Memecoin mania is showing signs of rotation: Bonk has surged ~6–7% to ~$0.000018 on strong ETF buzz and burning catalysts, while Pepe trades near $0.0000098, down ~1–2% but buoyed by whale accumulation and bullish wedge breakouts. Meanwhile, Dogwifhat (WIF) has slid ~4–10% intraday to ~$0.85, testing key support amid declining volume. Fundamentally, Bonk’s token burns and supply tightening, coupled with Pepe’s on-chain demand, suggest the memecoin mania may still have legs.
Technically, Bonk and Pepe display bullish wedge breakouts, while WIF’s dip could mark a short-term bottom—watch for volume confirmation.
Bonk (BONK)
Bonk (BONK), Solana’s breakout memecoin, is once again attracting market attention as it gains upward momentum amid fresh hype surrounding potential ETF exposure and token burn events. Trading at approximately $0.00001874, the BONK price has climbed steadily in recent sessions, rising over 20% from weekly lows near $0.0000158—an encouraging sign for meme-token bulls.
- Despite the recent selling pressure, the BONK price remains within bullish influence as the token surges $0.00001558 to $0.00001627
- The momentum is rising as the price is approaching the upper resistance of the Gaussian Channel and a rise above the range could flip the prevailing bearish trend
- On the other hand, the CMF is rising and sustaining above 0, hinting towards the rise in the money flow onto the platform
- Therefore, if the BONK price manages to rise above the channel, it may reach the neckline of the double-bottom pattern at $0.00002776, slicing above the pivotal resistance between $0.00002495 and $0.00002632
Pepe (PEPE)
PEPE coin is showing signs of technical strength amid renewed crypto market optimism. It is currently trading around $0.000009890 with a modest rise of over 1.69% in the past 24 hours but still remains within a tight consolidation range. This hints towards a potential breakout, offering a potential upside of more than 50%.
- The PEPE price has been trading within a descending parallel channel but has formed a small ascending parallel channel within
- Interestingly, the CMF is dropping while RSI is making every attempt to keep the price elevated, holding the ascending support
- This suggests that the strength of the rally is coiling up but the money flow into the platform has decreased
- This may place the PEPE price at a crucial juncture as the token is required to break out of the resistance of the main channel to sustain within the ascending trend channel. Hence, the upcoming weekend could have a huge impact on the PEPE price, as a rise above $0.00001 could invalidate the bearish thesis.
dogwifhat (WIF)
The WIF price is trading at $0.8395, facing a 3.15% pullback in the past 24 hours; however, the weekly gains are around 4%. The trading volume has also displayed a notable rise, while the on-chain metrics also signal renewed momentum as the buyers accumulate more than 72 million WIF. Besides, the open interest is also up by 25%, hinting at a bullish bias; meanwhile, the technical indicators suggest mixed sentiments.
- The WIF price faced rejection from the resistance of the descending expanding channel while facing constant bearish pressure
- With this, the Gaussian channel has turned bearish, hinting towards a continued descending trend that may drag the levels to the support at $0.78
- On the other hand, the MACD displays a drop in the buying pressure while the levels are heading for a bearish crossover
- The current trade setup suggests bears gaining dominance that could further drag the levels lower, followed by a bullish rebound that may breach the resistance and enter the resistance zone between $1.04 and $1.1.
