Altcoin Season Approaching After Panic Spring – Meme Coins Will Hit ATHs First

,The market’s recent downturn has settled, paving the way for a resurgence. Pioneering coins with familiar logos are set to surge, potentially reaching new highs. This trend points to an exciting period ahead for altcoins. Investors are closely monitoring these shifts, eager to see which coins lead the charge as sentiment shifts toward a bullish phase. With the 2024 bull run commencing, the focus turns to these potential market leaders for signs of an impending altcoin season.

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Pepe Coin Bounces Up: Will the Rally Continue?

Pepe (PEPE) has shown a remarkable journey, especially in the last six months with a price spike of over 630%. In just the past week, it surged by 18%, signaling strong buying interest. Currently, it’s ranging between $0.00000664 and $0.00000970. The coin is facing its next hurdle near $0.00001087, with further potential resistance at $0.00001393. Meanwhile, support levels are found at $0.00000475 and a far lower $0.00000169. Indicators like the Stochastic suggest the coin might be in an oversold region, potentially hinting at a price reversal or consolidation in the nearer term. Pepe’s price action is somewhat volatile but currently shows no definitive sign of either purely impulsive or corrective moves.

Dogecoin Price Analysis: Can DOGE Keep Up Momentum?

Dogecoin has seen its price vary from $0.13 to $0.18 recently. It’s struggling to break past the upcoming resistance of $0.20 but staying above the support level at $0.10. Looking at the last six months, DOGE has surged over 111%, showing strong growth. However, the past month shows a dip of about 12%. With its 10-day average at $0.16 and 100-day average at $0.15, the coin is trading around common levels. The RSI and Stochastic indicators suggest DOGE isn’t overbought or oversold. Currently, the price action is not strong, as the MACD hovers around zero, indicating the coin is in a more stable phase rather than making impulsive moves.

Bonk Price Analysis: Bounce or Break?

Bonk (BONK) is currently in a tight spot, priced between $0.0000215 and $0.0000302. Recently, it lost 0.63% of its value in a week, while it climbed 14.55% in a month, and impressively, it surged 2542.99% over six months. The coin’s price is wavering beneath its first resistance level at $0.0000341, and much above the closest support at $0.0000167. While the RSI and Stochastic suggest it isn’t overbought, the negative MACD indicates some bearishness. BONK seems to be in a correction phase as it decides its next move.

Dogwifhat (WIF) Price Trend and Forecast

Dogwifhat’s price has grown significantly over the last six months, showing a massive 157.97% increase. Recently, there has been a 25.60% rise in just one week, while the past month’s growth is modest at 3.93%. Currently, WIF is trading between $2.49 and $3.72. The coin seems to be stabilizing with the Relative Strength Index close to 48.08, which is neither overbought nor oversold. Given its current motion and the moving average trends, Dogwifhat’s price shows a more corrective move, suggesting that short-term volatility may be calming down. The price is hovering near the higher end of the simple moving averages, indicating a potential for a continued uptrend towards its nearest resistance at $4.23. If the trend finds further strength, the next resistance level at $5.46 could be within reach.

Conclusion

As the cryptocurrency market experiences an upswing, meme coins like PEPE, DOGE, BONK, and WIF may grab attention. However, in the short term, these coins might not offer as much potential as some investors hope for. Instead, focus is shifting to CYBRO, a unique marketplace on the Blast blockchain that highlights earning through native yields. With CYBRO’s rollout expected in the second quarter of 2024, interested investors have the opportunity to get involved early by participating in the presale of CYBRO tokens. This presents an early entry point for those looking to capitalize on this new development in the cryptocurrency space.

Site: https://cybro.io
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