes of pepe (PEPE) and dogwifhat (WIF) surging by 22% and 25% respectively, data from CoinGecko shows.
Dogwifhat (WIF) is experiencing increased bearish pressure after facing a significant rejection at the $2.13 resistance level. This rejection marks a pivotal moment, pushing the price downward and signaling potential continued losses for the cryptocurrency. Market analysts and investors are closely watching this development, as the inability to break through the $2.13 barrier underscores prevailing selling pressure. As WIF navigates this challenging phase, the focus shifts to identifying the next support levels and understanding the broader market implications of this downward trend. The main objective of this study is to determine whether WIF’s current price action will stabilize at significant resistance levels or continue to decline. Presently, the market capitalization of WIF is over $2 billion, with a trading volume of over $556 million. The cryptocurrency price is currently down by 3.45%, trading at roughly $2.04, while its market cap and trading volume are currently up by 0.44% and 30.66% respectively. Market Analysis: The Impact Of $2.2 Rejection On the 4-hour chart, the price of WIF started a bearish move below the 100-day Simple Moving Average (SMA) after the rejection at $2,2. It can be seen that after the rejection, the price started building momentum before dropping. The 4-hour chart Relative Strength Index (RSI) signals a bearish move for WIF as the signal line of the indicator has started dropping towards the 50% level. Also, WIF’s price on the 1-day chart is currently bearish trading below the 100-SMA. This bearish move, as observed from the chart, started immediately after the price experienced a rejection at $2.2, which is now a resistance level. Furthermore, the 1-day RSI for the price of WIF signals extended bearishness. Since the signal line in this case is still active below 50%, the crypto asset’s price may decline even further. It should be noted that with the formation of WIF’s price actions and that of the RSI indicator, the price of WIF may continue declining toward the $1.47 support level. Where Will WIF Find Stability? As the price of WIF prepares for further decline, there are key support levels it may want to stabilize. If the coin finds stability at the $1.47 support level, it will start to move upward again toward the $2.25 resistance level. A break above this level may trigger WIF to move higher to test the $3.58 resistance level and might move on to test other higher levels. However, if WIF fails to find stability at $1.47 support and breaks below, it will continue to decline towards the $0.71 support level. The crypto asset may pose a further decline toward the $0.26 support if the above-mentioned level is breached. Featured image from YouTube, chart from Tradingview.com
With the Bitcoin price drop from the $70,000 level to below $64,000, meme coins have understandably suffered as a direct result of this. During this time, meme coins, both large and small, have seen their prices drop significantly, raising concerns about whether the meme coin summer is over. However, going by previous crashes, there may […]
Two prominent crypto market experts have shed light on the future of meme coins in this market cycle, predicting the potential launch of a Dogecoin Exchange-Traded Fund (ETF) soon. Crypto Heavyweights Affirm Dogecoin ETF Is Coming Co-founder of BitMEX, Arthur Hayes and Chief Executive Officer (CEO) and co-founder of Real Vision, Raoul Pal have appeared […]
Meme coins have received a high-risk score from Coin Metrics reports, underscoring the increased volatility and market manipulation within this market. The analysis conducted by Coin Metrics aims to spread awareness of the speculative nature of these digital assets, urging caution for investors considering jumping on the meme coin bandwagon. Report Flags Meme Coins As […]
As the meme coin mania persists, popular cryptocurrency expert and enthusiast Javon Marks, in a bullish outlook for Dogecoin (DOGE), has predicted the crypto asset to undergo a 4x surge, projecting it to reach a new all-time high and potentially climbing higher. Impending 4x Spike For Dogecoin To New All-Time High This optimistic forecast, which […]
The raunchy rapper's token has spawned fortunes and furor over celebrity cryptocurrencies.
After a retracement from its previous, Notcoin (NOT) has been exhibiting strong bullish momentum that has drawn the interest of both traders and investors. This ongoing upward trend indicates a robust level of market confidence and increasing optimism over its prospects. Market analysts are keeping a careful eye on important indicators and trends as the cryptocurrency rises in order to predict how long this bullish period may remain and what possible heights it may reach. Using a few technical indicators, we will examine Notcoin’s price possibilities in this article focusing on the 1-hour and the 4-hour timeframe. Notcoin’s price was up by 20% as of the time of writing, trading at approximately $0.025, with a market capitalization of over $2.3 billion and a 24-hour trading volume of over $4.4 billion. In the past day, there has been a 16.33% increase in market capitalization and a 106.31% increase in trading volume. Indicators And A Technical Perspective On Notcoin Price Notcoin is currently trading above the 100-day Simple Moving Average (SMA) and remains actively positive in the 1-hour time frame. This suggests that the price is still bullish and that there is still room for price growth. The 1-hour Moving Average Convergence Divergence (MACD) also signals that Notcoin might move bullishly as the MACD histograms are trending above the MACD zero line. In addition, the MACD line and the MACD signal line have crossed each other and are currently trending above the zero line with a good spread between them, suggesting that the price of Notcoin might still move upward. In the 4-hour time frame, it can be observed that NOT, after making a pullback, is attempting another upward bullish rally as it has dropped a bullish candlestick in the last 4 hours. Additionally, the 4-hour MACD displays a bullish signal as the MACD line and the MACD signal line are still highly active above the zero line, and the MACD histograms attempt to rise higher above the zero line. This development suggests that Notcoin is poised for more growth. Future Prospects For The Meme Coin It is worth noting that Notcoin has managed to create a high of $0.029405 and lows of $0.018863, and $0.011381, which are significant milestones in evaluating its price next destination based on its past price action. If Notcoin continues to move upward to the resistance level of $0.029405 and breaks above it, it therefore means that it will move higher to create a new high. However, Notcoin’s price will start to descend in the direction of the $0.018863 support level if it is unable to break above this resistance level. The price may move much farther to test the $0.011381 level and possibly other levels on the chart if it breaks below this support level. Featured image from Binance, chart from Tradingview.com
Roaring Kitty's post spurred a surge in GameStop-themed crypto, with GME coin's valuation skyrocketing 300%.
The post Solana-based memecoin $GME surges by 300% on Roaring Kitty’s return appeared first on Crypto Briefing.
Crypto analyst Crypto Jack has suggested that Solana-based meme coin Dogwifhat (WIF) could soon witness a catastrophic crash. He noted what needs to happen for the meme coin to avoid this significant price decline. How Dogwifhat’s Price Could Crash Significantly Crypto Jack mentioned in an X (formerly Twitter) post that Dogwifhat’s price needs to stay above $3.5 as failure to hold above that level could be “catastrophic” for the meme coin. He also advised crypto traders to exercise caution while trading the meme coin so they do not get caught unaware and shaken out from their positions. Interestingly, data from CoinMarketCap shows that Dogwifhat has experienced a price drop below $3.5 from its weekly high of $4. Crypto Jack’s analysis suggests that the meme coin’s catastrophic crash may have already begun, as it could well hit new lows on its way down. It is worth mentioning that Dogwifhat is still up over 24% in the last seven days, which suggests that this recent price decline might just be a brief correction as part of an upward trend that the meme coin is currently enjoying. However, thanks to this recent price decline, over $1.2 million in long positions have been liquidated in the last 24 hours, according to data from Coinglass. Not Yet Time To Be Bearish On Dogwifhat Crypto analyst CrediBULL Crypto had previously revealed his bearish expectations for Dogwifhat, claiming that the crypto token could drop to as low as $1.6. He added that he would look to short the meme coin at $3.90, as he expected it to enjoy one last push to the upside before it declined significantly. However, despite Dogwifhat already attaining this height as predicted, CrediBULL Crypto suggested in a recent X post that it wasn’t yet the right time to be bearish on Dogwifhat. He claimed that the “Hat stays on a bit longer” because he believes Solana is approaching a bounce zone, which could cause it to climb to new local highs. If that is the case, he expects WIF to continue its upward trend, making it shorting it now a wrong move. Crypto analyst and trader Ponzi Trader also suggested that Dogwifhat still has enough bullish momentum to make another run following its recent price decline. He revealed that he is betting on WIF, bouncing from its current price range. Regarding how high Dogwifhat could rally on its next leg up, crypto analyst Alex Clay predicts the bullish sentiment towards the meme coin could send its price to $6.7. Crypto analyst and trader Unipcs (Bonk Guy) is bullish on Dogwifhat and predicts that the meme coin will reach $10 while claiming it will never drop to $1 again. Featured image created with Dall.E, chart from Tradingview.com
America’s largest cryptocurrency exchange, Coinbase will list another round of cryptocurrencies for its perpetual futures contract, opting for meme coins this time around and featuring prominent tokens like Shiba Inu (SHIB), Bonk (BONK) and Floki (FLOKI). Coinbase Perpetuals To List New Meme Coins On May 24, Coinbase International Exchange announced that it will start offering […]
Pepe (PEPE) has recently grabbed the headlines, having hit a new all-time high (ATH) this week. The meme coin has also drawn the attention of crypto whales who have accumulated the crypto token lately. Whales accumulating the meme coin will suggest that now might be a good time to buy PEPE, but that might not be the case. Crypto Whales Buy 720 Billion PEPE Tokens On-chain analytics platform Lookonchain recently drew the crypto community’s attention to a whale who purchased 520 billion PEPE from the crypto exchange Binance. This move might, however, have been motivated by the fear of missing out (FOMO), as Lookonchain noted that this trader hasn’t always made the smartest investment moves, having lost $6.1 million so far. Related Reading: Bitcoin Long-Term Holders Buy The Blood, Snatch Up 70,000 BTC Meanwhile, on-chain data shows another whale who bought over 200 billion PEPE tokens through the trading firm Cumberland. Irrespective of their intention, crypto whales accumulating a crypto token usually paints a bullish outlook for the coin in question. Based on this, crypto investors will usually assume that this is an excellent time to buy the meme coin in expectation of further price surges. However, this might not be a good time to buy, as data from IntoTheBlock suggests that a price dump may be imminent for PEPE before it makes another move to the upside. The market intelligence platform revealed that 100% of PEPE holders were in profit thanks to the meme coin hitting a new ATH. Given such development, many of these holders are expected to book profits from their PEPE investment, leading to a wave of sell-offs that could negatively impact the meme coin’s price. Therefore, those looking to invest in PEPE right now may be better off waiting for PEPE to bottom out from this selling pressure before purchasing the meme coin. Still Has Enough Bullish Momentum To Go Crypto analyst and trader Rachid Crypto recently highlighted several factors that suggest that PEPE has yet to reach its peak. The analyst noted that the “mega meme cycle” and altcoin season are yet to begin. These are events that could still spark a further rally in the meme coin’s price. Related Reading: How High Can The XRP Price Go? Crypto Analyst Unveils 6-Month Prediction Furthermore, PEPE is yet to be listed on major crypto trading platforms like Coinbase and Robinhood. That means there is still a lot of liquidity that could flow into the meme coin’s ecosystem. PEPE’s price will likely enjoy an upward trend whenever these trading platforms decide to list the meme coin. Meanwhile, Rachid Crypto also stated that Ethereum will surpass its ATH, meaning that PEPE’s price will benefit from ETH’s run when this happens. PEPE’s price is known to have some correlation with Ethereum’s and will most likely enjoy a significant rally as Ethereum’s price picks up. At the time of writing, PEPE is trading at around $0.00001056, down over 5% in the last 24 hours, according to data from CoinMarketCap. Chart from Tradingview.com
Asset manager VanEck has made an entry into the meme coin space with the launch of an index that will track the performance of the foremost meme coins. This is undoubtedly a signifcant development considering the wider adoption these tokens could enjoy as a result of this. What VanEck’s Meme Coin Index Is About VanEck’s […]
Discover which countries lead the global interest in small cap crypto, with the US, UK, and Philippines at the forefront of onchain DEX activity.
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Despite the current market downtrend, crypto traders are still finding ways to make life-changing gains. This is the case of some Solana meme coin traders who recently turned $6,400 into $8 million in 24 hours. How These Solana Meme Coin Traders Turned $6,400 Into $8 Million On-chain analytics platform Lookonchain revealed in an X (formerly […]
WIF meme coin's price soared past $41 on Bybit, becoming the sixth largest crypto by market cap, despite a broader downturn in meme coins.
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The crypto exchange's off-shore arm will open perpetuals market for the popular meme coin on April 18.