Meme Coins on the Rise: DOGE- BONK and More Reach New Highs

Memecoins meme coin

The memecoin market is experiencing a surge, with DOGE leading the way with a 34% increase. Analysts foresee potential bullish trends persisting, but they also advise caution due to overbought conditions.

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Crypto enthusiasts are celebrating a bullish market comeback, with the total market capitalization rising by 8% to $2.3 trillion in the last 24 hours. Trading volume has surged by a whopping 103.91% to reach $194.22 billion. Notably, Bitcoin (BTC) is approaching its all-time high (ATH) from three years ago. Investors are closely watching memecoins, which have reached monthly or yearly highs and experienced a notable increase in trading volume.



Memecoin Market Update: DOGE, SHIB, BONK, PEPE, and FLOKI

Dogecoin (DOGE): Dogecoin, known as the leader of memecoins, has surged to a 15-month high of $0.1311. Currently trading at $0.1278, it marks a 34% surge in the last twenty-four hours. Trading volume also saw a significant increase of 179%, reaching $5 billion. Analysts speculate that if the bullish trend persists, DOGE might break the resistance level of $0.2193. However, a bearish scenario could see it drop to $0.07965.

Shiba Inu (SHIB): Shiba Inu, another prominent memecoin, has surged by 26% in the past 24 hours, currently priced at $0.00001353. The trading volume has reached $1 billion, reflecting an 80% surge. Analysts suggest that if the bullish momentum continues, SHIB might break the resistance level of $0.00002146. The daily Relative Strength Index (RSI) stands at 86, indicating an overbought condition.

Bonk (BONK): Bonk, a Solana-based memecoin, stands out with a 61% surge in the last 24 hours. Trading volume soared to $910 million, up by 174%. Priced at $0.00002215, it’s just 32% away from its all-time high of $0.00003419. If the bullish trend persists, it could surpass this level. The daily RSI is at 80, indicating an overbought condition.

Pepe (PEPE): Pepe has seen remarkable growth over the past week, surging by 174%. Yesterday, it reached a 10-month high of $0.00000362. Currently trading at $0.000003098 with a 20% surge, analysts predict that if the bullish momentum continues, PEPE might break the resistance level of $0.00000378.

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Floki (FLOKI): Floki has observed a 16% increase in the last 24 hours, with the current price at $0.00005739. However, trading volume declined by 11% during the same period. If the bullish trend continues, it could reach $0.000063, but a bearish scenario might see it drop below $0.000041.


Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

 

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  • Asad

    Asad is a dynamic and talented cryptocurrency content author who brings a wealth of knowledge and enthusiasm to every article. With a deep understanding of blockchain technology and a passion for digital assets, Asad's writing is both informative and engaging.

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