The crypto markets are gaining momentum as the Bitcoin price has again set up a bullish trend, aiming to discover new ATH every day. Besides, the popular altcoins within the top 10 have been gaining significant bullish momentum. In the meantime, the memecoins continue to hold their dominance as the WIF price has set off a fine upswing with more than 40% gains, followed by a Bonk price rally.
dogwifhat (WIF) Price Smashes a New ATH
dogwifhat price had been ranging within a bullish pattern despite the token facing multiple bearish actions since its inception. The ascending trend line has been holding the rally for quite a while and the recent price action has enabled the price to break above the pattern. Hence, it can be assumed that the price may maintain a healthy upswing for longer, marking new highs in the coming days.
The latest upswing has lifted not only the price levels but also the RSI within the bullish range. Besides, the DMI levels, which were converging, have again triggered a rebound, suggesting the price has undertaken a bullish divergence. Therefore, the WIF price could maintain a healthy upswing and reach the next higher target at $4.22, first and later at $4.78 and finally at $5.03.
Bonk (BONK) Price Follows the Suit
After undergoing a parabolic recovery, the Bonk price is consolidating within a narrow range. While some expect a minor pullback as the bulls cool down, from a larger perspective, a major breakout could be on the horizon. With this, the BONK price is expected to mark new highs in the coming days.
The BONK price is accumulating strength to trigger a healthy breakout above the formed pattern. After facing rejection from the ATH zone between $0.00003978 and $0.00004364, the price is consolidating within a very narrow range. The buying pressure has mounted, which may enable the price to clear these levels and reach new highs above $0.00005.
