With the massive upswing in the crypto market, as Bitcoin hits $72,500 this Sunday, the altcoins are racing at higher speeds. Amidst the top performers, the meme coins are standing tall with the anticipation of a bigger jump soon.
With the pre-halving craze picking up pace, meme coins like Dogwifhat and Bonk could be the star players in the upcoming altcoin season. The said coins present a massive jump this Sunday and promise a bull run.
Will the meme coins continue to soar high as the top cryptocurrencies of the past are making a comeback? Will the meme coin rally manage to sustain the rising demand? Let’s have a closer look at the WIF and BONK price charts to answer these questions.
Golden Cross With Trendline Breakout For This Meme Coin
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The WIF price action shows multiple elements supporting the bullish trend continuation with increased momentum. The meme coin shows a bullish reversal from the psychological mark of $3 to surpass the overhead resistance trendline.
The uptrend accounts for a massive jump of 27% over the weekend and breaks above the $4 mark. However, the incoming supply at $4.25 leads to a retest of the bullish breakout at the 50% Fibonacci level.
Currently, the WIF price trades at $4.08, with an intraday drop of 2.83% for the retest. However, the WIF price increased by 11.79% last night, leading to the reversal. Considering the post-retest reversal is successful, the uptrend in meme coin could hit the $5 mark.
Also Read : Top Reasons Why Ethereum Might Melt Faces Soon, Here Are the Potential Targets for ETH Price Rally
BONK Price Trend Teases Triangle Breakout
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With a bullish reversal from the $0.00002122 mark, the BONK price showcases another bullish attempt to conclude the pullback. The pullback in the dog-themed meme coin leads to a descending triangle in the 4H chart.
This Sunday, the BONK price increased by 4% to challenge the overhead resistance trendline with the third consecutive daily bullish candle. However, with the intraday drop of 2.34%, the BONK price trades at $0.0000238792.
The intraday downfall reflects the increased supply flow at the trendline and limits the possibility of a breakout. However, amidst the market recovery, the uptrend could find increased momentum by the day’s end.
In such a case, the BONK price could surpass the trendline, signaling a breakout entry for the sideliners. Optimistically, the unleashed momentum could drive the meme coin market price to the $0.000051 mark.
Do You Think? Will ETH Price Reclaim $4K Or Plunge To $3k Ahead Of The Bitcoin Halving?
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