Memecoins Rally: PEPE, BONK Lead the Charge, DOGE Lags

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Memecoins Rally PEPE, BONK Lead the Charge, DOGE Lags
  • Pepe Coin shows bullish momentum, eyeing a potential rally past $0.0009200 resistance.
  • Bonk’s price rebound indicates strong buying interest, with key resistance at $0.000002020.
  • Dogecoin remains poised for gains, supported at $0.1089 and facing $0.114 resistance.

Memecoins Pepe Coin (PEPE), Bonk (BONK), Dogwifhat (WIF), Popcat (SOL), and Catwifhat (CWIF) have seen big price moves recently that have brought a growing interest to traders and investors. Each of the coins has its unique characteristics for the current price surge, leaving many to wonder if Dogecoin (DOGE) will follow suit.

Analyzing Pepe Coin’s Price Dynamics

As at press time, priced at $0.0009062, Pepe Coin has risen by 7.39% in the last 24 hours. The recent price action indicates a bullish reversal from a previous downtrend, attributed to increased buying interest. 

The critical support level at $0.0008437 marks a point where buyers have previously stepped in, while the psychological support around $0.0008000 provides stability.

Source: Coinmarketcap

The coin faces resistance between $0.0009100 and $0.0009200. If PEPE breaks through this zone, it may rally towards $0.0009500 to $0.001000.

Read also: PEPE Trading Volume Surpasses DOGE, SHIB: Market Analysis

Bonk’s Recovery and Market Sentiment

Bonk Coin also looks promising, currently trading at $0.000001979, with a 5.14% increase over the past day. The price has bounced back from a recent dip, showing renewed buying pressure.

The primary support level is at $0.000001879, which has previously led to upward movement. Should Bonk retrace, the $0.000001850 level may serve as a secondary support point. 

Source: Coinmarketcap

The coin is approaching the $0.000002000 to $0.000002020 resistance range. If it passes this level, $0.000002100 could be the next target.

Dogwifhat (WIF) is currently trading at $2.22, experiencing significant volatility. The support level at $1.99 remains critical for maintaining upward momentum, while resistance at $2.22 could present challenges ahead. 

Source: Coinmarketcap

A sustained break above this resistance could signal continued bullish trends.

Popcat (SOL) (POPCAT) has recently climbed from $0.98 to $1.03, marking a recovery phase. The $0.98 level is essential for support, while the immediate resistance stands at $1.03.

Source: Coinmarketcap

If sufficient buying pressure materializes, Popcat may continue its upward trajectory.

Read also: Here’s Why Meme Coins WIF, FLOKI, BRETT, BONK, PEPE Are Pumping Hard Today

Catwifhat (CWIF) is trading at $0.065704. The chart shows increased trading volume, suggesting growing interest, despite a slight decline in market cap. The support level around $0.05704 is critical, while the resistance level at $0.062 may be difficult to break.

Dogecoin’s Outlook Amid Memecoin Momentum

Dogecoin is currently priced at $0.1138, having gained 4.55% in the past day. Key support sits at $0.1089, where buyer interest has been strong.

Source: Coinmarketcap

The $0.114 resistance level is important for a potential breakout. Should DOGE sustain above $0.110, it may continue its upward trend, possibly breaking through the $0.114 barrier for further gains.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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