What’s Next for These Memes as Dogecoin & Shiba Inu Accumulate Strength & Volume?

Memecoins Show Mixed Momentum

The cryptocurrency markets are experiencing consolidation, with Bitcoin struggling to maintain its rally above $93,000. While popular memecoins like Dogecoin and Shiba Inu continue to ascend, others have shown varying trends.

PEPE: Bearish Pressure

After a 100% surge in the first half of the month, PEPE is facing significant bearish pressure. The token has formed lower highs and lows, indicating a decline in buyer strength. It has failed to hold support, suggesting a potential drop below $0.000017.

BONK: Support Test at $0.00004

BONK has also experienced upward pressure, but bulls have failed to sustain gains. Technical indicators indicate a possible bearish trend, but the token has reached a reversal zone where a bullish push could invalidate this trajectory.

Others: Mixed Sentiment

Other memecoins, such as WIF, FLOKI, BRETT, and POPCAT, have demonstrated substantial strength. The memecoin market may gain momentum if Bitcoin rallies above $95,000.