Top Memecoins PEPE, WIF, and BONK Surges in Bullish Rally: Key Levels to Watch

Memecoins on the Rise Amidst Bitcoin's Rally

Date: Tuesday, September 10, 2024, 6:11 AM GMT

As Bitcoin (BTC) approaches the $60,000 mark, the cryptocurrency market is abuzz with excitement. This upward momentum has also propelled memecoins, with their total market capitalization rising by 6.6% to reach $41.5 billion.

Among the top performers in this category are Pepe (PEPE), Dogwifhat (WIF), and Bonk (BONK), each showing gains of over 5% in the past 24 hours.

1. Pepe (PEPE)

Pepe, the third-largest memecoin by market cap, is currently trading at $0.000006948. It has found support at a crucial level within a descending triangle pattern. The next major resistance line could push PEPE to around $0.0000093, potentially a 14% increase.

2. Dogwifhat (WIF)

WIF, the fourth-largest memecoin by market cap, is currently priced at $1.68. It has also rebounded from a support level of $1.41 within a descending triangle pattern. If the rally continues, WIF could climb to $1.96, representing an 18% upside.

3. Bonk (BONK)

Bonk, a Solana-based memecoin, is trading at $0.00001722. It has taken support from the $0.00001526 level within a symmetrical triangle pattern. The next key level for BONK is $0.00001929, which would be an 11% increase from its current price.

It is important to remember that Bitcoin's performance can significantly influence the direction of these memecoins and the broader market.

Disclaimer:

Before making any investment decisions, it is crucial to conduct thorough research and consider the inherent risks associated with trading speculative assets. While potential gains are enticing, so are the risks. Stay informed and trade wisely.