Memecoins ready for lift off – $PEPE, $WIF, and $BONK

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As a seasoned crypto investor with several bull and bear market cycles under my belt, I can sense the calm before the storm in the current market conditions. Bitcoin’s recent price action has shown signs of readiness for another massive surge, which could potentially lift most boats in the crypto sector.

As a crypto investor, I believe we might be on the brink of a significant market shift. Bitcoin seems poised for another price surge, which could potentially boost the entire crypto market. If this happens, memecoins like PEPE, WIF, and BONK may stand to gain the most from the ensuing momentum.

Next stage of a raging bull market could be upon us

The tranquil, hushed pause precedes the impending storm’s release. Bitcoin experienced a significant surge from its low at $53,400, and currently, its price remains still during this recent dip. Nevertheless, indications point to the approaching intensity of a thriving bull market.

Should Bitcoin break free from its prolonged price plateau, certain robust altcoins with solid fundamentals may mirror this trend, while the meme coin sector could significantly contribute to any substantial price increase.

$PEPE back above bull market trend line

The PEPE coin’s value has surpassed its trendline from the bull market once again. This is a highly optimistic development since the presence of solid foundations beneath current prices, derived from earlier market structures, points towards further price escalation.

The projected prices for $PEPE in the near future are estimated to be around $0.00001357 and $0.00001518, while its record high stands at $0.00001723.

$WIF approaches breakout

The price of $WIF appears poised for a breakout based on recent developments. Previously resistant level at $2.27 has now been flipped as support. The $WIF price has halted just shy of the descending trendline. Notably, Fibonacci levels aligning with the entirety of $WIF’s price action since early April gracefully fit the chart.

It seems highly likely that the price of $WIF will surpass the trendline, possibly revisiting the support level at $2.27 prior to this breakthrough. Subsequent price objectives could then be established at $2.77, $3.56, and finally $4.13. The stock might later retrace its steps and revisit the all-time high of $4.85.

$BONK already up and running

The memcoin $BONK, which operates on the Solana platform, has commenced its functioning. On the 9th of July, its price surpassed the declining trendline. It revisited this level on the 12th, and currently, it’s attempting to overcome resistance at the price point of $0.00002890.

After surmounting this current major hurdle at $0.000034, the next significant barrier lies ahead at $0.00003770. However, no notable resistances exist beyond that until reaching the all-time high of $0.000048. Beyond this milestone, price exploration unfolds, opening up unlimited potential for $BONK‘s growth.

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2024-07-19 15:08