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
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.
BONK Price Trend Teases Triangle Breakout
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.
